self-directed IRA LLC transaction reviewer?
Hello,
I am wondering if anyone knows if every IRA LLC needs to have a transaction reviewer? We had a multi member IRA LLC created last year. Now, in addition to the IRA quarterly maintenance and filing fees we keep getting emails stating that we need to pay a yearly fee for them to be our transaction reviewer. The language is weird as well, as the email states: each self-directed IRA LLC is required to have a transaction reviewer, as per article 2 of your LLC Operating Agreement. A Transaction Reviewer can be an attorney, CPA, or accounting firm. Although there is no regulatory requirement that you consult with your Transaction Reviewer periodically, it is nonetheless a regulatory requirement of the structure, and not an option.
Does anyone have any experience with this?
Thanks!