Questions related to the earning of money (or other capital) within a specified time frame. Topics such as methods to increase income, account for it, track it, analyze it, or disclose it are all appropriate, but discussions of *income tax* should use that tag instead.

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Questions on India income for US taxation

I am in USA for last 5 months of 2015 and was there for 4.5 months in 2014, so I am a resident alien in USA for year 2015. I have below questions for the IT return for year 2015 in USA: Do I ...
4
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1answer
29 views

Question About Tax Situation While Living Abroad - Need Advice

I have a somewhat unique situation, and I'm not sure how to handle. I moved to Sweden with my girlfriend late 2015 because she obtained a job in Sweden. I was able to come along and establish Swedish ...
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1answer
22 views

Is UK income which is exempted in UK taxable in India

I am a Indian citizen working in UK on a work permit. My salary in Uk is 36000 pounds.I have heard that in UK salary of 10500 pounds is exempted from tax and my company is paying tax on the remaining ...
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1answer
73 views

Living in LLC owned rental property

I have an LLC-sole manager- with rental properties in the US. I am considering downsizing and living in one of the rental properties. Should I pay rent to my LLC? What are the legal/tax implications ...
1
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1answer
93 views

What does IRS Letter 96C Mean when they say, “Determined no action is necessary on your account.”

I am trying to figure out what does it mean when you receive a letter from the IRS and it says: Thank you for your correspondence received June 4, 2015. We reviewed the information you provided and ...
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4answers
4k views

Paying Off Student Loans Early

I currently owe $34,558.00 in student loans ($31,000.00 principal + $3,601.83 unpaid interest accrued so far) with an average interest rate of 4.877%. I just started working full time ($70,000 GAI) ...
3
votes
1answer
49 views

How can I prove my ownership of government savings bonds?

I am in the process of moving to California from out of state, looking for an apartment to rent. I am currently unemployed and have no monthly income, but I have a decent amount of money in the bank ...
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2answers
99 views

How can you make three hundred dollars in a few weeks [closed]

How could you make three hundred dollars in a few weeks no job at the age of 17.
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1answer
35 views

Working out of India for UK company from 1 Jan 2016 on contract

I am working for UK company from India as a contractor from 1 Jan 2016. UK company will pay me in pounds. My query is what is best approach to get money in India? I was given few suggestions Work ...
0
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1answer
159 views

Calculating the Free Cash Flow (FCF)

I'm working on fundamental analysis on a public company, and am trying to calculate the Free Cash Flow for Facebook (FB) for the latest quarter - ending Sep 30, 2015, as shown below and would like to ...
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1answer
100 views

Fundamentals Look Great, What Now? [closed]

So after days of fundamental analysis on hunderds of stocks, I've narrowed it down to three that seem really good. Their margins are good, ratios are good, EPS and P/E are good, etc. What is the next ...
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4answers
80 views

Most effective Fundamental Analysis indicators for market entry

I am new to Fundamental Analysis. I purchased a few books on the subject which has proven valuable but time consuming. I was wondering if anyone with more experience than myself can recommend the ...
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0answers
71 views

Friend may owe outstanding taxes from previous year?

I was talking with a friend of mine when at some point we started talking about how she hadn't paid taxes for an internship she had done at a University overseas. Since she had been paid using a ...
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2answers
124 views

Using Square to transfer money to my personal checking account

I'm considering using Square to essentially allow me to use my own credit card to pay my mortgage. If I swipe my own credit card every month will that transaction be counted as income? I'm trying to ...
5
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2answers
172 views

Should I accept shares as payment?

My possible future employer offered to pay me in shares of the startup I would join. He dropped sentences like "brutto equals netto" and "We can pay you more in shares than in cash". Obviously there ...
1
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1answer
152 views

Why can't poor countries just print more money? [closed]

I know this is a really silly question that is really obvious, but what's stopping a country from just printing out a few more billion of their own currency and then using that money to buy goods from ...
1
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1answer
53 views

How are RSU's factored into Income during loan qualification?

I'm new to the tech industry and was wondering how RSU's factor into loan qualification. RSU's particularly at more established companies are essentially cash. They may change with the stock price ...
5
votes
1answer
191 views

No health insurance wants me, what to do?

Ive tried to apply to medicaid twice this year(2015) and both times, they have denied me. But when I try to find health insurance on the Obama Marketplace site, the private insurances block me out ...
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2answers
231 views

Why is tax being paid on my salary multiple times?

I live in USA. I am working for a small company that has around 35 employees, that is owned by one person (my employer). My employer pays taxes on the income generated by the company, pays my ...
3
votes
1answer
504 views

Do I need to declare the Rental Income from property in India while filing US Federal Tax?

Say I own a couple of units in an apartment complex in India and they were purchased in part by using inheritance (property) and in part by cash (funds from US). If the units are currently rented ...
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0answers
26 views

What taxes do I pay for working an event in Mexico?

I live in the U.S. but am holding an event in Mexico. People will pay to attend the event. How do I claim that income for taxes either in Mexico or the U.S. and what is the process for receiving ...
31
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5answers
9k views

What can I do to passively generate income?

I work 3 jobs totaling at 52 hours weekly. I don't have anything of value that I can sell for money. I put $10 into penny stocks a few weeks ago, but they don't gain much. I'm 25, and my savings is ...
1
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0answers
24 views

How to record third-party fullfillment [closed]

I'm interested in selling products on Amazon. Once I have sales coming in, Amazon will track all purchases, returns, etc and then deposit the funds after a clearing period into my bank account. Since ...
0
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2answers
103 views

How much impact does employment have on credit score?

I'm in college, so I'm not exactly employed, ignoring occasional jobs here and there. I'd like to apply for a few new credit cards, and I noticed I don't have employment on my credit report. My ...
3
votes
3answers
579 views

Is selling put options an advisable strategy for a retiree to generate stable income?

Suppose a retiree wants to generate stable income from selling S&P500 (or other stock index) put options. Is this an advisable strategy for a retiree?
2
votes
3answers
88 views

Are junk bonds advisable to be inside a bond portfolio that has the objective of generating stable income for a retiree?

Suppose a person has retired. He would like to construct a bond portfolio that generates stable income for his remaining days. Is it advisable to include junk bonds in the bond portfolio for that ...
20
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2answers
4k views

Is it legal for a landlord to report a large payment to a tenant using Form 1099?

I recently signed a Mutual Termination of Lease agreement with a landlord who purchased the complex I was living in (CA,USA). Part of the termination of lease agreement specified a large payment for ...
2
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1answer
157 views

Is the money sent by my son from USA to India is taxable?

My son is presently deployed to work in New Jersey, USA by his employer company of Delhi for 3 years. He is remitting money to my general savings bank account in India. Is the amount so received from ...
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0answers
21 views

What's the tax on a hobby crop income? [duplicate]

Say I harvest crop as a hobby on my land, and it's less than an acre. What's the tax on the crop income?
2
votes
3answers
176 views

What is the fastest way to retire, using passive income on real estate [closed]

Personal Stats: Yearly income ~$53,000, monthly expenses about $800, and about $10,000 saved up. I live in South Texas, USA. Using Real Estate as a preferred way of passive income, what is the max ...
2
votes
0answers
31 views

Income Tax Germany-UK - Different tax years

I've recently moved to Germany, how can I incorporate my earnings from the UK into German income tax system when the tax years are different? German tax year (Calender year) UK tax year (April-April) ...
2
votes
2answers
120 views

How do owners in a partnership earn income?

I am 1 of 2 partners (no employees) in a recently registered consulting business. Essentially we are 2 former sole proprietors joining forces. We are currently working on forming our partnership ...
1
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1answer
60 views

New business owner - How do taxes work for the business vs individual?

I have a business that is in it's 2nd year and has now made $400ish. I have the money just sitting in the business bank account. I do have a business partner. A couple of questions? If we leave ...
1
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3answers
129 views

Is a discount reported as income?

I will owe $600 to my child's private school (run by a non profit). I have agreed to teach one of the classes, so instead of paying my bill, I would rather have them deduct what I owe from my ...
9
votes
3answers
623 views

Risks associated with investing in dividend paying stocks for short term income. Alternatives?

I will be leaving my place of employment in the near future to run and grow my small business full-time. After assessing my expenses I'm expecting to be in the red $300-$400 a month for the next 1-2 ...
2
votes
2answers
283 views

My query about my CTC, Gross salary and net pay

I am working as Software professional in reputed private concern. After one year of my successful completion, they offered me 3 lakhs per annum package. But I am getting only Rs 20606 as net pay per ...
3
votes
1answer
89 views

Does earning as a non-resident remote worker on an American account make people liable for U.S taxes?

My country, Brazil, does not have a tax treaty with the United States. I understand from research on this website, and please correct me if I'm wrong, that I will not have to pay any U.S taxes while ...
6
votes
1answer
222 views

Tax implications of roommate rent from unofficial apartment sublet

I'm currently renting a 2/2 apartment in the US that is managed by a REIT (NYSE:MAA). I set it up in which I am the sole responsible lease holder and have added a roommate to the lease as an occupant ...
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1answer
87 views

How do parent companies collect/handle net income from their subsidiaries?

Say Company A purchased 100% of Company B, and in 2012 Company turned over a net income of $X Were Company B to be its own owner, the $X would go in their "pockets", their bank account. But seeing ...
3
votes
1answer
135 views

Is the repayment of monies loaned to my company considered income?

I have been working diligently for years to get my business off the ground. I have been funding its monthly operation via my personal funds, each month lending the company (an LLC) just enough to pay ...
2
votes
1answer
155 views

How much house can I afford, waiting around 3 years or so

I'm trying to think ahead and save as much as I can so I can afford something nice. Here are my assets: 180,000 in mutual funds growing around 10-12% a year (hit 16% last year) Have zero debt and no ...
1
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1answer
81 views

What suggested supplemental income opportunities exist for a 70 year old Canadian retiree?

This is similar to the question "Extra revenue for retiree receiving a basic public pension", but focusing not on whether, but what. I am wondering what forms of supplemental income (jobs/gigs) would ...
0
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0answers
40 views

USA bank account receiving funds for my business in India : How to calculate tax

I am planning to start an online tech support business from India. I do have a USA bank account and I can setup a payment gateway via paypal for my business. I will be doing all the support from India ...
5
votes
1answer
221 views

Is tuition reimbursement considered taxable, earned income?

I am a student paying tuition to attend a University. I worked in a lab, so I received a "reimbursement" on my tuition (that is how the University denoted the compensation). Does this "reimbursement" ...
4
votes
2answers
278 views

If I buy goods for a friend, and then he pays me cash and i deposit it. Will I get in trouble?

I have a friend from Mexico that asked me to buy flight tickets for him. Its about 2,000 dollars, and he's going to give me the money in cash so I can deposit it in my account and pay my credit card. ...
3
votes
1answer
174 views

As a minor in the UK do I need to pay taxes on self-employment income, and if so how?

I run a game community which is based around Minecraft at the moment with just under 40,000 registered users and I want to expand to YouTube which is in the works and other games. We relaunched ...
5
votes
4answers
425 views

Investing in income stocks for dividends - worth it?

I currently have a 401k that I'm maxing out for this year ($18,000) and a Roth IRA that I'm maxing out ($5,500). I'm a bit behind on investments, but because of my income I think that I can play a bit ...
2
votes
1answer
191 views

Maternity payments taxable income?

Paid maternity leave in my country of residence is paid by the government as a social security insurance benefit, rather than by the employer. Is it treated as taxable income on my US return? Edit: ...
3
votes
1answer
105 views

How do you Record Revenue from ads?

I have a website with an increasing traffic so I decided to make it as a business and add ads into the website. I'm currently in the process of registering my business and I don't get how would I ...
0
votes
1answer
112 views

Freelancer - taxes in India when working for a Spanish company

I would be starting as a freelancer for an European company where the products will be promoted in the Indian market, hence would be traded from Europe to India. The same company has plans to start ...