20 December 2018 | 3 replies
I am JUST now finding out that its federal law to do so.

21 December 2018 | 6 replies
"Beginning in January, Jerome Powell (Chairman of the Federal Reserve) plans to appear before the public after every FOMC meeting."

23 December 2018 | 4 replies
But a local title company may be able to steer you to a local only QI.Since 1031 is a federal statute the actual location isn't as important as the demonstrated experience and actual customer experience folks have with the QI.

12 March 2019 | 6 replies
@Joyce Ong I used Beth Page Federal Credit Union.

23 December 2018 | 10 replies
Plus, interest income is taxed at ordinary income rates.If your dad lives in a high tax state like New York, his combined federal and state marginal tax rate could easily be 40% or more.

26 December 2018 | 4 replies
Especially interested in smoking oaks, the neighborhood east of union between independence and federal, and anything fairly close to OBU.

27 December 2018 | 4 replies
Typically governmental liens do NOT get wiped out.....city liens, IRS liens, federal terrorism liens.Maybe you can negotiate them first....before you buy.

24 December 2018 | 70 replies
I'd advise buying well valued stocks now and holding out for another year possibly longer for the real fire sale.I have seen zero indication of a Powell put, unlike Bernanke, Greenspan and Yellen who all felt that the Federal reserve should be the stock market hero.

27 December 2018 | 13 replies
@Rupert GrantFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m)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 (checkbook IRA) 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 2018, the solo 401k contribution limit is $55,000, 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.)

27 January 2019 | 17 replies
CMHA (administrator of Cleveland Section 8) sent out this notification on yesterday:Dear Landlord,As you may know, there has been a partial shutdown of the Federal government.