Using an IRA/LLC
(aka, checkbook IRA)

Self-Direct Your IRA. Invest in What You Know.
Take Control of Your Retirement™.

4 Key Points To Consider
When Investing In Real Estate

1: Checkbook Control

IRA funds are invested into the LLCs business checking account. Do not commingle personal funds.

2: Asset Protection

IRA and IRA owner are protected from liability created by the IRA/LLC.

3: No Tax Return

If one IRA owns the LLC 100% there is no tax return required by the IRS. If the IRA has more than one owner the LLC files a partnership tax return.

4: Manager of the IRA/LLC

The IRA owner can be manager of the LLC and can manage the LLC checking account and can sign for the LLC. The IRA owner (or any disqualified person) is restricted from receiving a salary or compensation.

Articles On Using a IRA/LLC aka Checkbook Control IRA

IRA Ownership of an LLC: Self-Directed IRAs and IRA/LLCs

There are numerous laws, cases, and regulations to consider in analyzing whether your IRA can own an LLC (commonly referred to as an “IRA/LLC” or a “checkbook control IRA”)…..

New Case Answers Important Questions About IRA/LLCs

Can my IRA own substantially all of the ownership of an LLC? Can my IRA/LLC pay a salary to me for serving as the manager…

What Not To Do With Your IRA/LLC or Checkbook Control IRA: Niemann v. Commissioner

The recent case of Niemann v. Commissioner involves a successful real estate investor who unknowingly…