Self-Directed IRAs Tax Problems and Issues

Description

This course will discuss the tax compliance rules regarding a self-directed IRA. This includes the Unrelated Business Taxable Income and Unrelated Debt Financing Income rules. The course will also cover the possible penalties for transactions involving "disqualified persons" and possible tax issues arising from divorce.

Highlights

LINK AND INSTRUCTIONS TO COME FROM AES TAX ONE DAY PRIOR TO SESSION

Objectives

After completing this course the participant will be able to:

• Identify major reporting requirement compliance issues for self-directed IRAs.
• Explain how Unrelated Business Taxable Income relates to self-directed IRAs.
• Explain how Unrelated Debt Financing Income relates to self-directed IRAs.
• Determine who is a "disqualified person" for the purpose of a self-directed IRA.
• Advise clients on avoiding transactions between the self-directed IRA and "disqualified person."
• List the possible penalties for a self-directed IRA.
• Discuss issues arising from the transfer of self-directed IRA funds pursuant to a divorce.
• Discuss potential issues of self-directed IRAs in estate planning.