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12 March 2020 | 91 replies
A great tax strategy can save you thousands of dollars a year - and a bad strategy could land you in legal trouble.In order to get the book out in time for this year's tax season, it is currently only available electronically.
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17 June 2020 | 50 replies
If so, do you recommend mechanical or electronic (and why)?
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23 October 2019 | 1 reply
they have to give you their email address to get the freebie book (electronic no publishing costs. seasonal announcements
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27 March 2023 | 11 replies
I told them I'd draft up the new lease & have it ready the beginning of March for them to sign, then I'll scan it and send an electronic copy.March 1st (Wednesday) I leave them the new lease (black mailbox visible in driveway) and text the groupchat that it's ready for them to sign... no response.
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16 August 2017 | 64 replies
Renters have to electronically accept it for any type reservation on VRBO / Homeaway.
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24 February 2017 | 22 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.)
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3 April 2023 | 8 replies
Quote from @Mary Jay: If a notebook and pencil works for you, stick with it.I prefer electronic records and would use a spreadsheet.
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4 April 2023 | 12 replies
Make sure to include: expendable supplies, furnishings, a budget towards linens, electronics, utilities, maintenance, str insurance.
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24 April 2023 | 11 replies
it sounds weird that he mentioned to you completed and filed at the same time.Normally they get completed and you have an opportunity to review the return before it gets filed.My office normally gives clients the option to have the funds electronically debited with my software or I give clients a link to the IRS / state website to make the payment themselves.I also provide vouchers just incase they choose to pay it themselves but not online.One reason, CPA's may not prefer not to offer it through the website is that there can be errors.For example, if you provide banking information but the CPA enters the banking information incorrectly.Or they can forget the box authorizing the funds to be debiting resulting in no payments being taken out.Now, the CPA may be liable to you for this error.Best of luck!
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10 March 2020 | 14 replies
Using electronic rent payment, electronic lease signing, social media, texting, etc.- Pets are getting more common, so fenced yards for dogs are huge.- Millenials require way more validation and praise.