-3
votes
2answers
28 views

Why must I send a Tax Return document to the IRS if they already have all the data?

The IRS obviously knows all my tax info or they could not check it. Why don't they just bill or refund to me? No one else asks me to do their job for them and penalizes me if I do it wrong. It is ...
0
votes
1answer
18 views

When to use visa debit /MC debit

When I open up a regular checking account, I get an ATM/DEBIT card? So what exactly are the pros/cons of using a Visa/MC Debit card over the debit card provided by my bank?
0
votes
0answers
30 views

Pros and cons of opening joint portfolio

From a tax perspective, what are the pros and cons of opening a joint investment account? To be more specific, I have a portfolio made up of Vanguard index funds. My girlfriend would like to start ...
8
votes
2answers
290 views

Explanations on credit cards in Canada

I recently moved from France to Canada, and am a bit lost regarding the way credit cards work in North America. Let me explain my understing to give some context to my question: In France, one has ...
0
votes
2answers
44 views

Why should I choose a 401(k) or IRA over a standard brokerage account?

401(k)'s and other retirement accounts have limits on restrictions on when your money can be withdrawn. But let's say I score a job making a huge sum, can save a lot, and want to retire decades early. ...
0
votes
0answers
10 views

How to get variables for calculating “intrinsic value” of Berkshire Hathaway?

I would like to calculate Berkshire Hathaway's balance sheet value and "intrinsic value" as described in Warren Buffett's Berkshire Hathaway - Uncovering Intrinsic Value. However, I can't figure out ...
9
votes
5answers
712 views

How do I prevent getting a Tax Refund?

I'm a few years out of college now. I've filled out my W4 accurately and I still get a tax refund every year of a pretty sizable sum. The thing is, I have student loans and I would much rather have ...
0
votes
1answer
22 views

Financially Shielded Entity Separating Individuals Behind It From Risks

I recognize that some will get emotional when reading this question because I've asked it with friends and it created some tensions with some of them. I am simply asking from a pragmatic/possible ...
1
vote
0answers
31 views

Can I open a checking account online in the US without typical proof of residence?

I don't have a utility bill, driver's license, or USPS card linking me to my address, just a lease that has my name written last minute in pen as an additional tenant. Is there any way I can open a ...
-1
votes
0answers
12 views

I seek your advise on FB Ads and transaction of money from US based company [on hold]

I seek your advise on FB Ads and transaction of money from US based company. We are running a digital marketing company in Mumbai and we mostly serve overseas clients. We are running Facebook ads ...
2
votes
0answers
19 views

Is Mint allowed to share user data with other Intuit entities?

Mint seems like that great piece of software to help show, or at least gather the pieces of, the big picture in one place that we've all thought about crafting but didn't. I'm fine Mint having this ...
3
votes
1answer
44 views

How much off list price can I reasonably expect to get from a dealership on a used car?

Background: I'm looking at buying a used 2012 - 2013 Honda Civic from a dealership. This is my first ever car purchase, and with my lack of knowledge I am concerned that I will overpay in ...
2
votes
2answers
14 views

Loan for Retired People in India

Is there a way to get loan for Retired people in India to buy a house? Can their working son or daughter being a NRI co-sign for surety purposes? Any bank or institution that you can suggest - thanks ...
0
votes
1answer
25 views

Post-tax HSA contributions above the IRS limit

Through a payroll error this year I over-contributed to my HSA. I know that I am able to request a taxable disbursement for this amount before my filing date. However, I am having difficulty finding ...
-2
votes
1answer
22 views

How can one take delivery on the FOREX market?

I am trying to understand a little bit about the currency market. Lets say I have $10,000 dollars in cash and I am trying to buy 8000 Euros with it. Now when I take delivery, what does that mean? Can ...
1
vote
1answer
163 views

How would the following income be taxed?

Excuse the lack of terminology here. A general contractor who is also a friend is seeking money to purchase, redo and then sell an existing home. He has about 85% of the total amount to purchase the ...
0
votes
0answers
7 views

trading US stocks from Trinidad&Tobago [on hold]

looking for a US broker i can use to open an online brokerage account to trade the US stock market from Trinidad&Tobago.
1
vote
1answer
45 views

Calculating the effect of prepaying your loan

I am asking about the mathematical formula, or constructing the amortized loan table, of the effect of someone prepaying their loan. According to this website, you'd calculate the monthly payment ...
2
votes
2answers
33 views

Tax implications of dispersing trust to my child's 529 plan vs directly to me

I will be inheriting a portion of my father's trust. My child is in college now, and I contribute the full amount to the trust every year. Are there tax advantages to disperse proceeds from the trust ...
-2
votes
0answers
25 views

Portfolio weights and investor's risk-aversion

If one can choose between two portfolios, from which the first one consists of a risky asset A and a risk-free asset and the other portfolio consists of a risky asset B and a risk-free asset. The ...
-4
votes
0answers
37 views

Do I pay full annual fee if I cancel credit card midway through the year [on hold]

If my credit card has annual fee and I cancel it after six months, do I pay the full annual fee or half the annual fee?
2
votes
1answer
65 views

A couple questions about Social Security benefits and making extra money

What is the limit I can make when it comes to working while on Social Security? If I get a prepaid debit card for the money I make, do I have to report my earnings? How do I go about doing this?
-2
votes
1answer
24 views

VAT & Tax implications of selling software

I'm having a major problem trying to find out how tax and VAT works when it comes to selling software. I believe new legislation has come in regarding how it all works. I am based in the UK and want ...
3
votes
1answer
57 views

Can a bond's market price rise above its lifetime value?

I'm just learning about bonds, reading an introductory book about investing in German. Please correct me if terms are wrong, and if this question can be improved. Consider a bond: Lifetime: 3 years ...
0
votes
0answers
26 views

third-party mediator for two businesses? [on hold]

I am about to start a startup. application - consumer products. Mainly speakers and headphones. Now for the headphone, there arent many decent quality drivers, in the open market, to build around ...
-3
votes
1answer
59 views

I own but do not live in a flat. Am I responsible for damage caused to neighboring flat? [on hold]

I am on the title and mortgage of a flat with my wife (soon-to-be ex-wife). I moved out of the property a couple years ago and still pay my part of the mortgage. Since then my (soon-to-be ex)wife has ...
1
vote
1answer
38 views

How is Massachusetts state tax on unrealized capital gains calculated?

My state (Massachusetts) imposes a 5.2% tax on unrealized capital gains. [1] I'm trying to understand how this tax is calculated. Here's an example: John Doe makes $50,000 in a given year. Meanwhile, ...
0
votes
1answer
25 views

Money transfer from US to Israel

My boyfriend from Israel was planning on moving to the states to live with me. He brought about $10,000 here last time he came. He is now back in Israel and we decided he was not going to move here. ...
4
votes
2answers
407 views

Are there benefits to purchasing term life insurance with an option to convert to whole life, and what type of consumers should purchase it?

Most of what I read says, "whole life insurance is not for you", but they don't elaborate much more than that. There's even less about term life insurance that has an option to convert to whole life ...
1
vote
1answer
29 views

Loan with Compensating Balance

Trying to calculate effective interest rate on loan with the following terms: 128 day term loan 5.4% interest rate 12% compensating balance required Stuck by idea of compensating balance and how ...
2
votes
1answer
28 views

Are distributions from an S corp taxable as long term capital gains?

We have several shareholders. As needed, we will do a distribution for taxes. We are being told that these distributions are taxable as long term capital gains. Is that right? Should shareholder ...
-1
votes
0answers
32 views

Co-Ownership Of a home [on hold]

A couple of years ago an ex partner and I purchased a home together. Our relationship split up with her continuing to live in the home that we had purchased together. I requested her to move so that ...
-1
votes
0answers
27 views

I am filling out a W-8BEN from india

I am living india,I won a prize amount on a Software developer contest for building software. For getting the amount they have asked me to fill a W-8BEN form. in the form i have part I,II,III In ...
-1
votes
0answers
11 views

Indian Rupess vs US Dollar - measured against inflation [on hold]

Inflation in India is running at 10% annually for the past decade, sometimes even more. Inflation in U.S is very low - may be less than 3%. How is it then value of the rupee against the dollar does ...
-3
votes
1answer
73 views

At 70 what are my investment options? [on hold]

Have a couple of million--but have moderate tolerance for risk. What is the best option for investing--have yearly income of 36,000 before taxes.
6
votes
2answers
225 views

How is a relocation fee of more than 40k taxed?

I'm vacating a rent control apartment in California. The owner of the property is paying me more than 40k in early termination of the rent. How is this money going to be taxed? Will I end up paying ...
3
votes
1answer
33 views

How are ADRs priced?

How is the price of an American Depository Receipt (ADR) determined? An American Depository Receipt is a receipt that a non-U.S. share is held by a bank on behalf of the receipt holder. If you hold ...
0
votes
1answer
29 views

How to use a companion fare if the total fare cost is more than the companion fare limit

I am looking at the Alaska Airlines Master Card And I see: An annual coach Companion Fare every year from $118 (USD)($99 base fare, plus taxes and fees from $19) Now let us say I purchase a full ...
1
vote
1answer
39 views

Use mutiple gift cards towards same purchase online

Let us say I have 2 walmart gift cards , each for 10$. Now if I go to walmart and buy a 20 $ item (before tax), then I can give the 2 gift cards one after another and that will cover the cost. Now ...
1
vote
2answers
36 views

Do points and miles acquired through signup bonuses ever expire

Many credit cards offer sign up bonuses in the form of points or miles. Now, unless stated explicitly, is there an expiry date for this sign up miles/points?
2
votes
1answer
36 views

Where to get liability insurance for car rentals, as an add-on to Visa Collision Damage Waiver?

For car rentals paid for entirely by Visa credit cards, Visa usually provides a benefit called the Collision Damage Waiver, which in my experience is pretty good. It does not however cover personal ...
0
votes
2answers
60 views

Combine credit card cash back with other cash back offer

At this website you can buy gift cards and get cash back. Now I have a credit card that gives 1% cash back. If I use it to purchase a gift card here, will i get 1% back from credit card and on top ...
1
vote
1answer
28 views

Sales Tax Licence/Permit - When is it required and how can I make a use of it as a non-US resident selling in USA?

I would like to ask what is a Sales Tax Licence, sometimes called Sales Tax Permit and how can I make an use of it as a non-US resident willing to begin business in USA. Is it a requirement in order ...
0
votes
1answer
38 views

Why YTM is higher than current yield in discount bond

I learned that in discount bond, coupon rate < current yield < YTM and the relationship will always hold. I can figure out why coupon rate < current yield. But just cannot don't ...
0
votes
1answer
59 views

Mortgage: Low house price with high income (Canada/US)

I am planning on purchasing my first home, but its going to be for my mother. She lives in a small town with very affordable housing. The place will be around $68k with 20% down payment ($13,600) ...
0
votes
0answers
12 views

money transfer charges from US to India [on hold]

Do we have to pay extra charges for transfering money from US to India? If yes then what are the charges?
5
votes
3answers
146 views

Where to park $50k for 2 years (taxable)?

Where can I put $50k for 2 years while I'm in school and transitioning back to full-time employment? I eventually want to purchase a house, but I'm not sure where I'm going yet. I'm a full-time grad ...
0
votes
2answers
103 views

Open and close credit card to save on annual fee

There are many credit cards that waive the fee for the first year. Is it illegal to open up a credit card account, hold it for a year, then cancel it and then turn around again and re open it and ...
0
votes
2answers
147 views

Can I earn Frequent Flier miles on a flight using FF miles and effectively get them back?

Let us say I have accumulated 50,000 air miles and use it on a flight on Alaska Air from Vancouver to Anchorage. Now , is it correct that just by taking the flight itself, I will earn back 'all' ...
1
vote
0answers
14 views

Is ledger-cli appropriate for storing detailed information from receipts? [closed]

I'm evaluating different software to track my personal expenses, and since I'm fine with command line and plain text files, I'm now considering ledger command line application. But I'd like to store ...

15 30 50 per page