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Results (5,820+)
Eamon Conheady LLC: Physical Address and Bank Account in state of filing
21 October 2016 | 2 replies
From my experience with using LegalZoom, you can sign up for the registered agent service and electronically receive correspondence through them.  
Sal Souza Investing inside solo 401k plan vs. self directed IRA
16 February 2018 | 4 replies
However federal and state taxes will apply.Following 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 (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 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.)
Kevin Wann Best landlord software management & book keeping
30 October 2022 | 6 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
John Elerick Launched our First STR!
24 September 2022 | 8 replies
You can get an electronic lock that you can change the codes remotely (Schlage Encode or the like) and have your cleaner available to handle issues once you find them.I would chat with a CPA.
Account Closed ​WHAT IS THE BEST PROPERTY MANAGEMENT SOFTWARE
19 June 2015 | 9 replies
The key functions of software comprises of accepting the payments, plus recording income as well as expenses, the tracking of property repair with maintenance expenses and producing the financial statement on the monthly basis.2.BANKING INTEGRATION - Through automatically connecting the property managing software to the property company’s accounts of the bank, electronic payments may instantly applied to the accounting records in the software system.
DJ Cummins rent collection day!!!..but i am tired of face-to-face collection
8 September 2015 | 25 replies
So i really enjoy getting to collect rent from my tenants(four of them), but it would be nice if I could get it set up electronically.
Jaren Woeppel Getting rid of my property management company
3 January 2016 | 4 replies
My leases require tenants either deposit directly into my account or use one of two different electronic services.
John Korn Ever give tenant stipend to buy Appliance themselves
16 December 2016 | 17 replies
If its a basic fridge (nothing with all that fancy electronics), a rebuilt used appliance from a reputable appliance repair shop is a good option.I would highly suggest getting an icemaker and if you budget will allow, ice and water in the door.  
Matthew T. Tools for automation
27 February 2017 | 7 replies
A good project manager and good contractors should all be documenting what is happening electronically.  
Amy Kendall Property Management Platforms
20 September 2017 | 5 replies
Ability to make Electronic Fund Transfers to my investors monthly,and pay my vendors. 2.