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What Special Considerations for Roth IRAs must be considered?

April 26, 2017considerations IRAs Roth special

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What Special Considerations for Roth IRAs must be considered?

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Transactions between a business of which a Roth IRA (or Roth IRAs of related persons) owns substantially all the interests and the IRA holder or related persons may be “listed transactions” which may need to be reported to the IRS. The fact that the transaction is “listed” or must be reported does not mean it is prohibited. Please see IRS Notice 2004-8 or consult one of the tax attorneys at Stephen Counts, PC for further details.