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
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
Sep 22, 20213 min read
How to Fund a Self-Directed Solo 401(k)
There are several ways to put money into your self-directed solo 401(k) account. It is a great vehicle to consolidate other pre-tax...
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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...
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Whitney Nash, CPFA
Jun 2, 20212 min read
Converting Pretax Self-Directed Solo 401(k) Funds to the Roth Account in 2021 – Items to Consider –
If you are considering converting some or all of your pretax self-directed solo 401k funds to your plan’s designated Roth solo 401k...
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Whitney Nash, CPFA
May 26, 20215 min read
A Guide for Deducting Business Expenses
Running a small business requires a lot of self-education on a number of topics. We know our product or service, but knowing all of the...
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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
Mar 17, 20213 min read
5 Strategies for Increasing Tax-Free Money in Retirement Using a Self-Directed Solo 401(k)
The Daily CPA recently published my article: 5 Strategies for Increasing Tax-Free Money in Retirement Using a Self-Directed Solo 401(k)....
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Whitney Nash, CPFA
Mar 10, 20211 min read
Today’s CPA's March/April Issue Includes a Feature Article by Whitney Nash
The Texas Society of CPA’s bimonthly magazine, Today’s CPA, just released the online version (print to follow in the coming weeks) of...
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Whitney Nash, CPFA
Mar 3, 20212 min read
2020 Self-Directed Solo 401(k) Contribution Deadline has Been Extended for Texas Storm Victims
According to an IRS news release on February 22nd, “[Texas] Victims of winter storms that began February 11, 2021 now have until June 15,...
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Whitney Nash, CPFA
Feb 24, 20216 min read
SEP IRA vs Solo 401(k) - How do they differ?
When it comes to retirement plans for people who (1) earn income from self-employment, and (2) don’t have any full-time W-2 employees...
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Whitney Nash, CPFA
Feb 3, 20213 min read
Case Study – How one person reduced their tax liability by 43%!
There’s still time to save/defer your tax liability for 2020. Here’s a case study as an example of how a self directed solo 401k can help...
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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
Jan 20, 20212 min read
Unrelated Business Income Tax (UBIT/UBTI) as Related to Self Directed Solo 401ks and IRAs
UBIT applies to both IRAs & Solo 401k plans. Since IRAs and Solo 401ks are tax-deferred retirement accounts, they are not subject to...
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Whitney Nash, CPFA
Dec 16, 20201 min read
Self-Directed Solo 401(k)s - The Business Deduction That Keeps on Giving
Business owners and people with 1099 income are always looking for deductions to help off-set their income tax liability. One of the best...
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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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