
13 January 2017 | 10 replies
If you accepted a Partial Payment, you were stuck waiting for the next month on the sixth to serve them with another Notice.

13 January 2017 | 1 reply
Looking for potential property management companies that serve the Butler County area (Middletown).In the range of 2-8 properties depending on the companies ability/services/reputation and cost structure Properties are most likely considered C and below I won't contact anybody for a few days to accumulate responses (hopefully)Thank you for your time!

17 January 2017 | 7 replies
The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
1 February 2017 | 19 replies
Thanks for serving our great country!

26 January 2017 | 16 replies
If you did end up in court you would be best served to do so after you have re-rented the unit so you know the loss you had between them leaving and finding someone new.

13 January 2017 | 0 replies
Hi BP, Can anyone recommend a CPA serving Westchester County NY?

19 January 2017 | 11 replies
I appreciate your healthcare philosophy and know that it will serve you and your clients well.

14 January 2017 | 2 replies
So after I close on the property I serve them notice?

16 January 2017 | 7 replies
That will serve you well over the years of paying the mortgage down and having it rented out.

3 June 2016 | 3 replies
Interested in learning more about real estate and possibly serve as an intern part-time after work!