IRS Rules and Regulations Archives

How Marriage Affects Your Taxes and Retirement Planning

With the weather warming up and a few covid restrictions being lifted, wedding season is in full bloom. Along with choosing the right cake and flowers, newlyweds should be aware of how saying “I Do” affects their tax situation and retirement planning. Here’s a checklist for newly married couples: Update Name and Address Name - […]

July 21, 2021

In the News IRS Rules and Regulations

SECURE 2.0 - What You Need to Know

Retirement legislation has often been characterized as being confusing and without obvious benefits. However, the IRS and the government at large has begun making a move towards more taxpayer friendly laws and clear communications. In late 2019, the SECURE Act was passed. This was a series of retirement law reboots that sought to make retirement planning more workable for the American […]

May 26, 2021

In the News IRS Rules and Regulations

The Taxpayer Bill of Rights - Part 2

The Taxpayer Bill of Rights - Part 2 Last week we started a discussion about the Taxpayer’s Bill of Rights. This is an official IRS document that outlines what taxpayers can expect in the way of fair treatment. The first half of the list focused on elements of the product and the […]

March 24, 2021

IRS Rules and Regulations

The Taxpayer Bill of Rights - Part 1

When you open a Self Directed IRA, one of the great side benefits is getting educated about tax law. You find out how retirement benefits work, the ins and outs of Prohibited Transactions, and different applications of filing. What happens, though, when the system breaks down? We’ve all felt general annoyance with the IRS, but […]

February 23, 2021

IRS Rules and Regulations

The Legality of Our Ultimate IRA

https://www.broadfinancial.com/wp-content/uploads/2019/09/clipart49848-e1569602104914.png Simply because the existence of Self-Directed IRAs is not common knowledge, it leaves many wondering whether or not the investment vehicle is even legal. Rest assured: it absolutely is. Your unfamiliarity with SD IRAs is often due to traditional retirement investing firms shielding their clients from the ability to venture into alternative investments, due […]

October 3, 2019

IRA LLC IRS Rules and Regulations

Four Prohibited Transactions to Understand

The phrase "prohibited transactions" may seem threatening and cause worry among Self-Directed IRA investors seeking to stay out of trouble with the IRS. In reality, it is quite simple and painless to avoid any penalty that comes with a prohibited transaction. The penalty incurred from a prohibited transaction is an immediate distribution of the asset […]

August 22, 2019

IRS Rules and Regulations

The Legality of Our Ultimate IRA

Simply because the existence of Self-Directed IRAs is not common knowledge, it leaves many wondering whether or not the investment vehicle is even legal. Rest assured: it absolutely is. Your unfamiliarity with SD IRAs is often due to traditional retirement investing firms shielding their clients from the ability to venture into alternative investments, due to the lack […]

August 12, 2019

IRA LLC IRS Rules and Regulations

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