Process of setting up a RothIRA LLC

[Guest JBinKC]

I wanted to know what the process is to form a Roth IRA LLC and how to handle things like a rollover into it. Very little information is available on the net. Can I do it by myself by getting an EIN, what are the annual federal filing requirements for it and can the LLC act as the custodian of the account FBO of my roth IRA. My reason for the information is the prohibitive recurring fees most custodians charge for holding land within an IRA account. Can anyone help or give advice?

[Appleby]

There is little information available on this subject matter because experts on the topic are almost rare. It is highly unlikely that you will get the information you need here or on the WWW. You may want to consider consulting with an ERISA attorney or tax professional competent in that area of tax law

[QDROphile]

See section 408(a)(2) of the Internal Revenue Code and Treas. Reg. section 1.408-2(d) and -2(e). Good luck.