Benetrends Blog

ROBS are NOT Self-Directed IRAs: Why its Important to Know the Difference

[fa icon="calendar'] Jun 30, 2015 12:00:00 AM / by Benetrends posted in ROBS, Peek Vs. Commissioner, self-directed IRA, Ellis vs. Commissioner

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There is little wonder why some small business owners are concerned when reading headlines such as: Unfortunately, the articles are misleading and are causing undue fear and concern, often where none is warranted. The articles are addressing two Tax Court cases (Peek and Ellis) that deal with the misuse of Self Directed IRA’s and do not pertain to “Rollover as Business Startups” (ROBS) arrangements. Benetrends’ founder and Chairman Len Fischer, the architect of ROBS arrangements, states, “The rules are very different for self-directed IRAs. The ROBS community is not affected by (the) court decision(s).”

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Recent Self Directed IRA Tax Court Case Peek Vs. Commissioner, 140 T.C. No. 12 (May 9, 2013)

[fa icon="calendar'] Jan 12, 2014 12:00:00 AM / by Benetrends posted in General, Peek Vs. Commissioner, self-directed IRA

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IRA prohibited transaction in self-directed IRA issue is significantly different than the Benetrends ROBS qualified plans.


This case emphasizes the importance of using experienced professionals to assure that the process is compliant.

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