Today was a big day in the IRA world. First off the Department of Labor came out with their proposal for fiduciary standards. In theory… Read More »Prediction: IRS will launch a full scale audit attack on self directed IRAs
One of the dirty little secrets about self directed IRAs is that most of their owners have made a mistake or two with the investments.… Read More »Privacy of Self Directed IRA Investments is disappearing
Tax Court released a new ruling saying the mere act of guaranteeing the assets of an IRA is a prohibited transaction. Nothing really new here… Read More »Guarantees and prohibited transactions for IRAs
Was reading a case today where the Department of Labor was saying an individual violated his fiduciary responsibilities by amongst other things, loaning money to… Read More »Self directed IRA prohibited transaction rule gotchyas
Have a thrift savings plan with the government? Running behind on your taxes? Bad news, President Obama just signed a bill that specifically allows the… Read More »Thrift Savings Plans are subject to IRS Levy
On October 17th, a district court affirmed a bankruptcy decision that said the mere act of signing the Merrill Lynch IRA account app caused the… Read More »Merrill Lynch IRAs are invalid and distributed?
Way back in 2008, the IRS issued some guidelines to a strategy they called the Rollover as Business Startup (ROBS). Reading between the guidelines (sorry,… Read More »Has the IRS determined that the Rollover as Business Startups (ROBS) isn’t valid?