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24 May 2019 | 17 replies
And now in AL when I am funding deals there... they can electronically file the deeds just notarize scan and return.. things are getting much easier..but when you have loan docs that's old school
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16 August 2016 | 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 (IRAL 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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7 July 2018 | 6 replies
Being rushed I just electronically signed the form, sent it over, and then after the fact re-read the inspection and noticed the updates weren't made and the additional $1000 wasn't included.
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30 June 2015 | 2 replies
There are a lot of options for collecting rent electronically.
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4 May 2017 | 6 replies
It is an electronic notary program that uses webcams to verify signature and notarized documents.
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7 July 2017 | 3 replies
Since my state requires me to give my tenants an option of payment that is neither cash nor electronic funds transfer, I wouldn't want my tenants to shy away from EFT because they could send a check in 5 days later.
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23 October 2017 | 1 reply
That's just the nature of checks (both electronic and paper).
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6 June 2018 | 11 replies
Electronic transfer saves the bank money, yet they started charging for every transaction AND they hold our money for three or more days and collect interest.
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21 March 2021 | 10 replies
Electronic Lifts- disconnect the battery if leavingfor long term storage.K.
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29 October 2022 | 4 replies
Electronic Lifts- disconnect the battery if leaving for long term storage.K.