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...

As a member of the National Association of Plan Advisors (NAPA), I received this article from them which explains the new (and past)...

Complete with info graphics and a real-life case study, the article below provides the most relevant information needed to understand...

Since self-directed solo 401(k)s allow for after-tax contributions that accrue tax-deferred gains/earnings, reporting issues for...

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...

As found on the IRS's website: Retirement Topics — Required Minimum Distributions (RMDs) | Internal Revenue Service (irs.gov): "You...

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...

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...

Generally speaking, only income generated from an active trade or business, such as a retail store, via a pass-through entity, like an...

If you are considering converting some or all of your pretax self-directed solo 401k funds to your plan’s designated Roth solo 401k...

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...

Here is calculation and recording guidance from IRS Publication 560, updated for 2020, for people who are contributing to their self...

The Daily CPA recently published my article: 5 Strategies for Increasing Tax-Free Money in Retirement Using a Self-Directed Solo 401(k)....

The Texas Society of CPA’s bimonthly magazine, Today’s CPA, just released the online version (print to follow in the coming weeks) of...

According to an IRS news release on February 22nd, “[Texas] Victims of winter storms that began February 11, 2021 now have until June 15,...

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...

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...

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...

UBIT applies to both IRAs & Solo 401k plans. Since IRAs and Solo 401ks are tax-deferred retirement accounts, they are not subject to...

Business owners and people with 1099 income are always looking for deductions to help off-set their income tax liability. One of the best...