Latest blog postings | Frank Selden Law

Latest blog postings

Goose Farm
Jan 22 - 2020

You enjoyed a goose for your Dickens Christmas dinner (and leftovers) and decided that a goose farm is a good investment for your retirement dollars. What are the differences in purchasing this farm through a self-directed IRA or a rollover business startup?

Funding Your Own Business Startup
Jan 14 - 2020

ROBS (Rollover Business Startup) is a mechanism you can use to create a business with your own retirement funds. Do your goals for 2020 include starting your own business? Do you want to use some of your own retirement funds to help launch your enterprise?

Oct 29 - 2019

This is a reprint from an article posted by Leading Retirement Solutions. Their article can be found here.


Jul 25 - 2019

Is Peek and Fleck v Commissioner a ROBS case? I recently read a blog post on an attorney website cautioning people from using a rollover business startup (ROBS) funding in light of Peek v.

Jun 27 - 2019

A 2014 bankruptcy case, In re Cherwenka, dealt with prohibited transaction claims against a self-directed IRA owner who used his IRA to invest in real estate.

Jun 20 - 2019

A new client expressed concern that he had to return profits to the 401k plan based on its percentage of ownership. Returning earnings to shareholders are allowed in the form of dividends, but not required. 

Jun 06 - 2019

Does funding your corporation with a 401K plan create ROBS salary limits for yourself? Or, are you allowed to pay yourself whatever you want?

Inner Details Matter
May 31 - 2019

One attorney cautions against creating a rollover business startup (ROBS) transaction. His reason? The Peek and Fleck v.

Buy Mexico real estate with an IRA
May 23 - 2019

Buying Mexico Real Estate with IRA funds requires several additional steps to buying real estate in the US. I have helped several clients purchase real estate in Mexico and love traveling there.

Manage your ROBS business
May 17 - 2019

This is part two of a two part article on ROBS setup issues. Click here for part one.

May 09 - 2019

This is part one of a two part article on some things to consider when creating a ROBS setup.  

May 03 - 2019

What is a ROBS Corporation idea worth these days? You just know your idea is worth a million dollars. You bring $100,000 from your plan into the corporation and youcontribute your $1M idea. May your corporation issue you $1M worth of stock for your idea? No.

Apr 17 - 2019

Someone called recently to ask whether I offer an audit guarantee. I informed her that I do not, then asked why she thought it necessary.

Apr 11 - 2019

If two unrelated people create a ROBS funded corporation together, what happens to the plan stock if one of them passes away?

Apr 04 - 2019

If done incorrectly, taking an SDIRA distribution can disqualify your IRA. If the IRS disqualifies your IRA, you owe taxes on the entire IRA backdated to Jan 1 of the year of the disqualification plus interest.

Mar 28 - 2019

You may own cattle in a self-directed IRA! I grew up around dairy farms. During my teenage years I met another teenager who said he also lived "on a farm". As he described life on a cattle ranch, I became awestruck at the differences on a work day between dairy and cattle operations.
Mar 21 - 2019

Last spring I taught a two-hour class on rollover business startups (ROBS) to the NW chapter of enrolled agents. I also learned a few things about enrolled agents and even something about ROBS.

Mar 14 - 2019

What is a true ROBS upside to you? In our last post, we looked at the downsides. Now, let’s look at what works well about creating a business with ROBS funding.

Choosing Your Plan Admin
Mar 07 - 2019

Investing your retirement funds into your own business provides several key advantages or upsides which I will cover next week. This week we'll cover the risks, the downsides to adopting a ROBS strategy. Some of the downsides are best 

Cannabis Companies
Feb 28 - 2019

Since the US Federal government still considers Cannabis a Schedule 1 drug, cannabis companies allowed by State law experience difficulty opening bank or financial service accounts.


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