In the first lecture of this four-lecture retirement plan tax law series, Retirement Plan Management and Investment Risk Diversification Standards, we learned the retirement plan (self-dealing activity, incidental benefit) bright line was quantified and defined by public policy's management and investment risk diversification standards. Such retirement plan risk diversification policy compliance results in transforming generally proscribed Sections 4975(c)(1)(D), (E), or (F) prohibited transaction self-dealing activities into incidental benefits. In the third lecture of this four-lecture retirement plan tax law series, Prohibited Transaction Chinese Walls, we learned eviscerating the self-dealing activity nexus plan asset element by and through properly invoking plan asset rule exceptions enables transforming specifically proscribed Sections 4975(c)(1)(A), (B), or (C) prohibited transaction self-dealing activities into incidental benefits. This lecture applies those retirement plan tax law fundamental concepts in teaching problematic self-directed retirement plan activities. Problematic activities currently pervasive across the nation generally include retirement plan management and investment risk diversification policy noncompliance, the lack of properly using Prohibited Transaction Chinese Walls, and specifically include the use of disqualified person entity Checkbook LLCs, self-directed retirement plan indirect operating company investments, unremunerated account holder non-administrative services, and unreported real estate dealer activity Section 512 unrelated business taxable income.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected].