Blog
IRS Filing Requirements for a CheckBook IRA LLC
IRS Filing Requirements for a CheckBook IRA LLC This post addresses tax filing requirements for CheckBook IRA structures that have one IRA and one LLC, which is to say single-member LLCs. We explain tax reporting for multi-member IRA LLCs in this post. Please also...
Tax Liens in an IRA LLC
I really want to take advantage of the massive profits to be made in tax liens but Iʼm having difficulty in doing so with my Self Directed IRA, can I do tax liens in an IRA LLC?
CheckBook IRA LLC: How much control do I get?
With an IRA LLC you get complete and total control of your retirement funds. If you only have a self-directed IRA, your funds would be held by the Custodian, and you would have to go through them for each and every transaction/investment. With a CheckBook IRA, your...
What is a Self-Directed IRA Custodian?
Substantially, a “self directed IRA Custodian” is no different than any other Custodian. An IRA is technically a trust, and any Custodian is technically the trustee of that trust.
IRA LLC & Rental Property: A Common Mistake
The lesson to be learned here is that, it can be easy to misstep with this kind of a structure if you don’t know the rules.
Prohibited Transaction Rules, Part IV: IRA LLC Examples
In Part I, we talked about prohibited transaction rules in general; in Part II, we talked about prohibited parties specifically; and in Part III, we talked about prohibited entities. Now that we've covered some ground, let's put it all together and look at some...
Prohibited Transaction Rules, Part III: Disqualified Entities
Prohibited Transaction Rules, Part III: Disqualified Entities By Jordan Sheppherd In Part I of this series we defined a prohibited transaction, and in Part II we looked at who the disqualified persons are to your CheckBook IRA LLC. Next, we’ll look at disqualified...
Prohibited Transaction Rules, Part II: Who is a prohibited person?
Prohibited Transaction Rules, Part II: Who is a prohibited person? By Jordan Sheppherd Part I of this series was all about defining what constitutes a prohibited transaction. You know that any deal or transaction of any kind between a plan and a prohibited person is...
Prohibited Transaction Rules, Part I: An IRA LLC Primer
Clients will often ask me what I think is the most important thing for them to learn before they have us set them up with a CheckBook IRA LLC. I always answer that the subject of prohibited transactions is by far the most important. It can sometimes seem a bit...
Can I retire in a house bought by my IRA LLC?
Most people are under the impression that a distribution from their IRA must be in cash.
How do I make a distribution from an IRA LLC?
One of the things that can hang people up when they are introduced to the CheckBook IRA LLC structure is how a distribution of funds would occur once they retire. Below is an excerpt from an email I received from one of our prospective clients: …how would I take...
Can I trade stocks in my CheckBook IRA LLC?
Can I Trade Stocks in my CheckBook IRA LLC?By Jordan Sheppherd I received the following question from a current client in Ohio: Hi Jordan, I was wondering if it’s ok for me to trade stocks in my Check Book IRA? As you know, I’ve been investing primarily in real...
How Can I Pay for an IRA LLC?
This is one of those questions that most prospective clients ask when they call us for the first time. They want to set up a Check Book IRA LLC, but they don’t necessarily want to pay the setup fee out of pocket. The answer is yes; your IRA may pay the setup fees...
The Benefits of a Self-Directed IRA
In this video, I explain the many benefits of having a self-directed IRA. I take the viewer through the basics of what an IRA is, what separates a regular Custodian from a self-directed Custodian, and give an example of how a transaction would occur with a...
