Recent Articles

May an SDIRA use a Trust Rather than an LLC?

on Tue, 04/28/2020 - 13:30 Frank

Yes, you may use a Trust to manage your self-directed IRA’s assets. This article attempts to clarify what works and what doesn't work for an IRA to use a trust as its investment vehicle.

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ROBS Audits – IRS

on Thu, 04/23/2020 - 12:30 Frank

Navigating the IRS audit process looks as complicated as, oh, following a flow chart that seems to loop just as you think you are nearing completion.

Tags:

IRS audit

ROBS

rollover business startup

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ROBS Audits – DOL

on Tue, 04/21/2020 - 12:30 Frank

The purpose of a DOL audit is not to rehash past mistakes but to look at past events with a view toward improving future performance. Findings from an audit can be used as a basis for adjusting po

Tags:

ROBS

rollover business startup

audit

IRS

DOL

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Wyoming LLC for your SDIRA

on Fri, 04/17/2020 - 12:30 Frank

Why should self-directed IRA clients use a Wyoming LLC? As Nevada fades in the #1 State slot to create an LLC, many clients look to Wyoming for the best benefits.

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ROBS Year End Valuations

on Mon, 04/13/2020 - 12:30 Frank

Plan Administrators require year-end valuations of all plan assets. Most of my clients’ plans only contain stock in the sponsoring corporation so this is a straightforward, albeit important, task.

Tags:

ROBS

Valuations

rollover business startups

stock price

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ROBS for Engineers

on Fri, 03/27/2020 - 13:30 Frank

Contracting issues create a unique opportunity for Engineers (and similar professions) to use a Rollover Business Startup (ROBS) to land important contracts.

Tags:

ROBS

rollover business startups

business financing

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Three Reasons To Create Your ROBS Business NOW (and One Not To)

on Tue, 03/24/2020 - 21:09 Frank

A caller inquired about whether I believe our current economic uncertainty is a good time to initiate a ROBS setup.

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What Is A Rollover Business Startup?

on Fri, 03/20/2020 - 21:47 Frank

Tags:

ROBS

rollover business startup

fund a new business

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IRS Compliant ROBS setups

on Thu, 03/12/2020 - 13:30 Frank

The IRS' ROBS Compiance Project details specific concerns with ROBS arrangements.

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ROBS for Cannabis Companies Now Available

on Tue, 03/03/2020 - 20:31 Frank

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.