IRA Financial Group Develops Solution to Allow Small Business Owners to Fund a Solo 401(k) Up Until Tax Return Deadline

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Solution allows self-employed individuals make tax-deductible employer contributions up until tax return deadline, including extensions

Self-Directed SEP IRA Investor

Our Self-Directed SEP IRA LLC solution will allow an entrepreneur to make tax deductible contributions for the 2012 taxable year and then roll those funds into the Solo 401(k) Plan solution

IRA Financial Group, the leading facilitator of self-directed IRA and Solo 401(k) Plans announces a new solution that will allow self-employed individuals and small business owners the ability to make tax-deductible employer profit sharing contributions up until the tax return is filed. A self-employed individual who has not adopted a solo 401(k) Plan during that year would not be able to make an tax deductible contributions with respect to that tax year. However, IRA Financial Group’s Self-Directed SEP IRA solution would allow a small business owner with no employees the ability to make tax-deductible employer contributions for a prior tax year. “Our Self-Directed SEP IRA LLC solution will allow an entrepreneur to make tax deductible contributions for the 2012 taxable year and then roll those funds into the Solo 401(k) Plan solution,” stated Adam Bergman, a tax attorney with the IRA Financial Group.

IRA Financial Group’s Self-Directed SEP IRA solution will allow a business owner to make tax deductible contributions up to (i) 25% of the compensation amount, or (ii) $51,000, whichever is less. A Self-Directed SEP IRA, also called a Self-Directed SEP IRA LLC with checkbook control, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. The Self-Directed SEP IRA involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the IRA custodian) and managed by you or any third-party. As manager of the IRA LLC, the IRA holder will have control over the IRA assets to make the investments he or she wants and understands – not just investments forced upon you by Wall Street.

Through IRA Financial Group Self-Directed SEP IRA solution, the small business owner would be able to rollover tax-free the SEP IRA funds into a newly established Solo 401(k) Plan, which would offer the business owner with enhanced retirement benefits. Through IRA Financial Group’s Solo 401K Plan, a self-employed individual would gain the ability to make high tax-deuctible contributions (up to $56,500), borrow up to $50,000 tax-free and use the loan proceeds for any purpose, as well as make real estate and other investments on their own tax-free and penalty free without requiring the consent of any custodian or person.

“By implementing our Self-Directed SEP IRA LLC solution in conjunction with a Solo 401(k) Plan, a self-employed individual would be able to make tax deductible contributions for a prior tax year and roll those funds tax-free into a Solo 401(k) Plan for the upcoming taxable year, “ stated Mr. Bergman. “Using the Self-Directed SEP IRA would allow the self-employed individual to take advantage of making tax-deductible contributions for a prior tax year where no Solo 401(k) Plan has been established,” stated Mr. Bergman.

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 is the market's leading “checkbook control Self Directed IRA and Solo 401(k) Plan Facilitator. 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.

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Jaclyn Baily
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