Understanding how the IRS prohibited transaction rules apply to a self-directed IRA or Solo 401(k) plan transaction is crucial in order to stay out of any IRS problems
New York, NY (PRWEB) June 28, 2017
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA and solo 401(k) Plans, announces the introduction of a self-directed IRA prohibited transaction review service. IRA Financial Group’s new self-directed IRA prohibited transaction review service will be available to anyone seeking expert consultation on the complex prohibited transaction rules surrounding Internal Revenue Code Sections 408 and 4975. “Understanding how the IRA prohibited transaction rules apply to a self-directed IRA or Solo 401(k) plan transaction is crucial in order to stay out of any IRS problems," stated Adam Bergman, a partner with the IRA Financial Group.
The Internal Revenue Code does not describe what a Self Directed IRA or Solo 401(k) plan can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of retirement accounts for accumulation of retirement savings and to prohibit those in control of retirement accounts from taking advantage of the tax benefits for their personal account. “The partners at the IRA Financial Group have spent thousands of hours reviewing all available IRS materials and case law on all facets of the IRS prohibited transaction rules and have developed a platform for advising clients on the rules,” stated Mr. Bergman.
IRA Financial Group is the market's leading provider of self-directed IRA LLC and Solo 401(k) plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.
IRA Financial Group proudly announces the latest book titled “The Checkbook IRA” written by tax partner Adam Bergman, which is now available on Amazon. This is the second book in a four-part series on self-directed retirement plans. The first book “Going Solo” is also available on Amazon.
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646. To learn more about establishing a self-directed IRA account with the IRA Financial Trust Company please visit http://www.irafinancialtrust.com or call 800-472-1043.