Mike Dymski
interest and penalties - safe harbor
I received an IRS tax notice with interest and penalties that related to the balance due with the filing of the extended return in October. Tax withholdings were well over 110% of the prior year tax liability; so, I ...
Daniel Mina
Prepayment penalty and interest arrears
Hey All,I have a question about prepayment on conventional loans. The mortgage loans I'm currently after all state "no prepayment penalty." Say I am a few years into my mortgage and I believe I can pay a little extra ...
Steve C.
refinance penalty within 6 months
Will my lender with my current loan get penalty if I do refinance with another lender within 6 months?Thank you.
Ken D.
Financial Penalties for Lease Violations
I'm in Minnesota.
I'm in the process of beefing up my existing lease with additional expectations of tenant behavior (such as not having other adults not on the lease living at the property). My understanding is that...
Anthony Sulecki
Moving Money In IRA's - Penalties
Question for a friend of mine. He wants to move his money out of his investment IRA's, without incurring any fees. Is this possible?
I don't know a thing about IRA's.
Steve P.
Offer deadline passed...Any penalty?
I made my first offer on a fix-and-flip. The offer was made on Tues., March 9 and the deadline was set for Tues., March 16 at 5 pm. The deadline has passed and there has been no response from the bank to the banks rea...
Ashan D
Enforcing Contracts via Late Penalties
From what I've read, it seems the #1 problem with contractors is not getting the work done when they said they would. Well what if penalties were built into the contract, so that for every day work is not completed pa...
Mary Jay
Penalty for Roth IRA investments?
Hi guys,
Lets say a person puts money into a Roth IRA, but then few years later, IRS penalizes this person because this person was making too much money. What would that penalty look like?
In 2019 I believe for a s...
Jonathan Feliciano
Instituting a Penalty for Concessions
In @Brandon Turner 's The Book On Rental Property Investing, Turner touches upon the art of negotiating a deal.
He suggests "instituting a penalty whenever the other party asks for a concession."How and when do you i...
Stephen R.
Deadline completion penalty for contractors
I'm wondering what kind of monetary penalty would be reasonable for a contractor who does not complete a project within the agreed upon timeline. I had one contractor tell me he would never agree to a contract that in...