Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account

IRS Rules and Regulations

In order to keep the tax-advantaged status of your Checkbook IRA, you must follow the rules that the IRS has set in place. Learn about IRS tax tips, prohibited transactions, UBIT (Unrelated Business Income Tax), UDFI (Unrelated Debt Financed Income), and more so you can have a smooth journey to retirement.

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 […]
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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 […]
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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 […]
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February 23, 2021

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 […]
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Avoid These 4 Prohibited Transactions...Or Pay The Penalties

The phrase "prohibited transactions" may seem threatening and cause worry among self-directed investors seeking to stay out of trouble with the IRS. In reality, it is quite simple and painless to dodge any penalty that comes with a prohibited transaction. The penalty incurred from a prohibited transaction is immediate distribution of the asset accompanied by […]
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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 […]
Read More >

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Address:
One Paragon Drive
Suite 270
Montvale, NJ 07645

Phone: (800) 395-5200

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