Tax law

Sorry, but UBTI losses from IRA (still!) don’t “flow through” to your individual tax return

Recent News, Self Directed IRA, Tax law

As you have written about extensively on this blog and within other “self-directed IRA” related articles, one of the key legal matters that SDIRAs face is “unrelated business taxable income” (UBTI) – i.e., current tax from the SDIRA’s investments.  Generically speaking, UBTI occurs in two situations: (1) the SDIRA earns income (directly or through a … Continue reading Sorry, but UBTI losses from IRA (still!) don’t “flow through” to your individual tax return

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They’re BACK! … GAO conducting a third study of SDIRA marketplace

Recent News, Self Directed IRA, Tax law, ,

Earlier this week, I had my third official interview with the Government Accountability Office (GAO).  First, a little history…I was first contacted by the GAO in late 2013, for a study they had been asked to conduct ((by Senator Ron Wyden, D-OR) on so-called “Large Balance IRAs” (a real “eye of the beholder” term!).  This … Continue reading They’re BACK! … GAO conducting a third study of SDIRA marketplace

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Quoted in Forbes piece on Roth IRA/LLC case (Block Developers, LLC v. Commissioner)

Recent News, Self Directed IRA, Tax, Tax law

  There has been some rumbling (at least in my world) over the past few weeks regarding another Tax Court dealing with Roth IRAs and “excess contribution” issues.  The case, Block Developers, LLC v. Commissioner, involves four family members (father, mother, two children) that formed Roth IRAs and attempted to shift income that would otherwise … Continue reading Quoted in Forbes piece on Roth IRA/LLC case (Block Developers, LLC v. Commissioner)

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Trusts & Estates Thought Leadership Award Nominee Announcement

Recent News, Self Directed IRA, Tax law,

  I am honored to announce that the article I co-authored with esteemed tax attorney Natalie B. Choate, entitled “The Care and Feeding of Large IRAs“, has been selected by Trusts & Estates magazine’s editorial team for a “Thought Leadership award”.  A survey will be sent (via email) on Thursday, June 1st to all Trusts & … Continue reading Trusts & Estates Thought Leadership Award Nominee Announcement

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