Tag Archives: self-directed IRA

Self-Directed IRA + K-1 = IRS scrutiny concerns

April 24, 2023Recent News, Self Directed IRA, TaxIRS, K-1, self-directed IRA, UBTI, UDFIWarren Baker

My clients frequently ask, “what self-directed IRA investments have the most potential for IRS scrutiny?” While most clients think this question is related to the specific type of investment, to me, the question is more about the collateral consequences of a particular investment. IRS scrutiny is very rarely a random occurrence – instead, the IRS questions … Continue reading Self-Directed IRA + K-1 = IRS scrutiny concerns →

Lessons from McNulty Case (hint: precious metals within IRA-owned LLC = trouble!)

November 19, 2021Recent News, Self Directed IRA, TaxIRS, self-directed IRAAngela Baker

Yesterday, the US Tax Court released their ruling in the case of McNulty vs. Commissioner of IRS (157 T.C. No. 10, November 18, 2021). In short, it wasn’t pretty for a husband and wife who had two self-directed IRAs and IRA-owned LLCs and used those IRA/LLCs to hold precious metals (e.g., American Eagle coins) in a safe at … Continue reading Lessons from McNulty Case (hint: precious metals within IRA-owned LLC = trouble!) →

Warren L. Baker featured as self-directed IRA expert in Natalie Choate’s new book “Life and Death Planning for Retirement Benefits” (8th Edition)

December 17, 2018Estate Planning, Recent News, Self Directed IRA, Taxestate planning, self-directed IRA, tax lawWarren Baker

I am very proud to announce the release of the 8th Edition of Life and Death Planning for Retirement Benefits, by Natalie B. Choate. Natalie is an extremely well-respected tax attorney in Boston, MA. For many years, her book has served as a THE AUTHORITY for estate planning and tax attorneys related to the legal … Continue reading Warren L. Baker featured as self-directed IRA expert in Natalie Choate’s new book “Life and Death Planning for Retirement Benefits” (8th Edition) →

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

September 28, 2017Recent News, Self Directed IRA, TaxGAO, nontraditional investments, self-directed IRAWarren Baker

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 →

Trusts & Estates Thought Leadership Award Nominee Announcement

May 30, 2017Recent News, Self Directed IRA, Taxself-directed IRA, Trusts & EstatesWarren Baker

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 →

Quoted in Wall Street Journal article on UBTI (“Are Taxes Lurking in Your Tax-Free Retirement Account?”)

March 10, 2017Recent News, Self Directed IRAself-directed IRA, UBTI, Wall Street JournalWarren Baker

Many IRA investors are completely unaware that an IRA’s investments (whether made out of a “Traditional” or Roth IRA) can potentially produce currently taxable income to the IRA itself – resulting in both tax to the IRA, but also a special tax return filing (Form 990-T). In the “self-directed IRA” world, this is particularly a problem … Continue reading Quoted in Wall Street Journal article on UBTI (“Are Taxes Lurking in Your Tax-Free Retirement Account?”) →

New GAO Report: “Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets”

January 11, 2017Recent News, Self Directed IRAForbes, GAO, self-directed IRAWarren Baker

I received an email a few minutes ago from a Government Accountability Officer regarding the public release of the GAO’s brand new report on self-directed retirement vehicles entitled “Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets“. I was interviewed for this report – way back in November … Continue reading New GAO Report: “Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets” →

Publication Notice: “The Care & Feeding of Large IRAs” (Trusts & Estates Magazine, Dec. 2016)

December 5, 2016Recent News, Self Directed IRAIRS, large IRAs, self-directed IRA, Trusts & Estates MagazineWarren Baker

I am thrilled to announce the publication of my collaboration article with Natalie Choate, Esq. (a prolific writer and presenter in the area of retirement benefits), entitled “The Care & Feeding of Large IRAs“. This article was published in Trusts & Estates Magazine on December 1, 2016. A virtual copy of the magazine can be found … Continue reading Publication Notice: “The Care & Feeding of Large IRAs” (Trusts & Estates Magazine, Dec. 2016) →

Forbes – “IRAs Gone Wild” (featuring yours truly)

October 19, 2016Recent News, Self Directed IRA, TaxForbes, IRAs Gone Wild, self-directed IRAWarren Baker

I am humbled and honored to announce the publication of an article on self-directed IRA investing that appears in the November 8, 2016 issue of Forbes Magazine (published online today – see link below). Thank you to the author (Ashlea Ebeling) for making it clear that SDIRAs can be a great tool for some investors, … Continue reading Forbes – “IRAs Gone Wild” (featuring yours truly) →

BREXIT = increase in Self-Directed IRA market?

June 24, 2016Recent News, Self Directed IRA, TaxBREXIT, non-traditional investing, self-directed IRAWarren Baker

Unless you have been out hiking somewhere (and/or trying to enjoy the start of summer), you probably know that the United Kingdom has voted to leave the European Union (an event that has been termed “BREXIT” – as in “Britain Exit”). In less than 24 hours, this event has already caused considerable shock to global stock … Continue reading BREXIT = increase in Self-Directed IRA market? →