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22 September 2016 | 5 replies
Is there a prohibition against subletting on the lease?
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6 March 2017 | 7 replies
San Francisco has prohibitively expensive fees for LLCs and every state's protection laws are different.
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5 April 2016 | 0 replies
I know the FAA have had strict laws prohibiting drone use but I know the laws have been changing recently.
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10 April 2016 | 7 replies
@Rob BelandThis is all I found:16) Delete sub-section 10.12.2 and replace it with the following:10.12.2 Prohibited AppliancesThe following equipment shall be prohibited:(a) gas range ovens, broilers, or top burners for space heating purposes;(b) gas ranges with match-lit ovens;(c) any commercial cooking range without a listed oven safety pilot; and(d) appliances not in compliance with the statutory requirements of M.G.L. c. 148, §25E.It came from here: http://www.mass.gov/ocabr/licensee/dpl-boards/pl/r...I have always believed the intent was to take these out of circulation when they fail, though I can't for the life of me find where it says they cannot be repaired.
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19 April 2016 | 4 replies
I like the idea of restoring the original roof, but it could be cost prohibitive.
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16 March 2016 | 5 replies
At what point is the cost of the conversion prohibitive?
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18 April 2010 | 2 replies
Are there any laws that prohibit me to purchase and sell a home in under 6 months?
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19 November 2016 | 10 replies
Check with the Board of Real Estate: Most if not all states prohibit this.
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14 December 2016 | 18 replies
Which means if you try to find ways around their prohibition, you could be entering into a mortgage FRAUD arena!
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23 November 2016 | 6 replies
As a result, many will invest in real estate either using a Solo 401k or an IRA LLC instead.Following 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; 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 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.)