Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $10,648
13%  
Woo hoo!! And now only $692 to reach 14%!! Thank you all very much!! God bless.

Keyword: louiselerner

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  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    12/03/2021 7:20:05 AM PST · by DUMBGRUNT · 93 replies
    Wsj ^ | 3 Dec 2021 | Laura Saunders
    According to the decision, the couple in 2015 began moving nearly $750,000 of existing retirement-plan funds, including from a MetLife annuity and 401(k), into self-directed IRAs. Then they had the IRAs purchase shares in limited-liability companies that in turn invested about $730,000 in a condominium plus gold and silver American Eagle coins. ...That left two issues for Tax Court Judge Joseph Robert Goeke to decide: whether Donna McNulty’s storage of about $411,000 of gold and silver American Eagle coins in a safe at her home was permitted under the law, and whether the couple owed stiff penalties for understating their...