0
votes
0answers
2 views

Taxes on online Drop Shipping Business (India)

I have seen several posts and their solutions, but still i have some queries. We are a partnership firm in India. We have below documents already with us: Firm PAN Firm IEC HDFC Bank Current ...
-1
votes
0answers
11 views

Are digital payments a threat to the Credit card companies?

I see Visa is investing in digital payments with smart phones etc but are the other digital systems a threat to the credit card companies profits ? How do you think the banks feel about digital ...
1
vote
1answer
10 views

Is the fund received to my indian bank from foreign bank taxable?

I am Nepali citizen and I have ordinary saving account in Indian bank. I was also working here for 2 years in the past(3 years ago) and I have PAN card and bank account. Now I am living in India for ...
0
votes
1answer
18 views

How to report “foreign tax paid” from 1099-DIV?

Is it correct to report Foreign tax paid in 1099-div to line 47 Foreign tax credit in 1040 form? But here http://voices.yahoo.com/how-report-amounts-form-1099-div-2439-11819489.html?cat=3 it says ...
0
votes
1answer
54 views

Can I afford this condo?

I just found a condo I really like and I am debating with myself whether it would be a good idea to pursue it from a financial perspective. I'd like to get some educated, objective opinions on my ...
0
votes
1answer
13 views

How to report specified private activity bond interest dividends?

From http://voices.yahoo.com/how-report-amounts-form-1099-div-2439-11819489.html, I learned that Specified private activity bond interest dividends reported in box 11 of 1099-DIV is the portion ...
0
votes
1answer
23 views

In 1040 form, where shall I report my “Total Capital Gain Distributions” reported by 1099-DIV?

In 1040 form, where shall I report my "Total Capital Gain Distributions" reported by 1099-DIV? It is not capital gain/loss, isn't it? Instruction of 1040 says: Instead, they are included on Form ...
-2
votes
0answers
16 views

How do you calculate the standard deviation of my investment when I leverage? [on hold]

Weight 35/25 Return 0.11 SD: 0.15 Weight 10/25 Return -0.04 SD: ? The thing is that I don't get 100% but I get 180% with those numbers and I don't know how I can calculate the sd, which helps me ...
0
votes
1answer
21 views

Can I use freefilefillableforms.com to report my federal tax?

In 2013, I reported my 2012 tax using www.freefilefillableforms.com, promoted by IRS. This year for 2013 tax report, I noticed that IRS says to use Free File Fillable Form when Income is above ...
0
votes
1answer
23 views

How to know if I can have NOL (U.S. tax)?

investopedia defines NOL to be for a company or business. So I think an individual doesn't have NOL. Is it correct? What is the difference between NOL and capital loss? What are their relations ...
1
vote
1answer
20 views

Which state shall I report my tax to?

I lived in Maryland state the whole 2013 year and the first 20 days of 2014, and then have moved to New York State since. I haven't had any income from Maryland since beginning of 2014, and I expect ...
-4
votes
0answers
13 views

What is the discount rate in the real project [on hold]

how can i analysis discount rate and effect of discount rate in to the financial analysis for country have a capital control how can solve the problem for fiance the project in the analysis of fiance ...
-2
votes
0answers
24 views

Shared home ownership issue [on hold]

A close friend purchased a home jointly with a woman in some ten or more years ago, I married couple. Within the first year the woman left the home leaving behind her daughter from another ...
0
votes
1answer
24 views

What diference are between carryover and carryforward in U.S. individual tax?

What diference are between carryover and carryforward in U.S. individual tax? Are they both to apply some current things to the taxes in the future? Carryover looks like only applied to the capital ...
1
vote
1answer
37 views

Do Credit card companies only process your transactions or pay for them?

Or do they actually pay for your transactions using money they've borrowed from the issuing bank ? ie, is the bank lending the credit card holder the money or is the bank lending money to the credit ...
1
vote
1answer
26 views

How to check about my unfiled tax return 15 yrs ago in the US or how to determine if I still have unpaid taxes to pay

I believe I may have some unfiled tax return in the US 15yrs ago. Although I filed for the 1st yr of my employment before and paid my taxes my last remaining months back then I believe I left without ...
1
vote
1answer
37 views

Can I withdraw cash from selling investments before the settlement date?

If I sell stocks, will I be able to withdraw cash from the proceeds that same day or will I have to wait until the T+3 settlement date? Does it depend on the brokerage?
0
votes
1answer
28 views

How early in a year can one report tax in U.S.?

Each year, I am almost always behind in reporting my tax. Besides I am often busy and may be forgetful, there are other reasons: Firstly I am not sure when W-2 forms, 1099 forms, ..., and other tax ...
0
votes
1answer
28 views

Accounting for paying bills for (and being reimbursed by) another person

I an currently using Gnucash to manage my expenses. I am new to double-entry accounting and find many aspects of it to be confusing. Here's a situation that currently happens monthly. I'd like to know ...
1
vote
1answer
24 views

Unclaimed Foreign Inheritance

I do not know where to start. My grandmother died in July 2011 in Guangzhou, China (she is a Chinese citizen). She owned an apartment, and money in her bank account(s). The biggest problem in this ...
-1
votes
0answers
35 views

How to take advantage of a credit card balance transfer offer

My credit card company is giving this1 time only offer: Since my limit is 8000 and since I spent only 2000 this month, 95% of the balance =5700 $...they would like to deposit in my checking account. ...
3
votes
1answer
68 views

MasterCard/Visa: For my second card should I stay with the same network?

I have a card in a country, and want to create another card in another country for convenience reasons. Let's say the terms of both networks are very similar for me, so I have no special reason to ...
-2
votes
1answer
27 views

What is the discount rate of a bond by default? [on hold]

What's the rate, and what's the compounding (annual, semi-annual)?
-1
votes
0answers
35 views

Looking for expense software that has these three features [on hold]

I've been having a hell of a time finding expense software that has three features: To reconcile with my banks accounts and credit card accounts Can accept digital pictures of my receipts, and ...
1
vote
3answers
110 views

Loss from selling mutual funds and tax in U.S

In my last year's tax form (1099 form) from a brokerage company (TD Ameritrade), I don't find my loss realized when I sold some mutual funds last year. TD Ameritrade said that the 1099 doesn't ...
-1
votes
0answers
36 views

Consolidated personal finances tracking solution [on hold]

I'm looking for some way to automatically collect my transactions and balances from my various accounts, add up what I have, subtract what I owe, and show me how things stand. There's my main ...
-4
votes
0answers
34 views

Why don't we discount the present value? [on hold]

Shouldn't we discount 379.08 by 1.1^(334/365)?
4
votes
1answer
35 views

Should I convert all my money to local currency when I study abroad?

I'm just turning 21 so I really have no experience with currencies and banking systems. This is the first time I travel outside my mother country. I'm accepted in a postgraduate study program and I ...
4
votes
1answer
43 views

Whats the difference between a qualified and an unqualified covered call?

I own various shares that I want to start writing covered calls on but I've heard about differences between "qualified" and "unqualified" covered calls. What's the difference? All I can find is that ...
3
votes
1answer
83 views

Do I build credit at the same rate when my wife and I share a card?

I searched for this question and found a similar one but wasn't able to find the answer to specifically what I'm asking. My wife and I share a credit card. I believe that she's actually the primary ...
2
votes
0answers
16 views

What is the added advantage of a broker being a member of NFA in addition to IIROC

If my broker is a member of the national futures association, what extra protection does it give me over the fact that it is also a member of IIROC? I am particularly referring to this: ...
6
votes
1answer
52 views

Low risk withdrawal from market. Is there a converse to dollar-cost-averaging?

In the article by Carson C Chow linked by "The mathematics of dollar cost averaging" it is explained that investing a fixed amount of money each time period gives a lower expected cost per stock than ...
10
votes
2answers
630 views

When the market price for a stock is below a tender offer's price, is it free money (riskless) to buy shares & tender them?

For instance, on March 11, 2014, Jos A Bank (JOSB) agreed to be acquired by Men's Wearhouse for $65/share in cash. A tender offer to existing shareholders was set to expire on March 19th. On March ...
2
votes
2answers
79 views

Auto loan and student loan balance

I have a student loan of around INR 11,00,000 (~USD 18,240) at 13.7% APR. I have an auto loan in the US for USD 10,000 at 6.35% APR. I am aware of the high interest rate on my auto loan and wish to ...
25
votes
7answers
4k views

What are some creative ways to run up my credit card bill without any cost to me?

I got a new credit card with a very large signup bonus - as long as a minimum amount is spent on the card in the first 3 months. I usually don't go for things like this but in this case the bonus is ...
2
votes
1answer
35 views

Futures margin requirements, can more than the initial margin be used to open a contract

Futures margin requirements can be a low percentage in relation to the size of the futures contract. Sometimes, you are only putting down 3% or less to profit from the price appreciation/depreciate ...
2
votes
2answers
109 views

Is it acceptable to balance transfer a credit card's balance to itself?

Is it acceptable to balance transfer credit card debt to the same card? Often, balance transfer promotions come as checks in the mail, and I learned that you may write that check to yourself and ...
2
votes
1answer
55 views

How to contact the IRS to determine if your taxes have been filed by a CPA?

As a follow-up to my other question: How can I avoid being fined or penalized because my accountant might have failed to file my taxes on time? I have not received any contact from my CPA other than ...
0
votes
0answers
20 views

Bank Reconciliation HW Question [on hold]

I'm not sure if this is the right Stack Exchange for this question. If it isn't I apologize. I have an Accounting project I've been working on. It's a bank reconciliation using data provided. Bank ...
1
vote
1answer
46 views

Deadline to amend a 1040 tax return filed late?

Generally, you can file 1040 up to three years after the original deadline for filing. So if a person just filed for 2010 (due April 15, 2011) on April 15, 2014 (three years later) and new see an ...
3
votes
1answer
89 views

How can I avoid being fined or penalized because my accountant might have failed to file my taxes on time?

I decided to use a CPA because my tax situation got complicated this year. I have attempted to contact my accountant several times and cannot get a response from him at all. It is now after the ...
0
votes
2answers
103 views

Is buying co-workers lunches(reimbursed by them) taxable?

Every day, I go out and buy 10 people lunches and they pay me back. I mostly break even, but may come out a couple dollars ahead. Do I need to claim this on my taxes? Thanks
0
votes
1answer
26 views

UK Expat with BVI company, can my company bank in the UK

I am about to leave the UK and travel constantly. I am a UK citizen but will become non resident when I leave. My business is run online and I need a business bank account within the EU to receive ...
2
votes
2answers
73 views

Is it inadvisable to leave a Roth IRA to charity upon death?

Short version: I have (for example) $50K of assets in pre-tax accounts, e.g. a traditional IRA, and $50K of assets in my Roth IRA. When I die, I want to leave $70K to charity and $30K to my siblings ...
2
votes
2answers
52 views

What to do if a state and federal refund is denied direct deposit?

I helped my girlfriend file both her state and federal taxes this year. We 'share' a bank account, but her name is not on the account (the bank currently does not offer joint accounts, otherwise it ...
0
votes
1answer
43 views

Free cash flow and capex on morningstar.com

When looking at for example Netflix’s cash flow statements here http://financials.morningstar.com/cash-flow/cf.html?t=NFLX&region=usa&culture=en-US&ownerCountry=USA, there is a big ...
0
votes
1answer
80 views

Automatic Extension online filing request gets denied w/ code R0000-052-01 - why?

I am trying to e-file, using the FreeFileFillableForms website, an extension request (F.4868). I have no tax due, and expect a couple of thousands in returns once I file the complete F.1040. ...
0
votes
1answer
30 views

Tax implications of selling part of land associated with main home

My wife and I are considering splitting off a portion of the land attached to our main residence. Will this be taxed as a capital gain? Can the money be put towards the mortgage and not be taxed? ...
1
vote
2answers
61 views

Can an ETF's expense ratio (fees) change after I buy it?

In researching ETFs I've found a lot of dire warnings about expense ratios. Evidently, they can really eat up your money. Ok, so look for funds with low expense ratios. But, if I understand this ...
1
vote
1answer
20 views

Can I claim a full tax deduction in India of the entire amount withheld from my U.S.-source income?

I am an Indian citizen resident in India. Say I earn $1000 from a US source. They withhold 30% since I haven't provided an ITIN in my W8ben. So I get $700 in hand. I understand that I have to report ...

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