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20 October 2023 | 6 replies
@Clay White If you can find nice ones used that’s great but I get the kind of mid-grade models with NO ELECTRONIC components from the box stores.
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7 November 2016 | 8 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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18 January 2024 | 5 replies
I use Zelle to collect rents each month electronically and it works very well.
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10 April 2023 | 5 replies
Electronic payments can be reversed at anytime for many months after receiving it.
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18 January 2024 | 7 replies
Electronically, or are you having them deposit directly, i.e. walking into the branch?
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11 September 2020 | 3 replies
Is there any good options for electronic lease agreement signing?
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10 February 2019 | 5 replies
For more electronically savvy, there is Zelle, Cozy, and many others.
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8 January 2015 | 5 replies
The ability to electronically sign really comes in handy with situations like this.
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4 October 2023 | 4 replies
I have a clause that says that "Use of Electronic Means; Notice.
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29 January 2024 | 5 replies
I am looking to buy those forms instead of the paper copies as I do electronic leases.