IRS Making Moves to Lock YOUR Investments?

So it appears that the IRS has made a new rule about Limited Liability Corporations (LLCs) to limit your options to shift your savings/investment dollars overseas. If this signaling the beginning of the federal government working to get tighter control of YOUR money to suit its own ends? This is not unprecedented, and any claims of “but this can’t happen here” I’d offer is naive. You be the judge. Via ZeroHedge: One of the best solutions over the past few years, particularly for IRA account holders, was to set up a special type of self-directed IRA. In this structure, your IRA exclusively owns a domestic LLC, and you as the IRA account holder become the manager of the LLC. This gives you the authority to directly manage your retirement funds, allowing you a lot of flexibility to ship your savings overseas, invest in foreign real estate, etc.



via B4IN Top 50 Stories http://b4in.com/hgR