Why a Non-Compliant, Self-Directed IRA Procedure Didn’t Result in Distribution
Nov 3, 2016
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By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
Failure to follow an IRA custodian’s procedures for self-directed investments in IRAs could lead to loss of tax deferral for those investments. The IRS and Tax Court reviewed one such case, and the outcome was ultimately favorable for the IRA owner. But use these tips to avoid a similar client situation in the first place.