Self-Directed Solo 401(k) Loan Rules and Regulations - Part 2
In Part 2 we will address repayment and tax considerations. See Part 1 for general information about solo 401(k) loans. How to avoid the...
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Whitney Nash, CPFA
Nov 10, 20214 min read
The IRS has Announced the 2022 Contribution & Benefit Limits
As a member of the National Association of Plan Advisors (NAPA), I received this article from them which explains the new (and past)...
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Whitney Nash, CPFA
Nov 3, 20212 min read
Self-Directed Solo 401(k) Loan Rules and Regulations - Part 1
Assuming the self-directed solo 401(k) plan contains loan provisions that allow for participant loans, as Nashional Self-Directed’s plan...
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Whitney Nash, CPFA
Oct 27, 20213 min read
Fix-It Guide - You Haven't Filed Form 5500 this Year for Your Solo 401(k)
The IRS provides a a fix-it guide for those who didn't file a Form 5500 this year which is outlined below, and can be found on their...
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Whitney Nash, CPFA
Oct 20, 20211 min read
Self-Directed Solo 401(k) Basics Explained with Examples in Today’s CPA's March/April 2021 Issue
Complete with info graphics and a real-life case study, the article below provides the most relevant information needed to understand...
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Whitney Nash, CPFA
Oct 6, 20212 min read
How to reconcile incorrectly coded 1099-R’s for your Self-Directed Solo 401(k).
Since self-directed solo 401(k)s allow for after-tax contributions that accrue tax-deferred gains/earnings, reporting issues for...
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Whitney Nash, CPFA
Aug 11, 20214 min read
Hardship Distribution Rules for Self-Directed Solo 401(k)s
"According to the following article from the IRS, although not required, a retirement plan may allow participants to receive hardship...
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Whitney Nash, CPFA
Aug 4, 20216 min read
IRS Guide to Required Minimum Distributions (RMDs) from your Retirement Account(s)
As found on the IRS's website: Retirement Topics — Required Minimum Distributions (RMDs) | Internal Revenue Service (irs.gov): "You...
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Whitney Nash, CPFA
Jul 21, 20213 min read
A Guide for Form 5500 - Due July 31st!
Stiff penalties may be assessed if you fail to file Form 5500 for your self-directed solo 401(k) on time. Here is a guide for determining...
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Whitney Nash, CPFA
Jun 16, 20213 min read
Form 5500 Filing - What values are needed to determine if the $250k threshold has been met?
When determining whether or not you must file From 5500 by July 31st (for plans with a December 31st year-end), it is important to know...
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Whitney Nash, CPFA
Jun 9, 20213 min read
Form 990-T Filing Requirements When UBIT is Generated in a Self-Directed Solo 401(k)
Generally speaking, only income generated from an active trade or business, such as a retail store, via a pass-through entity, like an...
171 views0 comments
Whitney Nash, CPFA
May 19, 20212 min read
The exclusive benefit rule as it applies to self-directed solo 401(k)s
When considering the type of investments that you want and how they will be used in your self-directed solo 401(k) certain rules must be...
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Whitney Nash, CPFA
Apr 28, 20212 min read
Guidelines for Filing Form 5500 – Due 7/31 for 12/31 plan year-ends
Form 5500 is due July 31st for plans that have a December 31st year-end and $250,000 or more in plan (not account) assets as of 12/31 for...
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Whitney Nash, CPFA
Mar 31, 20212 min read
Can husband and wife accounts under the same solo 401(k) plan invest real estate together?
Since a self-directed solo 401(k) plan is for owner-only businesses, we frequently see husband and wife-owned businesses sponsor the plan...
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Whitney Nash, CPFA
Mar 24, 20213 min read
How to calculate, and record, your solo 401(k) contribution deduction on your 2020 tax return.
Here is calculation and recording guidance from IRS Publication 560, updated for 2020, for people who are contributing to their self...
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Whitney Nash, CPFA
Jan 27, 20212 min read
How to Maintain Good Money-Tracking Habits for your Self-Directed Solo 401(k)
One of the key benefits to adopting a self directed solo 401k is having complete control over the plan investments and assets as the plan...
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Whitney Nash, CPFA
Nov 18, 20203 min read
How Controlled Group Rules Affect Eligibility for Self-Directed Solo 401(k) Plans
As explained in previous posts and in this video, people who earn self-employment income as independent contractors and business owners...
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Whitney Nash, CPFA
Oct 14, 20201 min read
Can a Husband and Wife Combine their Retirement Funds into One Self-Directed Solo 401(k) Account?
To properly answer this question, let me first explain the difference between a Self-Directed Solo 401(k) Plan and a Self-Directed Solo...
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Whitney Nash, CPFA
Sep 30, 20201 min read
What is “earned income” that does NOT qualify as “self-employment” income for Self-Directed Solo K?
For purposes of qualifying to adopt and contribute to a Self-Directed Solo 401(k), you must have earned income from self-employment. But...
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Whitney Nash, CPFA
Sep 16, 20203 min read
Timing is Everything!
When does a Self-Directed Solo 401(k) need to be established to contribute for 2020? The timing matters for maximum tax-deferral.
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*Our Blog and Video posts are for informational purposes only. You should always do your own research, due diligence and consult with the appropriately licensed or certified professional before taking any action. At Nashional Self-Directed we are not CPAs, Attorneys, or Investment Advisors. If tax, accounting, legal or investment advice is needed, the appropriately licensed or certified professionals should be consulted.
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