We don't know the IRA Financial Group however they sent us this press release (advertisemet). We publish it only because we feel it illustrates the trend of Providing Tax Consulting/Planning services to individuals who are self-managing their investments. [Following is the Press Release]. The IRA Financial Group, the leading facilitator of self-directed IRAs with checkbook control has launched a new attorney tax consultation services called “Attorney Direct” aimed specifically for the self-directed IRA investor. With the increase popularity in using a self directed IRA to make investments, such as real estate, an increasing number of individuals with retirement funds have been seeking expert tax consultation on the IRS rules surrounding the use of retirement funds to make non-traditional investments, such as real estate in the most tax efficient manner. As a result, the IRA Financial Group has designed an attorney tax consultation service specifically for the self-directed IRA investor. “ When making a non-traditional investments with retirement funds, we at the IRA Financial Group believe it is crucial that all our clients are able to consult directly with a tax attorney, “ stated Adam Bergman, a tax attorney with the IRA Financial Group. “Because a self directed IRA investment requires the understanding of various tax rules which are based off the Internal Revenue Code and tax court cased, it is imperative that each of our clients is able to work directly with a tax attorney,” stated Mr. Bergman.
When it comes to making investments using a self directed IRA, the Internal Revenue Code does not describe what a self directed IRA could invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of qualified retirement plans for accumulation of retirement savings and to prohibit those in control of self directed from taking advantage of the tax benefits for their personal account. “Our tax consultation service is predicated on working with the client to structure the most tax efficient self directed IRA transaction,” stated Maria Ritsi, a senior paralegal with the IRA Financial Group.
Clients of the IRA Financial Group will be automatically enrolled in our “Attorney Direct” self directed IRA tax consultation service. Each client will have direct and unlimited access to our in-house tax and ERISA attorneys. Each client of the IRA Financial Group is assigned a tax attorney in order to ensure that the self directed IRA transaction is established is in compliance with IRS rules. “Our clients have worked hard their whole life for their retirement funds and we are dedicated to offering individualized tax consultation regarding the IRS prohibited transaction rules”, stated Maria Ritsi of the IRA Financial Group.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!
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