I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be re...

I am the trustee and admin of the solo 401k plan of my business.What paperwork is required for an employee early distribution to comply with DOL and IRS rules? How do I report it for taxes for both employer and employ...

HI BP community,Newbie question here.  The question is for multiple property/multiple loan peeps. I am looking to buy a property soon, very soon. My husbands needs to refii his rental but can not qualify ( through con...

I’m 23 years old and I work off the books with no verifiable income. I’m lucky enough to have 600k in the bank and I’m looking to buy a home to live in while renting a basement or garage. I was told by someone to chec...

I have been trying to educate myself on the advantages of a Self-directed IRA vs Roth IRA.  My curiosity was peaked when I listened to a Podcast recently about a gentlemen that purchases "investment properties" with h...

I am looking to open a self-directed solo 401k. What are the best custodians out there for self-directed solo 401ks? In case it makes a difference, I plan to use it to buy rental properties, probably with mortgages si...

I just recently open a solo 401k for my business (single member LLC with me and my hubby being the members) with me being the trustee. So I am in control of my checkbook. So far so good.

My understanding is that ...

I have the option of being hired as an employee or independent contractor. I am wondering if any local accountants or CPAs in the DC / DMV area (I live in DC) have any advice as to which I should choose. I am going to...

Hello,
I am ready to buy my first rental property but when i tried applying for a loan they said i wouldnt qualify due to being a 1099 contractor for only a year(I was w2 for the 6years before i started my own ventur...

Currently I use Self Directed IRA custodians (Pensco and others) to be able to use my IRA funds for investment in Secured Notes. At times it becomes a time consuming effort to deploy funds to a deal.

I am s...