Timothy Sumer

Investopedia has ranked IRA Financial as the top provider of IRS audit protection for self-directed IRAs. In today's episode, the founder of IRA Financial, Adam Bergman, Esq. discusses what exactly we do to protect our clients from audits. -- Learn about the Self-Directed IRA: Learn more about IRA audits: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financia

IF I INHERIT MONEY FROM MY PARENT’S 401(K), DO I HAVE TO PAY TAX? Answer: Generally, yes, you are taxed on distributions from a 401(k). If taking a 401(k) distribution, the proceeds will be subject to income tax. However, the person inheriting those funds is not required to take an immediate distribution. She can either: • Leave the money in that same 401(k) account; • Have a roll-over to her own job-related plan, if allowed by that plan; or • Have a roll-over into her own or even another inherited I.R.A.. If the inheriting persontook a distribution, however, she would not be subject to pay any 10 percenttax for early withdrawal. This special rule applies no matter the age of the inheritor. Contact Us Now:- 💚💚SUBSCRIBE HERE💚💚 Do not miss this VALUABLE INFORMATION. ************** Do not miss the video: **************** #IRS #TaxDebt #TaxAdvisor... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO S

In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about the Checkbook IRA and the possibility of an IRS audit, rolling IRA funds to an IRA LLC, and if the SIMPLE IRA is a good option for small businesses. -- *Question 1 from Barry S in Worcester, MA: Does having a checkbook IRA LLC trigger an IRS audit? *Question 2 from Jeff Z in NM: If I roll money from another IRA to my checkbook control structure – can I roll it directly to the LLC? *Question 3 from Jodi P in Colorado Springs, CO: You don’t talk about the SIMPLE IRA much – what do you think of it as a retirement plan option for a small business? Have a question for Adam? Send it to us! abergman@irafinancial.com -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many