by Mat Sorensen | Dec 9, 2020 | Podcast
Episode 6: Investing in a Private Company, Private Fund, or Small Business Tax attorneys Mat Sorensen and Mark Kohler outline how self-directed IRAs and solo 401(k)s can invest in private funds and small businesses. Private funds include private equity funds, venture...
by Mat Sorensen | Dec 7, 2020 | Blog
Roth IRAs can be established and funded for high-income earners by using what is known as the “back door” Roth IRA contribution method. Many high-income earners believe that they can’t contribute to a Roth IRA because they make too much money and/or because they...
by Mat Sorensen | Dec 3, 2020 | Blog
The case of Niemann v. Commissioner involves a successful real estate investor who unknowingly used his self-directed IRA owned LLC (aka, checkbook control IRA) in a way that caused a prohibited transaction under IRC § 4975. While the Tax Court’s holding and decision...
by Mat Sorensen | Dec 2, 2020 | Blog, Video
The Multi-Member IRA/LLC is the structure to use when you want to partner multiple accounts into one LLC to buy a particular asset or sets of assets. It can be a great option to partner with multiple accounts. What are the benefits, structures, concerns, and...
by Mat Sorensen | Dec 1, 2020 | Blog
Question 1: Can my IRA own substantially all of the ownership of an LLC? Question 2: Can my IRA/LLC pay a salary to me for serving as the manager of the IRA/LLC? The U.S. Tax Court issued an opinion in the case of Ellis v. Commissioner, T.C. Memo 2013-245 and answered...
