Self-Directed IRA Plans

A Little Peek at New IRS IRA Reporting Requirements

Speak of the devil, while I just did a blog on new IRA reporting requirements for 2015, the IRS has come out with a “DRAFT” copy of a newly-proposed Form 5498.  The primary (if not sole) purpose of this draft form, and what will be a final revised Form 5498, is to ascertain and report the FMV (Fair Market Valuation)…read more →

Self-Directed IRA and 401(k)s — Non-Traditional Assets

You have done some research on various websites related to self-direction.  It doesn’t matter whether it is a self-directed SEP-IRA, Roth IRA, Traditional IRA or SIMPLE IRA.  Or if it is a 401(k) plan, which is also marketed as Uni-K, Solo-K, self-directed  401(k) and self-administered 401(k), one basic tenet is still in play…they can all be self-directed.  In learning more…read more →

New Reporting Requirements for IRAs

Any IRA account owner, but especially a self-directed IRA account owner, should take particular notice of a new IRS reporting requirement that will affect IRAs in 2015.  This new reporting requirement was originally to be effective in 2014; however, the IRS delayed the implementation of this requirement until 2015 to adequately provide time to IRA custodians to prepare for the…read more →

Self-Directing Your IRA — How Long Will it Take?

Realistically, how long does it take? You have made the phone calls and done your research.  You may have also spoken to some self-directed companies who give the impression or outright tell you that your account can be established and funded in a matter of days.  Is this realistic? Before you answer …think about some aspects of establishing a self-directed…read more →

Operating Agreement for Self-Directed IRA LLCs

I occasionally receive a question from a client on why is an operating agreement for self-directed IRA LLCs important. The genesis of the question usually rotates around when an IRA account owner is establishing the bank account for their IRA LLC, the bank will require that the individual provide the Federal TIN (Taxpayer Identification Number) and the approved articles for the…read more →

Real Estate Agents Investing With Self-Directed IRAs

Real estate agents investing with self-directed IRAs can make some mistakes with how they execute their self-directed investments.  I wanted to write this post after a recent seminar with real estate agents, which included real estate agents investing with self-directed IRAs.  The meeting was to introduce the benefits associated with real estate agents not only establishing their own self-directed retirement plan,…read more →

IRA LLC Valuations

Recently, I wrote a post related to IRA LLC valuations and the new requirements that custodians must follow effective in 2015.  These new IRA LLC valuations will place greater responsibility on the IRA custodian for a more accurate reporting of “hard to value assets.”  While the final requirements have not been communicated to custodians, there will be change to an account manager…read more →

Self-Directed IRA LLC Valuations

All IRA custodians must report the FMV (Fair Market Valuation) of an IRA to the IRS annually.  So it is also true that self-directed IRA LLC valuations must be provided as well by the custodian to the IRS.  In the past, self-directed IRA LLC valuations may have simply consisted of the IRA account manager listing an actual dollar amount as of the…read more →

Retirement Plans Holding Longevity Annuities

The IRS has finalized regulations pertaining to retirement plans holding longevity annuities and how it impacts RMDs (Required Minimum Distributions) of such plans.  While I just did a post on this, it is always nice to get words directly from the IRS/Department of Treasury. Retirement plans holding longevity annuities has been an item of interest within retirement plan designing as…read more →

New IRA Rollover Rules — When Doesn’t it Apply?

You know there are many blog postings on the recent Bobrow vs. Commissioner Tax Court case with these blogs going into, sometimes, great detail about the ruling from that case which deals with IRA to IRA rollovers.  Since this post is not specifically about this case, let’s just simply state that beginning in 2015 an individual will be limited to…read more →