Whether one is establishing a self-directed IRA or a solo 401(k) plan, the IRS prohibited transaction rules are important to keep in mind when making IRA or 401(k) plan alternative investments, such as real estate
New York, NY (PRWEB) December 28, 2016
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA and solo 401(k) plan solutions, announces that the IRS prohibited transaction rules was the most popular subject for RA Financial Group clients in 2016. The Internal Revenue Code does not describe what a self-directed IRA or solo 401(k) 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 IRAs for accumulation of retirement savings and to prohibit those in control of IRAs from taking advantage of the tax benefits for their personal account. “The self-directed IRA prohibited transaction rules is an area that we make sure all our self-directed retirement clients are very familiar with in order to protect their investments from any unintended IRS tax consequences,” Stated Jen Coleman, a self-directed IRA specialist with the IRA Financial Group. “Whether one is establishing a self-directed IRA or a solo 401(k) plan, the IRS prohibited transaction rules are important to keep in mind when making IRA or 401(k) plan alternative investments, such as real estate,” stated Ms. Coleman.
The self-directed IRA prohibited transaction rules require that neither the retirement account holder nor any disqualified person can directly or indirectly personally benefit for any retirement account investment.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
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.
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.
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.