Employee Benefits Blog

Posts tagged Prohibited transactions

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Recent Tax Court Case Highlights Risk of Prohibited Transactions in IRAs

Last year, we posted about alternative investments, including active closely-held businesses, within individual retirement accounts (IRAs).  A recent United States Tax Court case, Peek and Fleck v. Commissioner, involved an investment in a closely-held business and illustrates the risk of running afoul of the strict rules governing prohibited transactions with IRAs.