New Solo 401(k) Contribution Deadlines: Rules, Steps, and Strategies
Monday, December 16
As 2019 comes to an end, it is critical that Solo 401(k) owners understand when and how to make their 2019 contributions. There are three important deadlines you must know if you have a Solo 401(k) or if you plan to set one up still in 2019. A Solo 401(k) is a retirement plan for small business o...
2018 Tax Reporting for Your Self-Directed IRA
Monday, January 14
Self-Directed IRA investors should be aware of their self-directed IRA tax reporting responsibilities. Some of these items are completed by your custodian and others are the IRA owner’s sole responsibility. Here’s a quick summary of what should be reported to the IRS each year for your self-dire...
What's a Foreign LLC or Corp, and When Do I Need to Register Foreign?
Thursday, January 03
Business owners and investors doing business in multiple states often ask the question of whether their company, that is set up in one state needs to be registered into the other state(s) where they are doing business. This registration from your state of incorporation/organization into another s...
4 Reasons to Ditch Your SEP IRA for a Solo 401(k)
Monday, December 11
If you are self-employed and use a SEP IRA to save for retirement, you should carefully consider moving those funds to a new Solo 401(k) (aka “Solo K”).Both SEP IRAs and Solo Ks are retirement plans commonly used by self-employed persons with no employees, such as: Real estate professionals, inve...
Self-Directed IRAs, Real Estate Crowdfunding and UBIT Tax Explained
Tuesday, September 19
The most common asset class for self-directed IRA accounts is real estate. Real estate investments for self-directed IRAs come in various forms from simple single-family rentals owned 100% by the IRA, to LLC or LP investment partnerships with multiple investors in larger commercial or multi-famil...
Buying a Retirement Home With Your Self-Directed IRA
Tuesday, August 22
A common question among self-directed IRA investors is, “Can I buy a future retirement home with my IRA?” Yes, you can buy a future retirement home with your IRA, but you need to understand the rules and drawbacks before doing so. First, keep in mind that IRAs can only hold investments and you ca...