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Advising Self-Directed IRA Clients: Case Updates

Production Date: September 05, 2014 Practice Areas: Wills, Trusts, & Estates Estimated Length: 7207 minutes

Recent developments in tax law focus on three major tax cases pivotal to self-directed IRAs: 

  • Peek and Fleck v. Commissioner
  • Ellis v. Commissioner
  • Gist v. Commissioner

The first two opinions discuss the important issues pertaining to reporting hard to value assets while the 2014 opinion discusses the new reporting requirements in 2014. Join attorney Frank Selden as he analyzes these cases and provides case studies to highlight the primary issues involved in self-managing one’s qualified funds through an IRA. This course reveals the latest pitfalls that both attorneys and CPAs must know to properly counsel clients with SDIRAs.


Learning Objectives:

I.    Identify key issues in the Peek, Ellis and Gist cases

II.   Understand prohibited transactions and effectively avoid them

III.  Recognize incomes taxable to IRAs and report them

IV.  Know the new reporting requirements beginning with reports for 2014




Paul G.
Portland, OR


Susan B.
utica, NY

giving the worst case scenarios was a neat approach and very illuminating

Cellestine A.
Tacoma, WA

it was interesting

Matthew P.
Bellingham, WA

It was brief and correctr. Good Job!

Dwight B.
Flatwoods, KY


Chukwuka O.
Houston, TX

Great class!

arthur s.
renton, WA

saved me from making mistakes in this area of law.

Clayton T.
Menlo Park, CA

Good one

Christine H.
Colonial Heights, VA

good work on dry subject.

Daniel S.
Gainesville, TX

Great presentation

James P.
Natural Bridge Station, VA

This speaker was topnotch. (And His shirt nicely balanced his reserved approach.)

Marilyn M.
Tomball, TX

It was an informative seminar

Kristina U.
King George, VA

Thanks for the education!

Dorothy H.
Cape Coral, FL

A very difficult content made understandable. Thank you

Michael C M.


Susan S.
Carrollton, TX

He was excellent.

Stephen C.
Houston, TX

not really my area but still very informative

Daniel U.
Pleasanton, TX

Great topic

Wendy H.
Seattle, WA

Good seminar, good questions at the end

Amy K.
Austin, TX

Best yet!

Troy F.
Bellevue, WA

As with prior work this presenter has done, I've been quite pleased with this presentation. Well done.

R J W.
Richmond, VA

Great presentation.

Wendy Y.
Las Vegas, NV


Joshua C.
Limestone, TN

Excellent course. Lots of good information on current state of the law and things to prepare for for next year.

Allan S.
San Antonio, TX

One of the best LawLine courses ever.

Pamela W.
Victor, NY

Great presentation.

Daniel B.
Glenview, IL

Very good coverage

Virginia E.
Henrico, VA

A well-prepared presentation and thorough presenter.

Brenda J. G.
Henrico, VA

Interesting subject matter and excellent presentation.

Barry G.
Springfield, VA

Great presentation for someone with or without a tax background. I enjoyed it thoroughly.