Checkbook IRA – Checkbook LLC – Whatever You Call It – There’s Trouble Ahead
A recent case has shed light on one of the riskiest retirement plan strategies put forth by promoters. In McNulty v. Commissioner (157 T.C. 10) a U.S. Tax Court brought clarity to the scheme of using self-directed IRAs for personal investments. Read this special report from Garrett Sutton at Corporate Direct to discover why if you have a checkbook IRA or LLC, you may want to speak with your lawyer immediately.