Swanson vs Commissioner

Swanson vs Commissioner

Swanson vs Commissioner

The validity of the Checkbook IRA structure did not come under question since the IRS accepted that investing IRA funds in a wholly owned entity is not a prohibited transaction in the U.S. Tax Court case Swanson V. Commissioner 106 T.C. 76 (1996).

The legitimacy of the Self Directed IRA LLC arrangement is unquestioned as it has been accepted by the U.S. Tax Court in Swanson v. Commissioner and later confirmed by the IRS in Field Service Advice Memorandum 200128011.  Since the Tax Court’s ruling in Swanson and the IRS ‘ issuance of Field Service Advice Memorandum 200128011, the IRS has never re-questioned the validity of the Self Directed IRA LLC arrangement.

Swanson vs Commissioner:

Court ruling

Related Terms:

  • Swanson vs Commissioner
  • Checkbook IRA
  • Self Directed IRA LLC
  • Checkbook IRA Custodian
  • Checkbook IRA LLC
  • setup checkbook IRA