0
votes
0answers
3 views

How to categorize shared income?

I'm a total bookkeeping noob. My LLC has an agreement with another LLC where we split income coming from a particular source. As it happens the income comes to my business's bank account and then I ...
1
vote
1answer
5 views

Can expenses for attending stockholders meetings be deducted in U.S. income taxes?

I have a few different common stocks holdings from which I receive quarterly dividends. In addition I receive an annual notice of a stockholders meeting and of course the voting proxy. I have often ...
1
vote
1answer
6 views

accidentally withheld too much tax when cashing out 401K

My son recently cashed out his 401K. (He really didn't want to but it was necessary). When completing the form, he accidentally checked to withhold an additional 25% tax instead of an additional 5% ...
-1
votes
1answer
10 views

E*Trade commission

I was wondering how the commission on E*Trade works. They say that they take 7 dollars for each transaction, but do they also take a percent of your earnings? Lets say that I made 3000$, would they ...
0
votes
0answers
8 views

Credit card creditors have two approaches to handling interest

Most credit cards calculate interest at the end of the cycle and add it to the balance. This reduces the available credit and when overlimit the cardholder is required to make a larger than normal ...
0
votes
0answers
5 views

Leveraged Trade program

I was contacted by an acquaintance and introduced to a leveraged/trade platform program where I would put 10% (of what I needed) into a personal account with Citi Bank in my name only. In 90 days, I ...
2
votes
0answers
11 views

Will it be financially advantageous to rent out my condo on AirBnb?

I'm considering renting out my furnished 2BR/2BA condo as a daily rental. It is close to hospitals and is in Little Rock, the capital of Arkansas. I don't expect to make enough money to pay all the ...
5
votes
5answers
200 views

I've tracked my spending and have created a budget, now what do I do with it?

I have spent considerable time this year tracking my expenses and income so that I can have confidence in my household budget. I've been using an Excel spreadsheet that I found to track everything ...
0
votes
1answer
8 views

How old do I have to be to take a loan, and how should I go about the process.

I'm currently 16 and have been invited to attend a National Youth Conference for National Security in Washington DC this upcoming fall. I just moved in with my mom and this trip isn't exactly ideal ...
0
votes
0answers
19 views

When a stock deal is made in an exchange, which price is used? [duplicate]

I know little about stock exchanges, and I'm curious about a scenario I just thought about, so if I'm missing something obvious, please let me know. If I understand correctly, a stock exchange is a ...
5
votes
2answers
55 views

Avoid paying off a mortgage early?

My mortgage is 3.5% fixed rate. I have enough money to pay off the remaining balance, and still have enough left over for an emergency fund. My investments have historically made more than 3.5% per ...
-1
votes
1answer
7 views

USA Income tax for foreign worker

I live in South America and I'm working for a company in the USA. I'm planning on opening a US Bank Account from abroad (with the help of my local bank). In this case, I would receive my payment in my ...
2
votes
1answer
24 views

Can There Be Partial Trade Fill Percentage?

I am a 20 year old investor, so far my trading account is quite small (~10k) so I haven't made many large trades, most have been worth a couple thousand dollars. I noticed in my broker (TD Web ...
1
vote
0answers
15 views

Are Kentucky vehicle property taxes paid in arrears or advance?

(Note: This question is not about sales tax.) We paid the Registration on our van last November, which includes property/usage tax. This month we turned over the vehicle to the dealer from whom we ...
0
votes
0answers
52 views

How can someone else sell a car with my name also on the paperwork?

I just found out from my x that he got a new car but my name was still on the old one and I never signed any paperwork when he traded it in. How can a car dealership do that with my name still on it?
1
vote
1answer
54 views

Which is more meaningful for individuals - inflation or cost of living adjustment?

I'm helping provide a neutral review of payscale changes at my office (as a non-financial person) and I'm not sure which metric to use when comparing pay raises to financial change. I understand the ...
10
votes
3answers
960 views

First time home buyer - Need suggestions and views on few things

We are a family of 3. Couple with one kid (2nd grade). We have been in states for 13 years. All these years we have been renting. So far I preferred to rent. But the rents are going up. Currently, ...
2
votes
1answer
57 views

How to get into contact with the IRS and some tax questions

Way back in March I filed my taxes, and applied for a payment plan. My request actually never went through and ended up having to re-apply On April 20th. The representative I talked to said that my ...
-1
votes
0answers
32 views

How is Credit Score Calculated [on hold]

How is credit score calculated by credit companies? What factors can increase or decrease credit score values?
2
votes
2answers
125 views

24% tax on first pay in the UK?

Quite a similar thread to others I've seen here - hope I'm not repeating the same questions again! I just got my first payslip after arriving in the UK and noticed that the tax is far higher than ...
3
votes
1answer
55 views

Is cash (from sale of equities, other property or savings) taken into account for mortgage affordability?

Imagine the following scenario: Gross annual income - $100k Cash (from property equity, shares, saving etc) - $100k No debt. Down payment - 20% (e.g. $20k) to be taken from cash pot. Mortgage - ...
0
votes
0answers
101 views

How to find small vacant lots to buy?

I would like to buy a small vacant lot so I can erect a small warehouse and store stuff there. However, the problem is that people don't generally advertise the sale of small, empty lots with no ...
-1
votes
1answer
52 views

What happens if there are insufficient funds in my checking account when a cheque is deposited?

In my question, there are two accounts involved. I will call the account where funds are being taken from (debited) Account A and the account where the cheque deposit happens Account B. Question: At ...
1
vote
1answer
33 views

What's the penalty for filing taxes late in canada if you're owed a refund?

For a number of totally avoidable reasons, I just filed my taxes. I'm owed ~3500$ and I was wondering what I should expect to get from the CRA. I've heard there's no penalty for filing late unless you ...
0
votes
0answers
7 views

GnuCash How to track a bill in A/P and in an asset account and get tracked to customer who reimburses

I incur expenses on behalf of clients who will reimburse. In quickbooks i would create bill to vendor and track to customer. expense went to A/P and the the other entry was an asset account. This ...
0
votes
0answers
28 views

Employment in USA. Deputation in India

Is it possible to be employed in USA on W2 but deputed in India ? Any pros and con related to this type of arrangement ( insurance/benefits ). Anything special needed for tax filings.
1
vote
1answer
18 views

Which tab in FBAR form?

I am about to file FBAR. I see 3 tabs in FBAR form where account information is to be entered - separate/joint account, no financial interest, consolidated report. I have some mutual fund units ...
-2
votes
0answers
25 views

loan apply for over the credit card [on hold]

I am working in a software company and I had a overlimit debt of 51000 on credit card and now i want to apply for personal loan to pay of my credit card bill . Can I go ahead and apply for loan?
0
votes
1answer
29 views

XIRR not working for this dataset. Any other method to calculate rate of return?

For this particular dataset xirr is not returning any reasonable value either in excel or google spreadsheet. What is the option to calculate the rate of return in cases like this?? Sl-no date ...
1
vote
1answer
35 views

Does transferring credit card providers affect your credit score?

I know that part of your credit score is the "average age of lines of credit". However, I'm not sure how the credit agencies determine what a particular "line of credit" is. To be specific, my bank ...
26
votes
10answers
5k views

Is it ever a good idea to close credit cards?

I have a bunch of credit cards with no balance, while others have fairly high balances. I'd like to close the 0 balance cards, but I know that will reduce my overall balance and hurt my credit rating, ...
1
vote
1answer
63 views

Can a F-1 student visa holder loan a car from bmw?

Here is a little bit background: I am currently an opt(F-1) student working at a company as a software developer. My company is actively working with a law firm to get me a work visa. A couple weeks ...
7
votes
2answers
935 views

Can shops use card payments to track/profile customers?

Can shops use payment information when you pay with a debit or credit card to track a customer's buying habits? In other words can a shopkeeper link different purchases at different times in his ...
2
votes
4answers
133 views

Is this follow-up after a car crash a potential scam?

A few nights ago I had an accident with another car. I hit their bumper bar, put about a tennis ball size dent. No damage was done to my car. I didn't tell them that I had insurance. Just putting ...
0
votes
1answer
37 views

Using bank wire transfers

Will any bank reports have to be filed if I send more than $10,000 in my bank account by a wire transaction to another bank account in my name in the USA?
2
votes
1answer
50 views

What happens in the 2nd period of an ISA? (UK)

I'm sorry if this is a duplicate, I tried to search for similar questions but I'm not sure what the correct terminology is! I've been curious about an ISA for some time now and it seems that they are ...
1
vote
0answers
17 views

How to buy stocks online while living in Cyprus EU? [on hold]

Would like to buy stocks online, I live in Cyprus EUropean Union. I found several 'international brokers' such as 500plus.com / tradeking.com but they dont convince me they are broker agents, I ...
2
votes
1answer
126 views

How to get approved for option trading?

I recently tried applying to get approved for trading options in my brokerage account. I have 10k in the account ~$4k in cash and I'm 23. I have more than the average investor's knowledge when it ...
15
votes
7answers
4k views

Why don't banks allow more control over credit/debit card charges?

Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they ...
1
vote
1answer
109 views

Stock goes bankrupt - what is CODI and should I worry about it?

I am a total newbie at investing and last year I purchased some stock of BBEP directly without any broker using the Robinhood app. Now BBEP has filed for bankruptcy and I see many people mentioning ...
3
votes
1answer
63 views

Do I need to do anything to avoid penalties or interest if the IRS expects quarterly payments but all my tax is already withheld?

In 2015, for the first time, most of my income was untaxed, so I paid all my taxes for the year when I filed. In 2016, I have been and will continue to be employed full-time with taxes already ...
0
votes
0answers
27 views

How can I optimise a portfolio of traditional & alternative assets?

Standard risk optimisation of a traditional assets (like stocks and bonds) is pretty straight forward, I have been optimising and backtesting a stock, bond & REIT portfolio on Swanest. I am ...
-1
votes
0answers
12 views

How to automatically deduct the BIC from the IBAN? [on hold]

is there an automated way to get the BIC from the IBAN ? Like this page does: http://www.iban.fr/calcul-de-la-cle-rib.html
20
votes
1answer
2k views

Ticketed event after card number has changed

I've had credit cards that had numbers changed due to the store-wide hacks we've all heard about. Usually, the impact is that I need to update my auto-payments to the few I have on file. I purchased ...
9
votes
2answers
2k views

Money sent to loan account after it has been paid off and closed

For the last few months I have been paying off a loan via automatic payments from my current account that transfer over automatically each month. The loan got paid off and the bank closed the account. ...
-1
votes
1answer
84 views

Borrowing money for investment

What do you consider the best way to: Borrow money from private investors against a fixed interest rate Use it to trade, yielding a higher return than the interest rate Pay off the investors with ...
3
votes
1answer
42 views

Do I have to pay tax on hand-money(USD) which I brought from US to india?

I am not getting answer of this very normal question on the internet. I was working in the US as salaried employee and as per day count I was NRI for rear 2013 and 2014, and I paid full tax on all ...
4
votes
3answers
156 views

Giving kids annual tax free gift of $28,000

We are planning to pay for kids' education using the annual $28,000 limit of tax free gift. Do we have to send money from each parent's single bank account? If, for instance, I send $28,000 from my ...
1
vote
1answer
31 views

Can I pay money in USA to buy property in India?

I currently reside in the US (on H1B Visa) and I plan to buy property in India. The current owner of the property also resides in the US. I was wondering if I could make part of the payment here in ...
5
votes
1answer
73 views

Are unknown lenders safe to use?

I want to refinance my mortgage, so I went searching for rates and a typical page on BankRate looks like this: These rates are a good half a percent less than what's offered by the major banks, but ...

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