
11 September 2023 | 34 replies
These type of regulations dont just change out of the goodness of their hearts....someone is looking for a way to make more $$.In my experience most people looking to add an ADU are looking for a way to add income or equity to their property and the average joe isnt going to get the government to allow him to do that if its been prohibited before.

2 October 2022 | 175 replies
Some of these things are messier than others - where do my rights begin and yours end when it comes to firearms, speech, access to necessities of life, etc - and some are more clear cut - prohibitions against murder, robbery, etc - but that's the primary function of government.

28 May 2019 | 212 replies
@Scott Kirby@Alanna SchroederScott, Palatine is about 20 minutes northwest of O’Hare Airport.Alanna, Short Term Rentals are prohibited in Palatine.

12 August 2019 | 62 replies
It was ultimately your choice to allow the dog.My advice is look up the prohibited breeds by insurance carriers and do not allow any of them.

10 September 2019 | 147 replies
I always make mine assigbable but I close on them.All contracts are assignable unless said contract specifically prohibits an assignment.

15 June 2019 | 34 replies
I am trying to use a large conventional lender because of the 30 year fixed rates they are offering, but don't think I will be able to come up with the entire down payment, closing and reserve without borrowing a small sum of money (which they prohibit).

9 September 2015 | 9 replies
It's not practical to say "I replace everything" because it is cost prohibitive.

21 February 2016 | 16 replies
@Joe CapobiancoThe following information will help you understand the differences and similaritiesbetween the solo 401(k) in the 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); andNeither may be invested in your own Retirement funds business startup.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 (self-directed 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.)

25 August 2016 | 120 replies
Fair Housing regulations prohibits mandating a specific form of payment.

2 May 2017 | 197 replies
No, this would be Prohibited Transaction.