Tax Treatment of Self-Directed Solo 401(k) Loans
How to avoid the taxation of a loan from a Self-Directed Solo 401(k)? If it becomes taxable, how is it treated and how is it reported to...
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Whitney Nash, CPFA
Oct 14, 20201 min
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
Oct 7, 20201 min
4 Key Advantages to Having a Self-Directed Solo 401(k) Instead of a SEP IRA
Which is better, a SEP IRA or a Self-Directed Solo 401(k)? I recently wrote this article for The Daily CPA, an online publication for tax...
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Whitney Nash, CPFA
Sep 30, 20201 min
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 23, 20203 min
What is the Difference Between Designated Roth and Voluntary After-Tax Contributions?
Self-Directed Solo 401(k)s offer two advantageous ways to increase tax-free money in retirement by allowing for designated Roth...
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Whitney Nash, CPFA
Sep 16, 20203 min
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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Whitney Nash, CPFA
Sep 9, 20201 min
How to Determine Worker Classification Status and Why it Matters
When one-person/nonemployer business owners consider the possibility of bringing on their first worker, it is imperative that CPAs and...
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Whitney Nash, CPFA
Sep 2, 20202 min
The time is upon us for an end-of-year tax review, but a retirement savings review too? Absolutely!
As Autumn nears and the end of the year inches closer, many people take a look at their tax situation year-to-date to see what they might...
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Whitney Nash, CPFA
Aug 26, 20202 min
The consequences of making excess salary deferrals and how to correct it
Self-Directed Solo 401(k)s, among other retirement plans, allow the account holder to make salary deferral contributions each year. In...
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Whitney Nash, CPFA
Aug 19, 20201 min
Investment Freedom – Self-Directed Solo 401(k)s allow freedom and control over asset diversification
The Self-Directed Solo 401(k) retirement plan is for eligible investors who want to go beyond the standard investment options that are...
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Whitney Nash, CPFA
Aug 12, 20202 min
Part 2: Taxes Imposed on, and How to Correct, a Prohibited Transaction.
In case you missed it, here is our post from last week: Part 1: What are Prohibited Transactions and Disqualified Persons? The following...
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Whitney Nash, CPFA
Aug 5, 20203 min
Part 1: What are Prohibited Transactions and Disqualified Persons?
Next week's post will be: Part 2: Taxes Imposed on, and How to Correct, a Prohibited Transaction. It can be found here. Many years ago,...
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Whitney Nash, CPFA
Jul 29, 20201 min
Don’t get hit with costly penalties! Form 5500 series filing deadline is this Friday, July 31st!
For Self-Directed Solo 401(k) plans that had $250,000, or more, in assets as of December 31, 2019 and have a plan year-end date of...
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Whitney Nash, CPFA
Jul 22, 20203 min
Failure to file Form 5500 – How to fix the mistake and request penalty relief.
If your Self-Directed Solo 401(k) plan has a cumulative balance of $250,000 or more by the end of the year, you will need to file Form...
135 views0 comments
Whitney Nash, CPFA
Jul 15, 20203 min
What is the Difference Between Designated Roth and Voluntary After-Tax Contributions?
Self-Directed Solo 401(k)s offer two advantageous ways to increase tax-free money in retirement by allowing for designated Roth...
25 views0 comments
Whitney Nash, CPFA
Jul 8, 20203 min
How to Calculate Self-Directed Solo 401(k) Contribution Amounts
The Self-Directed Solo 401(k) allows for pretax contributions to be made two different ways: Salary Deferral and Profit-Sharing. Here is...
68 views0 comments
Whitney Nash, CPFA
Jul 1, 20201 min
4 Key Advantages to Having a Self-Directed Solo 401(k) Instead of a SEP IRA
Which is better, a SEP IRA or a Self-Directed Solo 401(k)? I recently wrote this article for The Daily CPA, an online publication for tax...
27 views0 comments
Whitney Nash, CPFA
Jun 17, 20203 min
Set Up as an S-Corporation and Owned by Partners? Here’s How a Self-Directed Solo 401K Works for You
If you have a business that is organized as an S-corporation (S-corp) and owned by one or more partner(s), or shareholders, you can set...
22 views0 comments
Whitney Nash, CPFA
Jun 10, 20201 min
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...
9 views0 comments
Whitney Nash, CPFA
Jun 3, 20202 min
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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*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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