Self-Directed IRAs and Alternative Investments: Prohibited Transactions, RMDs, Valuation Issues, and Correcting Errors
Recording of a 110-minute CPE webinar with Q&A
This webinar will detail self-directed IRA (SDIRA) requirements, including allowable investments, required minimum distributions, valuation issues, and prohibited transactions. Our panel of federal tax experts will review relevant court cases and PLRs and offer advice for correcting past IRA errors.
Outline
- SDIRAs: introduction
- Alternative investments
- Cryptocurrency
- Coins
- Land
- Rental Real Estate
- Promissory Notes
- Private Companies
- Venture Capital/Startups
- Others, with the exception of life insurance, collectibles, and S Corporations
- Valuation issues
- Prohibited transactions
- Required minimum distributions
- Correcting IRA errors
- Court cases and PLRs
- Best practices
Benefits
The panel will review these and other critical issues:
- What types of investments cannot be contributed to an IRA?
- What valuation methods are used to correctly determine the year-end values of alternative investments in IRAs?
- Caveats and considerations of holding real estate in an SDIRA
- Maintaining necessary liquidity in an SDIRA
- What transactions are prohibited for IRAs and SDIRAs?
Faculty
Daniel Gibson, CPA, MST
Partner
Eisner Advisory Group
Mr. Gibson is a Tax Partner, with over 40 years of experience in public accounting, with 35 of those years with... | Read More
Mr. Gibson is a Tax Partner, with over 40 years of experience in public accounting, with 35 of those years with EisnerAmper. He works extensively with individuals and small to medium-sized businesses in a wide range of industries, providing accounting, tax and consulting services. Mr. Gibson's expertise also includes compliance and planning for individuals, corporations and partnerships. He focuses on serving private, closely held businesses ranging from $1M to $100M in gross revenues, in the manufacturing, distribution, real estate and services industries. Mr. Gibson strives to ease clients’ tax compliance and planning burden so that they can continue to grow their businesses and achieve their long-term goals.
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Mat Sorensen
CEO
Directed IRA by Directed Trust Company
Mr. Sorensen serves as CEO of Directed Trust Company, a self-directed IRA custodian with over 20K accounts and... | Read More
Mr. Sorensen serves as CEO of Directed Trust Company, a self-directed IRA custodian with over 20K accounts and $2.5B in assets under administration that are invested into alternative assets such as real estate, private funds (RE, VC, PE, hedge), start-ups/small business, crypto, and precious metals. He is also the author of The Self-Directed IRA Handbook, the most widely used book in the SDIRA industry which has been used by government regulators, professionals, and trade associations for over a decade. Mr. Sorensen previously practiced law at KKOS Lawyers for 19 years and advised trust companies, banks, asset sponsors, and investors on retirement accounts and alternative assets.
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