Increased IRS Scrutiny? We Can Handle It!

Published on February 14, 2017

At Next Generation Trust Services, we want to protect the tax-advantaged status of your account. IRAs holding non-traditional assets are being placed under increased scrutiny by the IRS because of the higher likelihood that a prohibited transaction will take place and/or proper vales will not be reported. Because of the increased scrutiny from the IRS, we will be requiring more documentation for transactions.

In order to ensure that each client receives top notch service, we have a two to five
business day review period for all transactions. Our review period reflects the amount of transactions in our queue as well as the complexity of your investment. By taking this time to review your investments thoroughly we ensure that it is administratively feasible to hold your asset.

We also like to ensure that investments are set up for success.  Moving forward the following transaction types have increased requirements:

Investing in an IRA LLC will require an ERISA attorney to set up the operating agreement. It may also become required that an ERISA attorney or a CPA review all of the transactions that occur within the LLC. The increased review of single member LLCs is to help retain the tax advantaged status of your account.

Lending funds from your IRA in the form of an Unsecured Promissory Note will require a loan application from the borrower to submit to the lender (your IRA). A copy of the loan application will remain on file.

We take great pride in our customer service, and want to ensure our clients receive the best possible care. Our entire staff is cross trained so that if one associate is unavailable, another can assist you without delay. We have also added new email addresses so you can email your inquiries to us.  Rest assured that you will be answered within 24 hours.

For transaction related questions or documents, please email

For questions about assets or Fair Market Values, please email

For questions about accounts and online access, please email

For questions about billing, please email

For general inquiries, please email