Because employer SEP IRA contributions are treated as a Traditional IRA, employees are able to roll there SEP IRA funds into a self-directed SEP IRA LLC tax-free
Miami, FL (PRWEB) May 09, 2012
IRA Financial Group, the leading provider of self-directed IRA LLC solutions, introduces the self directed SEP IRA LLC solution for small business owners and their employees. With IRA Financial Group’s self-directed SEP IRA LLC, employees that have an employer making SEP IRA contributions can roll their SEP IRA funds tax-free into a self-directed SEP IRA LLC tax-free. “The self-directed SEP IRA LLC will allow employees to use their SEP IRA funds to make real estate and other investments tax-free and without custodian consent, “ stated Adam Bergman, a tax attorney with the IRA Financial Group. “Because employer SEP IRA contributions are treated as a Traditional IRA, employees are able to roll there SEP IRA funds into a self-directed SEP IRA LLC tax-free, “ stated Mr. Bergman.
A SEP is a simplified employee pension plan. Any employer can establish a SEP. An employer can maintain both a SEP and another plan. Annual contributions an employer makes to an employee’s SEP-IRA cannot exceed the lesser off (i) 25% of compensation, or $50,000 for 2012. However, special rules apply when figuring out the maximum deductible contribution for a self-employed individual (typically 20% of compensation).
A self Directed SEPIRA LLC "Checkbook Control" structure is an IRS approved and Tax Court certified structure that offers one the ability to use his or her SEP IRA funds to make almost any type of investment on their own without requiring the consent of any custodian.
With IRA Financial Group’s self-directed SEP IRA LLC, one will be able to invest in almost any type of investment opportunity, including: real estate (rentals, foreclosures, raw land, tax liens etc.), private businesses, precious metals, hard money & peer to peer lending as well as stock and mutual funds; you're only limit is your imagination. The income and gains from these investments will flow back into the SEP IRA tax-free. Additionally, with a self-directed SEP IRA LLC "Checkbook Control" structure, one will be able to save a significant amount of money on custodian fees. With a Self Directed SEP IRA LLC with "checkbook control" one will no longer have to pay excessive custodian fees based on account value and transaction fees. Instead, with a "checkbook control" Self-Directed SEP IRA LLC, an FDIC backed IRS approved passive custodian is used.
One of the primary tax advantages of the self-directed SEP IRA LLC "Checkbook Control" structure is that all income and gains from the SEP IRA investments will generally flow back to your SEP RA LLC tax-free. Because an LLC is treated as a pass-through entity for federal income tax purposes and the SEP IRA, as the member of the LLC, is a tax-exempt party pursuant to Internal Revenue Code Section 408, all income and gains of the LLC will flow-through to the IRA tax-free!
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 and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have 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 tax-free and 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.