In our final installment on tax season preparation, we delve into the specifics of Schedule K-1 and Form 990-T. These may be less common account documents, but they’re incredibly important for certain investments. Less Common Account Documents* Schedule K-1 (Form 1065) Timing: With individual tax filing What It Is: A Schedule K-1 (Form 1065) applies … Read More
Post 4: Decoding Form 1099-R and Form 5498 As tax season continues, it’s important to understand Form 1099-R and Form 5498. These account documents are key to managing your retirement plans effectively. Form 1099-R: Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Timing: January 31 What It Is: This form reports … Read More
As we progress through our tax season series, let’s turn our attention to the Annual Account Statement. This document is a vital tool in your financial arsenal. Annual Account Statement Timing: Formal statements are issued in the last week of January or you can generate one anytime on demand in the Client Portal. What it … Read More
Continuing our tax season journey and overview of IRA Account Documents, today we’re focusing on the NDTCO Fee Schedule. Understanding the fees involved with your account is crucial for making informed decisions and optimizing your investment strategy. Post 2: Understanding the NDTCO Fee Schedule Fee Schedule Timing: Account opening What It Is: A fee schedule, … Read More
Navigating the 2024 Real Estate Market with a Self-Directed IRA: A Strategic Outlook Introduction Welcome to the dynamic world of self-directed IRA (SDIRA) investing in real estate! As we embark on 2024, the landscape of the real estate market presents both unique challenges and exciting opportunities. The National Association of Realtors (NAR) forecasts a revitalized … Read More
In today’s world, fraud is more common, especially online. It’s important for both people and organizations to know how to keep their information safe. This blog will talk about the different kinds of fraud you might come across, give you tips on how to stop fraud before it happens, and explain what NDTCO does to … Read More
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