Ira Hough [SEP] conflict
Ira Hough
Ira Hough (July 2, 1842 – October 18, 1916) was a Union Army soldier during the American Civil War. He received the Medal of Honor for gallantry when he captured an enemy flag during the Battle of Cedar Creek fought near Middletown, Virginia on October 19, 1864. The battle was the decisive engagement of Major General Philip Sheridan's Valley Campaigns of 1864 and was the largest battle fought in the Shenandoah Valley.
Hough joined the army from Middletown, Indiana in May 1864, and was
owner's beneficiary, or any other disqualified persons, as defined under Internal Revenue Code Section 4975.
In essence, IRA prohibited transactions are transactions that Congress has deemed inappropriate between IRAs and certain people associated with those IRAs. The IRS prohibited transaction rules apply to all Individual Retirement Accounts, such as Traditional IRA, Roth IRA as well as SEP plans and SIMPLE IRA plans. These rules are generally designed to prevent self-dealing or conflict of interest transactions, which are transactions that directly or indirectly benefit the IRA holder or