Does using a Self-Directed IRA increase my risk of an IRS audit?
Not inherently. However, because Self-Directed IRAs allow for non-traditional assets like real estate and private lending, the IRS may look more closely at compliance issues like prohibited transactions or improper valuation.
To stay compliant, always:
- Work with a knowledgeable administrator like Mountain West IRA
- Avoid personal use of IRA-owned assets or other prohibited transactions
- Keep transactions at arm’s length
- Consult a CPA or tax advisor before making major moves
Setup your ultimate Retirement Machine!
Mountain West IRA offer a variety of retirement plans for individuals and small business owners.
Building wealth can be difficult, but our knowledgeable staff is dedicated to serving as your primary source for financial education, enabling you to make informed self-directed asset purchasing decisions.
