Michael Plaks
End-of-Year tax planning: Roth conversion 101
I just finished EOY tax planning sessions with my clients, and Roth conversion was one of the topics. It reminded me how confused most investors are about Roth and prompted me to write this long post. Since Roth-relat...
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1031 exchange to rental unit
I am soon looking to sell some investment land and thru a 1031 exhange move this money into a sf or multi tenant house. Given the time restrictions on the exchange I don't feel I can spread this money across multiple ...
Jeff S.
Withdrawing funds-LLC
What is a typical schedule when withdrawing funds from an LLC? Would it be monthly, annualy or does it matter? Secondly, what do you title them in your checkbook?
Sean H.
Help me understand S-Corps better
As it relates to being the sole owner of the "corporation."So, for my question lets say i hypothetically made 100k for the year. I read that is best keep wages and distributions equal to avoid a red flag from the irs....
James R aduna
Eliminate High Interest Mortgages
BP Community,
Since the government's stimulus package for 401k investors has come out I've been thinking about taking money out of my savings and either paying off my high-interest mortgage or simply buying another ...
Garrett F Anderson
Invest in 401K then withdraw to earn while saving --- a plan
Hello! So I am recently starting a career as an analyst and I need to start making decisions as far as my 401K is concerned. I have this idea that I'm not sure is good/ bad or allowed with 401K's. I will explain my...
Kumar Gaurav
Ideas on where to invest 401k from previous employer
HelloI have about 70k in 401k from my previous employer.What would be the best way to invest that money as of TODAY . Appreciate input from the experienced members here.Thanks
Eric Mcginn
Tax questions on LTR and title insurance settlement
Hello,
I’m dreading tax season because I’ve done pretty well this year. First question, is it too late to spend my money on repairs for this tax bill?Second question, do I have to pay taxes on a title insurance sett...
Rick Doughty
401k roll over
i just opened up a roth ira in feburary,its only worth $1,000. Anyone know how to self direct it into a real estate investment account? most online site i visited wanted a high fee.one i called wanted between $350-$3000
Ben Foullon
Holding Company Question
Hi everyone! I have an LLC and a friend of mine has an LLC. We formed a holding company where both of our LLCs are members. Are we able to transfer our funds to each other's LLC without worrying about taxes since they...