How long does the IRS have to audit IRAs?


Generally, the IRS has three years to audit your Solo 401(k) plan from the time you file IRS Form 5500-EZ. However, unless you have $250,000 worth of assets in the plan, you don’t need to file a 5500. Can the IRS audit your plan at anytime in this scenario? Adam Bergman explains.

Check out our Solo 401(k) plan options: https://www.irafinancialgroup.com/solo-401k-product/

Learn more about IRS Form 5500: https://www.irafinancialgroup.com/learn-more/solo-401k/administering-the-solo-401k-plan-the-irs-form-5500-ez/

Discover more videos by IRA Financial: https://www.youtube.com/user/IRAFinancialGroup/videos?view_as=subscriber

Subscribe to our channel: https://www.youtube.com/user/IRAFinancialGroup?sub_confirmation=1

About IRA Financial:

IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

Learn More: https://www.irafinancialgroup.com/about-us/

#Solo401k #401k #Audit #IRSAudit #Solo401kRules #Form5500 #Solo401kAudiit #Taxes #Retirement #Investing #AdamBergman #IRAFinancial

Creating Wealth Secrets – What Does Retirement Look Like To You?

Let’s put aside the idea of creating wealth for a minute. First of all, why do people work in the first place? In order to be able to provide food, shelter, transportation, maybe a few comforts if nothing else for themselves and their family, right – and so that someday they hopefully won’t have to work any longer and can live off “the fruit of their labor” in retirement?

Is Kiyosaki Now Against Gold Investing And Silver Investing? Creating Wealth With Kiyosaki

For the last ten years or so, Robert Kiyosaki, a strong advocate for creating wealth, had been stressing the importance of gold investing or silver investing and the need for owning physical bullion. However, in the last many months or so, he seemed to have “gone off” gold and silver; if nothing else he seemingly stopped promoting it. I found this interesting as the fundamentals for investing in silver or investing in gold had not changed, if anything they had gotten better: the Fed has continued to print money while our national debt continues to expand with…

Become Wealthy – 7 Practical Things You Can Do to Increase Wealth

If wealth could be served on a plate, the majority of people would order a very generous helping and request seconds. While so many people desire wealth, the fact is that the majority of people are either poor or live continuously from paycheck to paycheck and never become wealthy. Learn seven (7) practical things you can do to become wealthy and enjoy the life you deserve.

Creating Wealth Secrets – How To Use Leverage For Great Results and Better Returns

Here’s one of the best creating wealth secrets out there – using leverage to create better results and returns. Today, the internet allows for the automation of so many aspects of a business, such as the repetitive tasks that don’t require any new thinking but simply need doing (to complete a sales process from start to finish, for example), allowing you to dramatically leverage your time. To further illustrate this point, let’s say you were selling widgets online.

Gold, Now Affordable To The Masses: A Real Review Of KB Gold

Have you thought about adding gold to your investments? 99% of all financial advisers suggest having 5-20% of your investments in gold. However at over $1500 an oz., the average person has been left wanting, until now. A 16 year old debt free international company called KB Vision has just opened in the US, and is offering pure gold in smaller more affordable amounts to the tune of $73 per gold gram bar. This article give the details on this revolutionary ideal.

You May Also Like