Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New Investing Tip

Re:Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New I... by garmaine on Monday July 05, 2021 @11:05PM (#27743872)

Buying even one founder share in your startup is self-dealing and a prohibited. The penalty is the whole account loses tax advantaged status, not a measly $2000.

But tax details are private and between Thiel and the IRS.

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Re:Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New I... by vmception on Monday July 05, 2021 @11:14PM (#27743914)

There is alot of flexibility in avoiding the loss of tax advantage status, which is why I point out the other penalties

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Re:Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New I... by garmaine on Tuesday July 06, 2021 @04:00AM (#27745358)

Not according to the legal advice I received when I founded my company and attempted the Thiel trick.

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Re:Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New I... by vmception on Tuesday July 06, 2021 @08:22AM (#27747480)

Then you should have had your lawyer present case studies and real world examples of consequences and let that help you synthesize the outcome you wanted to follow

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Re:Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New I... by garmaine on Tuesday July 06, 2021 @02:00PM (#27752080)

Are you a tax lawyer?

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