Using retirement funds to purchase a franchise can be valuable to business owners looking for a way to fund their growth. However, it is critical to understand which transactions the Internal Revenue Service (IRS) allows and which it does not. Because of two recent...
IRA prohibited transaction in self-directed IRA issue is significantly different than the Benetrends ROBS qualified plans. In the U.S. Tax Court case, Peek vs. Commissioner, 140 T.C. No. 12 (May 9, 2013), the court ruled that two taxpayers engaged in a...
Using retirement funds to purchase a franchise can be valuable to business owners looking for a way to fund their growth. However, it is critical to understand which transactions the Internal Revenue Service (IRS) allows and which it does not. Because of two recent...
IRA prohibited transaction in self-directed IRA issue is significantly different than the Benetrends ROBS qualified plans. In the U.S. Tax Court case, Peek vs. Commissioner, 140 T.C. No. 12 (May 9, 2013), the court ruled that two taxpayers engaged in a...