IRA Financial Group Introduces Specialized In-House CPA Service for Solo 401(k) Plan Clients

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New expert in-house CPA tax and ERISA service will be dedicated solely to assisting clients with individual 401(k) Plans on all tax and filing matters

IRA Financial Group Introduces Specialized In-House CPA Service for Solo 401(k) Plan Clients

We are excited to be able to offer our thousands of Solo 401(k) Plan the opportunity to consult with our in-house tax CPAs on all tax aspects of the Solo 401(k) Plan and the IRS Form 5500-EZ

IRA Financial Group, the leading provider of open architecture self-directed Solo 401(k) Plans announces the introduction of its new in-house CPA service specifically dedicated to assisting Solo 401(k) Plan clients with all IRS and tax matters concerning their plan. “We are excited to be able to offer our thousands of Solo 401k Plan the opportunity to consult with our in-house tax CPAs on all tax aspects of the Solo 401(k) Plan and the IRS Form 5500-EZ, “ stated Adam Bergman, an in-house tax attorney with the IRA Financial Group.

The Solo 401(k) plan, also known as an individual 401k plan, is not a new type of 401(k) plan. It is a traditional 401(k) plan covering a business owner with no employees, or that person and his or her spouse. These plans have the same rules and requirements as any other 401(k) plan. The Solo 401(k) Plan is a qualified retirement plan that is governed by Internal Revenue Code Section 401. A Solo 401(k) Plan is a tax-exempt qualified retirement plan.

The IRA Financial Group has designed a specialized Solo 401(k) CPA service, which will offer clients the ability to consult with specialized Solo 401(k) Plan trained CPAs on a wide variety of tax & ERISA matters concerning the Solo 401(k) Plan. Below is a list of some of the services offered by IRA Financial Group's in-house CPAs:

  •     Advising clients regarding Federal Income tax matters concerning the establishment, maintenance, and operation of a Solo 401(k) Plan
  •     Advising clients regarding ERISA tax matters concerning the establishment, maintenance, and operation of a Solo 401(k) Plan
  •     Advising clients regarding state income tax matters concerning the establishment, maintenance, and operation of a Solo 401(k) Plan
  •     Assisting clients with the completion and filing of IRS Form 5500-EZ
  •     Assisting clients with the completion and filing of any Federal Income tax Partnership returns in connection with the employer which adopted the Solo 401(k) Plan
  •     Assisting clients the completion and filing of any state Income tax returns in connection with the employer which adopted the Solo 401(k) Plan
  •     Advising clients on the IRS prohibited transaction rules as they pertain to federal and state tax matters concerning using a Solo 401(k) Plan to make investments
  •     Advising clients regarding the Unrelated Business Taxable Income (UBTI or UBIT) rules concerning a Solo 401(k) Plan investment
  •     Advising clients regarding the Unrelated Debt Finance Income (UDFI) tax rules concerning a Solo 401(k) Plan investment
  •     Assisting clients the completion and filing of the IRS Form 990-T in connection with a Solo 401(k) Plan investment that generates UBTI and/or UDFI
  •     Assisting clients with the day-to-day accounting and management of the Solo 401(k) plan investments (QuickBooks)
  •     Solo 401(k) Plan annual asset valuation services
  •     Advising on the federal and state asset & creditor protection rules relating to the use of a Solo 401(k) Plan

“The tax professionals and CPAs at the IRA Financial Group are committed to making sure your Solo 401(k) Plan solution remains in full IRS and ERISA compliance from establishment through investment, “ 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 self-directed Solo 401(k) Plan provider. 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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