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29 January 2020 | 27 replies
How much excess cash does your job generate for you, per month?
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24 February 2020 | 7 replies
Consumer debt to income ratio can be a problem, as can excessive student loans.
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24 February 2020 | 3 replies
The structure incurred "substantial structural damage" which triggered code upgrade requirements which rendered repairs in excess of the insurance policy, which rendered it a constructive total loss.
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6 April 2020 | 10 replies
In CA, you can only deduct expenses in excess of normal wear and tear.
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24 February 2020 | 0 replies
Paid the down payment with excess savings How did you add value to the deal?
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2 March 2020 | 14 replies
Originally posted by @Dillon Dale:@Chris Park require a one time pet fee, pet deposit, and pet rentDillon, do you think this is excessive?
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21 January 2022 | 102 replies
This was a decent size project, but it took 3+ months which seems much too excessive.
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7 March 2020 | 3 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
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2 March 2020 | 3 replies
I personally think a series LLC is excessive but it’s all about how risk tolerant you are.Also having a llc for a property management company might just complicate things unless you have a decent size portfolio and are charging overhead and profit on repairs.As far as taking distributions, whether you take a distribution from one LLC or the other shouldn’t matter, but I’m an accountant so it’s easy for me to track.That said, from my understanding having a series llc like that really puts an emphasis on separate financial statements which it may be easier to structure distributions from one entity if you don’t have an accounting background.Either way, taxes don’t sound fun lol.
13 March 2020 | 8 replies
Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding return are left in the account.