You must submit IRS Form 5500-EZ if your Solo 401(k) plan asset exceeds $250,000. IRA Financial Group explains reporting requirements and instructions.
The Solo 401(k) rules must be adhered to in order to maintain your plan and stay IRS compliant so you maintain the freedom to invest in almost anything.
The Internal Revenue Code (IRC) & ERISA does not describe what a Solo 401(k) Plan can invest in, only what it cannot invest in. Internal
Generally, the new Corporate Transparency Act (CTA) will not affect your Solo 401(k), unless you utilize the Checkbook LLC structure, in which case, a BOI must be reported.
Unrelated Business Taxable Income or UBTI is defined as gross income from any unrelated trade or business regularly carried on by it.
Learn the possible 401(k) rollover mistakes that you can make when deciding to move old 401(k) funds into a new retirement plan.
The IRS has pushed back a major SECURE Act 2.0 provision that would require high earners to make catch-up contributions in Roth until 2026.
The majority of investments you make with a Solo 401(k) plan will not be subject to tax. This is the beauty of investing in a
In Mauldin v. Comr. 195 F.2d 714 (10th Cir. 1952), the court explained that there is no fixed formula or rule of thumb for determining
As you get closer to retirement age, you need to be mindful of the required minimum distribution (RMD) rules so you are withdrawing the required amount once you reach age 73.
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1-800-472-1043, Ext. 5258
IRA Financial Group
5109 S Broadband Lane
Sioux Falls, SD 57108-2208
