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The IRS and Rollovers as Business Startups (ROBS)

Why should you use Longboat Retirement Solutions to setup a Self- Directed IRA LLC, or Solo 401k instead of some of the other companies out there?

Many of the other companies promote a strategy of ROBS. If you are a client of a company promoting ROBS, you may be a target for IRS audits.

Best case audit scenario: After months or years of being audited, you are finally cleared. Your assets might be frozen during that time, and you may incur tens of thousands of dollars in attorney fees to defend yourself.

Worst case scenario: If you used the ROBS strategy yourself with, say a couple hundred thousand dollars, you could incur MILLIONS of dollars in taxes. The tax penalties are severe.

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