In fact, when making accredited investments, all I had to provide/do was fill out a form which stated my income, net worth, and acknowledgement that I was an accredited investor.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.

I also acknowledge that my situation could change if I were to finally get married and have kids.

Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.

I have taken this up with at least three people in the organization over the past year, and they refuse to acknowledge that I have a valid complaint.

Plus I can say anyone can technically force dissolution at any time (since the Act I mentioned makes it so anyway) but I guess we will each just acknowledge the fact that such dissolution will cause some headache over appraisal and legal fees - and therefore we prefer to stick to the 4 year plan.By the way, how do you get a fair appraisal in the case of dissolution?

I understand why there is an advantage but why not provide a seller acknowledgement form on top of the purchase contract stating that you are placing the property up and have plans to make a profit?

Especially if you haven't received even an acknowledgment that your e-mails have been received.That said, if you can definitively state that you fully followed their published process, you may be able to make your claim stick.

I'm glad you acknowledged the issue of being too caught up to actually get a deal done.

The seller would just have to sign the standard acknowledgement paperwork which could recite the fact that we are not informing the lender due to time constraints.Thoughts?