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20 March 2022 | 384 replies
You could advertise your rentals in the graduate and medical school student lounges and (electronic) bulletin boards.
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25 June 2016 | 44 replies
@Jesse KindraThe following IRS website is a good resource for self-employment requirements. https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-centerFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both 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;Both are prohibited from investing in assets listed under I.R.C. 408(m); and 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 2015; 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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9 December 2022 | 19 replies
If you have less than $250,000 no filing is required.Disclosure: We establish Solo 401k Plans for clients and can prepare and submit for electronic filing with the IRS both forms.
30 January 2015 | 5 replies
It's true that most of this can be done electronically, although I do prefer to meet folks face to face (i'm a little old school).
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11 July 2023 | 1 reply
@Rene Bee that is the national standard plumbing code he refers to 2021 NSPC (iapmo.org) Look at page 119 printed on the page or 131 electronically I hadn't heard of it but NJ or local regulations may state you need hookups.
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17 July 2012 | 29 replies
How about a barking dog alarm like this Rex the Barking Dog alarm seen here:http://www.amazon.com/ED-50-Electronic-Watchdog-Barking-Alarm/dp/B002XITC5G/ref=sr_1_1?
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10 April 2018 | 16 replies
The best electronic door lock?
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6 November 2019 | 14 replies
Schlage and others make great electronic locks that are easy to program new codes, master codes, temp codes, etc.
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3 September 2012 | 5 replies
These are the processes of electronically combing through websites and snatching specific data from them.
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15 August 2015 | 8 replies
@Kevin McDonald When I have an out-of-town tenant wanting to sign a lease, I have them do electronic signatures on a pdf lease I send via email (and the I sign it electronically afterward and email them the completed agreement).