0
votes
1answer
52 views

My salary from Dubai to India in INR ; taxable or not

I am working in dubai since 3rd may 2013 to till date and receiving my salary in INR in India in ICICI Saving account. I have not filled my ITR. I wish to know : Can I fill my ITR now and what is ...
4
votes
1answer
90 views

Tax consequences of forwarding an international wire

I need to legally and quickly transfer $300,000 from China to my US bank account. All of the funds that I need to transfer were obtained through legal means (with proof documents), however China has ...
0
votes
1answer
37 views

Foreign student and substantial presence test

I am an international student on F-1 visa for the past three years. I have maintained F-1 status throughout these years and F-1 is the only visa class I enter the US with in the past three years. I ...
2
votes
2answers
60 views

Which IRA Account would be ideal for my age group?

I am around 33 years old and have only 401 K Account.My employer doesn't participate in my 401K Contribution. Since June, I am contributing 20% of my 401K. I don't have IRA Account. I live by ...
10
votes
4answers
777 views

Beginner questions about stock market

I want to enter the stock market, but I still have some questions that I want to ask before I start. If I bought 1 percent share of company X, but unfortunately it closed down because of some ...
2
votes
1answer
56 views

Index Fund Style: Blend or Value and Growth

I am trying to put together a portfolio and I am looking at ETF index funds. As i cover the different sectors, in the past I have had small, mid cap and large cap funds/etfs with both Growth and value ...
0
votes
0answers
22 views

Crisis Safe International Savings Account

I am a non-US national living in a non-US country and I am planning to liquidate a smallish amount(about $10k) of my US dollar assets and set them aside to have some buffer for my family in case of ...
0
votes
0answers
53 views

Getting a car title when I lost the original after purchase

I recently bought a car, signed the title (with a notary), then lost the title before I could submit it. Is there any way I can still complete the process of titling the car in my name? The previous ...
1
vote
1answer
22 views

Forward price, price of a forward contract, value of a forward contract

I am confused about the following terms: forward price price of a forward contract value of a forward contract The Hull textbook says that the forward price F0 for an investment that pays no ...
1
vote
1answer
68 views

How to get loaned money back to US

I had loaned about 150 K money to a relative to purchase a house in India over a period of 8 years. The house never materialized due to some conflicts. My relative is returning the money back with ...
4
votes
2answers
55 views

Withdrawing a 403(b) account after leaving employment from a company

I left company employment in July 2012 and turned 55 years old in October of that same year. Am I correct in my understanding that if I withdraw my 403(b) account I will, of course, have to pay income ...
0
votes
0answers
23 views

Where does over-allotment (Greenshoe) shares come from? [closed]

I'm just wondering, if following an IPO the share price goes up and the underwriter calls the option, where do those extra 15% shares come from? Does the company have to issue more stock to cover the ...
8
votes
4answers
1k views

Co signing a loan and having them leave the state with no contact information

I helped my now ex get into school by co signing a loan. I have made great attempt on contacting her through friends and family. She has left the state and won't talk to me about our responsibilitys. ...
1
vote
1answer
46 views

How can I calculate the exposure of future option? [closed]

quantity * delta * index quantity * delta * (index - strike) quantity * delta * min(index - strike, 0)
3
votes
2answers
96 views

Double entry for mortgage

Q. What entries should be made for mortgage and interest only repayments? For info I use GnuCash. Situation: I have an interest (repayment) only mortgage of, say, £50,000. They added their fees to ...
1
vote
3answers
118 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 ...
4
votes
2answers
132 views

Seller not fixing agreed upon items

I am buying a home in AL, and am about 30 days away from closing. About a week ago the seller and I agreed upon a list of repairs via an Inspection Addendum and Request for Repairs. Today my realtor ...
4
votes
2answers
148 views

parents doing a downpayment on a house

The IRS let's you gift up to $14,000 to someone without the recipient having to pay taxes. So let's say my parents did the down payment (40%, let's say, of the houses value) of a house for me and I ...
2
votes
1answer
73 views

Current salary plans - criticisms and suggestions for improvements for a 21 year old

Hi everyone. I am 21 years old, working full time for the government as a Web Developer, and I'm looking to make the smartest decisions for my money. Assuming I get $2100 per fortnight, my planned ...
1
vote
2answers
35 views

Are capitalization rate and net profit margin the same thing?

If capitalization rate is the value of the property divided by the net return, how is that different from the net profit margin?
1
vote
1answer
29 views

Can forming an LLC be beneficial when earning foreign income?

I'm a full-time salaried employee in the US. I have the opportunity to do some freelance foreign work on the side while continuing to live in the US. Would it be beneficial to register an LLC and ...
3
votes
1answer
157 views

Given current market conditions, how / when should I invest a $200k inheritance?

Situation: I have $100k in an IRA with Betterment, plus just inherited $200k - currently cash. I'm 34 years old and salary is $97k, with no debt. Goals: IRA: growth of principle for retirement ...
0
votes
0answers
35 views

Splitting Net Sale Proceeds with a Mortgage Outstanding with Parents

My parents and I each own 1/3 as Joint Tenants (with right of survivorship) as stated on the conveyance of the title deed in a principal residence that we all share. The old house on the land was ...
-1
votes
0answers
90 views

If I own over 50% of a company, do I decide everything? [closed]

For example, can I appoint myself as CEO and then make the CEO get paid the total amount of dividends, without paying dividends to share holders?
2
votes
1answer
22 views

Clarification on Taxation for Education Expense

I work as a Computer Programmer for a Healthcare Company. I am in the process of applying for Part Time - Master's Graduation Program in Healthcare. I wonder whether i would be able to get Tax ...
0
votes
0answers
36 views

Handling expenses for corporate tax in GnuCash

I am very new to the whole concept of book-keeping (Read GnuCash help - that's it) at the moment and was wondering if I could get some pointers in here. I am running a micro limited company (One ...
2
votes
2answers
118 views

Balance Sheet Retained Earnings

Trying to get my head around a balance sheet and can't make sense of the fact that a company can make year on year profits and pay out dividends each year, yet the retained earning deficit increases ...
2
votes
3answers
272 views

How does Robinhood stock broker make money?

I recently downloaded the Robinhood app that states it charges $0 commission for its trades. If so how do they stay in business by doing this? Is there something they are leaving out?
1
vote
1answer
96 views

Borrowing from your parents on a mortgage, with money they borrow from a bank

Disclaimer: we know this is financially stupid, but this is my wife's health we are talking about. Yes we know we didn't make the most financially smart decisions Situation: We bought an house in ...
-5
votes
0answers
33 views

How much cash can a billionaire withdraw from his bank account? [duplicate]

Is there a limit ? Are there any special procedures ? (approvals, bringing the money from a central bank ?)
0
votes
1answer
172 views

How to calculate a leveraged ETF's annual return

If a "triple leveraged" ETF which returns are compounded daily is to be calculated for annual return. Will the annual return be three times the annual return of a unlevered S&P 500 index?
0
votes
1answer
36 views

Yahoo Finance not showing detailed information for foreign stocks

Since a few months, Yahoo's Finance section has stopped picking up some/all of the detailed information for foreign stocks. For example: General Electric's page - check the dividend yield line Bank ...
0
votes
1answer
64 views

Getting compound interest calculation wrong but don't know why

Investopedia says that the formula for compound interest is Ic = P[(1 + rN) − 1] Which due to the Order of Operations can be heavily simplified to Ic = PrN (and I checked via Wolfram Alpha ...
3
votes
1answer
43 views

Is there a time limit to cover an open short position? [duplicate]

Let's say there exists a stock X that I believe will soon embark on a general downward trend. I am interested in shorting X and decide to sell some quantity of X. I see my short position as being a ...
1
vote
0answers
52 views

How to understand “Money Market Purchase” and “Money Market Redemption” transactions in stock account?

In my stock account (TDAmeritrade if it matters), there are many transactions with description "MONEY MARKET PURCHASE", "MONEY MARKET REDEMPTION", "MONEY MARKET REDEMPTION (MMDA1)". What are they? ...
-2
votes
2answers
184 views

How does the “Rule of 55” work for avoiding early withdrawal penalties?

I didn't find this anywhere, but this is something not many people know.
1
vote
2answers
54 views

Translating a List of Monthly Payments from One Currency to Another

I have a list of monthly payments in Excel that looks like this: 01/18/2005 340.00 07/25/2005 270.00 05/10/2006 500.00 03/30/2007 730.00 10/01/2007 120.00 If the payment amounts in the second ...
1
vote
1answer
79 views

Looking for an ROI formula, brain is broken today

This is honestly a pretty simple problem, but for whatever reason I am not able to pull it all together. I was talking theoretically with a friend and neither of us can nail down the math so I coming ...
3
votes
2answers
353 views

Possess full down payment at loan application or settlement?

So, we just sent in an offer on a house stating how much we will pay in cash (down payment). I understand that this is transfered to the seller (along with the loan amount) at settlement. However, ...
0
votes
1answer
90 views

May I Invest as a non accredited investor?

I want to join a website where they allow only accredited investors to participate in investments that they manage. I am not an accredited investor. However, in the past, I worked for the company and ...
1
vote
1answer
95 views

Hedging your personal assets

I have been recently reading about how derivative instruments (options, forwards, future contracts) are used to protect your securities. I started wondering if its similarly possible to hedge your ...
2
votes
1answer
90 views

Employee Stock Option Shares - What happens when the company gets acquired

The company I worked for 20 years ago had given me stock options. When I resigned from the company, I had purchased the options that had vested with me. Subsequently bonus shares were allotted and my ...
3
votes
3answers
713 views

Understanding downside of triple-leveraged ETF

What happens to the price of the triple-leveraged ETF if the S&P 500 loses more than one-third of its value (i.e., the return is below -33 1/3%)? Does it mean the value is equal to zero?
3
votes
2answers
189 views

What does “100% stock dividend” mean?

What does it mean if the company give 100% stock dividend. For example I have 1,000 shares, I would received another 1,000 stock or share? I'm newbie in investing. Thank you so much.
1
vote
2answers
67 views

Accumulating money in a company and withdrawing as dividends

Let's assume that I incorporated a company and started providing consulting services for a fee; payments are transferred to a company's bank account. Once a year I distribute accumulated money as ...
1
vote
1answer
100 views

At what point is money considered to be my income?

I'm working as a freelancer via an escrow company. So my customer transfers money to the said company and then it transfers accumulated money to my bank account. Does the money count as my income when ...
3
votes
2answers
100 views

My ex sold our car that still had money owed [closed]

My ex sold a car that he and I bought together. Both of our names are on the title. We both still owe 10k on the car. But now that the car is gone the banks are coming after me. Is there anything I ...
1
vote
1answer
34 views

How to calculate taxes (really cost basis) on the sale of software-as-a-service product

here's the scenario: started an online software subscription product in 2008, the only product of the business. business that owns the product is a single-member LLC (disregarded entity) paid ...
6
votes
5answers
3k views

Can I pay $20 on my credit card daily?

Here's the scenario, I'm new to credit card and I'm a college student. I need to buy laptop for Fall Semester and my credit card limit is $800. The laptop that I want to buy is $700. If I purchase the ...
0
votes
0answers
35 views

FATCA: are capital gains “subject to reporting under Ch 3 of Subtitle A or Ch 61 of Subtitle F” of the IRC? [closed]

I am trying to make sense of an article in the FATCA agreement that regulates information sharing between the US and my home country. A passage refers to U.S. source income paid or credited to the ...

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