This course is designed for tax professionals who have one-person business owner, or 1099 independent contractor, clients. It will provide a detailed introduction to Self-Directed Solo 401(k) retirement plans so that you can: recognize when a client might benefit from adopting a plan, gain solid background knowledge to answer their most common questions and learn about important information regarding applicable tax implications and filing requirements. As your clients’ most trusted advisor, they come to you asking for ways to reduce their income tax liability. Advising your clients on the strategy of implementing a retirement plan, such as a Self-Directed Solo 401(k), might be one of the best, most cost-effective and tax-efficient optimization strategies available for them.

Learning Objectives:

• Gain an understanding of the Self-Directed Solo 401(k)’s eligibility requirements, contribution limits, investment options, features and provisions.


• Discover tax-planning opportunities that can help your clients have a tax-efficient and compliant savings strategy for today and in retirement.


• Learn the pitfalls that could result in adverse tax consequences and penalties.


• Obtain important tax filing information and learn about the reporting requirements for the plan.