Coronavirus related distribution certification
Looking for the form to certify that your distribution is a Coronavirus related distribution? Here it is. Here is a link to the IRS form… Read More »Coronavirus related distribution certification
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Can Self Directed retirement plans “Buy the dip” in stocks?
As I’m typing this the market is down well over 20% from the beginning of the year. A direct result of this market correction is… Read More »Can Self Directed retirement plans “Buy the dip” in stocks?
Took longer than 60 days to rollover your IRA? A new court case could help.
In 2001 Congress enacted a law allowing the IRS to waive the 60 day IRA rollover requirement, “where the failure to waive such requirement would be… Read More »Took longer than 60 days to rollover your IRA? A new court case could help.
Tax time is investment time for your self directed IRA or self directed 401k
Yesterday I had a client call me up and explain that she was frustrated as her self directed account was only earning 1.2% in interest.… Read More »Tax time is investment time for your self directed IRA or self directed 401k
Who really owns your IRA LLC? Your self directed IRA?
Tons of people have set up IRA LLCs. The theory is that since they are the beneficiaries of the IRA they are indirectly the owners… Read More »Who really owns your IRA LLC? Your self directed IRA?
Retirement benefits cut 60% by the state
Its a tale as old as time. You’re fresh out of college and trying to figure out what to do with your life. There are… Read More »Retirement benefits cut 60% by the state
Can the IRS Levy (IRS talk for take away or garnish) your retirement plan?
When you owe the IRS money they can pretty much come after any asset that you own. That includes your retirement plan assets. As verification… Read More »Can the IRS Levy (IRS talk for take away or garnish) your retirement plan?
Witholding Taxes and rollovers from retirement plans
When you request a distribution from your qualified retirement plan such as a profit sharing plan or 401k, the tax code requires that your plan… Read More »Witholding Taxes and rollovers from retirement plans
Are 401ks protected in bankruptcy?
Can your 401k be taken away if you file bankruptcy? As a general rule, 401ks are protected in bankruptcy. The bankruptcy code has 2 different… Read More »Are 401ks protected in bankruptcy?
Could you owe taxes because you don’t charge enough? One Harvard professor seems to think so
Want to get rich quick? I mean really, really rich. . . billions. All you need to do is turn in someone who is doing… Read More »Could you owe taxes because you don’t charge enough? One Harvard professor seems to think so