Tax Resolution Attorney John P. Willis Reveals IRS Scrutiny of Business Start-ups Funded by 401(k)
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR.com warns that despite the fact that using a self-directed IRA or 401(k) to fund a business start-up is legal, the IRS is now deciding to scrutinize those businesses.
Fairhope, AL, October 29, 2015: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently posted a new blog on his website entitled ” has posted a new blog on his website entitled “Funding Your Business with Your IRA is Legal yet Under IRS Scrutiny.” Anyone who has ever started a business knows, as Mr. Willis points out, that getting funding is the most difficult part.
Willis writes, “It is common knowledge that starting a business requires start-up funds and that sufficient funding is one of the things that holds most people back.” He continues adding, “While many people are unaware of the ability to use a Self-directed IRA or 401(k) to start a business it is a legal option.”
In addition, Wills writes, “If you’ve used your IRA or 401(k) to start your business, you may want to pay attention this upcoming tax season and/or ask your tax preparer to fill you in on the details of the transaction that have attracted the attention of the IRS.”
The entire blog can be read at http://www.irsallstar.com/blog/funding-your-business-with-your-ira-is-legal-yet-under-irs-scrutiny.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 15 years and he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.