2
votes
1answer
196 views

Is it a good strategy to +cash out refi every six months?

I was speaking to a coworker, who says he uses the following strategy: He refinances his house every 6 months with a +cash out refi (a refi that has negative closing costs). His argument is that ...
1
vote
1answer
13 views

Should an employer file a tax withholding exemption form for non-resident workers?

I'm classified as a non-resident alien because I don't pass the Green Card Test or the Substantial Presence Test. My income is, according to this, not U.S. based, even though I get money from an U.S. ...
0
votes
0answers
30 views

Filling in W-8BEN for a UK Ltd Company

I've recently started a UK Limited Company and I'm trying to fill out W-8BEN (Link here) so I can receive payments for showing ads provided by Facebook, but the terminology is totally foreign to me. I ...
3
votes
1answer
73 views

How much is one “lot” of EUR/USD?

In a foreign exchange market, what is the meaning of buying 1 lot (100K) of EUR/USD? Does that mean we have USD 100K, and we are exchanging it for Euro? Or do we have EUR 100K, and we are exchanging ...
2
votes
2answers
114 views

What's the best use for this money? Its only a small amount but can make a big difference to me

Around two years ago, after working and living in France for a year I came back to the UK and was £11,000 in debt due to 2 credit cards and an Apple loan for some computer equipment. On top of that, I ...
0
votes
1answer
67 views

How can I compare the performance of a high dividend funds with other funds and or an index

I've been trying to do some investment due diligence. I'm looking at funds for a family member that needs some dividend income. Some of the high dividend funds that were recommended to me seem to have ...
1
vote
2answers
60 views

Offshore Bank account with Online International Wire-transfer facility for Indians

I am freelancer having Indian nationality and residing in India. I own and operate Sub-Affiliate program of US based company. I have Bank accounts in India which operates in INR (Indian Currency). ...
5
votes
2answers
77 views

What information is required in the top left (payor) part of a check?

I occasionally do consulting for people, using a business name rather than my personal name. I don't do enough work to justify setting up a separate business bank account, so all the checks I write ...
3
votes
1answer
34 views

Tax implications of receiving cash bonus from bank for a non-resident alien

Suppose that a non-resident alien, who occasionally visits the US as a tourist, but who also happens to have a social security number (issued while being on an academic visa many years ago), opens a ...
1
vote
2answers
56 views

S-Corp Estimated Tax Payments

I plan on splitting my s-corp income 50/50. I hope to make 80K this year, 40 on payroll, the other 40 as distributions (s-corp income). I’m figuring the first 40K will be, mostly, at the 15% bracket. ...
1
vote
0answers
90 views

Question about margin and investing

Lets say I have $10,000 cash in an account and margin buying power of $20,000. I sell a put that is worth $9,000 and it gets exercised. Will I be using margin since i have enough cash in the account ...
1
vote
1answer
43 views

Is US citizenship and/or residence requirement for “accredited investor” status?

I've been reading about founders fund, and i'm wondering (since this is not listed anywhere in the documentation) - is it possible for a non-US resident or citizen to participate?
0
votes
1answer
55 views

Compounded and Simple Interest Rates

Suppose we have a loan worth 10000 that is being repaid late as a lump sum on a given day 30 days after the due date. Suppose the original interest rate is 5% so that the amount owed before late ...
4
votes
2answers
492 views

How quickly are the funds from a bank deposit available via my debit card or a check?

I deposited a cashier's check into my account at 8AM, the account had nearly nothing in it. If I were to use the "credit" option on my debit card at the grocery store would I overdraw my account? Do ...
2
votes
2answers
49 views

Figuring flood insurance into financing cost

I've been keeping the mortgage on my house, even though I have the savings to pay it off, because it's at 3.8% and my investments are expected to return at least twice that. However: I'm in a ...
0
votes
0answers
31 views

For what reasons a bank deny basic saving account [duplicate]

I applied to open a basic saving account with Citibank few days back in Malaysia (I'm not a Malaysian citizen, nor I am an American). I work in Malaysia, and one of the strict conditions of the bank ...
3
votes
0answers
82 views

Over-payment by ex-employer into 401k

I left my old employer on 3/10/2014, however, I left my 401k there. Today I received an email indicating that they over-paid into my account $500 and that i need to identify which funds I want to ...
2
votes
1answer
70 views

How does DTI work while building a house?

Lenders are pretty consistent and clear about how DTI (debt-to-income ratio) is calculated and the limit of 45% for a traditional mortgage against a primary residence. New construction loans seem to ...
1
vote
1answer
92 views

Annuities and varying interest rates?

The gist: Let's say I have $12,000 and have $240 a week in which I can invest into an ordinary annuity. Let's say I invest $1040 a month as opposed to $240 a week. The interest rate is 3% p.a. ...
1
vote
1answer
43 views

GnuCash and ledger/hledger [closed]

I am using GnuCash 2.6.7 under Mac OS X 10.10.4 to do my personal finance. I have a fairly large account structure by now with many expense accounts to track different categories of spending. I would ...
0
votes
0answers
16 views

GNUCash - Associate imported data with checking account?

I am completely new to using accounting software (so please bear with me). I have been trying to capture historical account data from the last 11 months, so I downloaded a QIF file from my bank that ...
5
votes
1answer
79 views

Is there an IRS “use or lose” it rule on taking charitable deductions up to the 50% limit of AGI?

In 2014, I made a large cash contribution to my school. (As cash, this contribution is subject to the 50% rule on deductions, not the 30% rule.) At my expected AGI, and my expected level of other ...
3
votes
1answer
62 views

Sending money as gift to India from US

So, the story. A Indian citizen is working in US and is earning a lot of money. If he transfers 10K USD to parent's account in India as "Gift", then he can claim that amount to be tax exempted in US. ...
1
vote
2answers
101 views

Want to get off a home loan in TN

I am in a home loan with my ex-partner in joint tenancy. She is the primary on the loan paperwork. I would like to remove myself from the loan. Is that possible? She does not want to refinance in ...
1
vote
2answers
104 views

Real Estate: Please review my recent investment (with numbers from recent purchase)

I recently bought a brand new home as a rental property in Syracuse, NY: Price: $200,000 Down payment: $40,000 (20%) Monthly payment: $1,500-1,600 a month (~$800 mortgage + ~$700 for taxes) Price ...
0
votes
2answers
164 views

Learning investing and the stock market

I'm really determined to learn about the stock market, as well as the techniques and terms used in trading and investing. The problem is that there's no one to point me in the right direction, even ...
2
votes
1answer
47 views

capital gains on foreign investment

I recently sold a property in Panama. A capital gains tax was imposed by Panama at time of sale. As a U.S. citizen will I need to pay another capital gains tax?
4
votes
1answer
93 views

How long does a retailer have to take payment?

I made an e-commerce purchase in January 2015, for which I used a credit card. The product was delivered promptly; no problem there at all; however the retailer failed to debit my account until around ...
3
votes
3answers
646 views

Finding out actual items bought via credit card issuer and not the store receipt?

When one goes to the grocery store, one receives a receipt that lists all the items one has bought, with the name of the item and its amount. On my credit card statement (BoA), I only see a charge ...
2
votes
0answers
34 views

How do I take the state sales tax deduction if my spouse lives in another state?

My wife and I live in two different states, and I'm currently in the process of filing our 2014 income tax return. We are Married Filing Jointly. I have income from only the state that I live in, and ...
1
vote
1answer
60 views

Does investing in index funds on a monthly basis involve brokerage fees?

Let's say i want to invest in some index funds, and i know which ones to go for. Let's say i can also make the initial required minimum investment. My question is, will an automatic investment plan ...
1
vote
0answers
64 views

Who is rightful owner? [closed]

I am the only person who appears on a car title. However, I am not the main applicant on the loan for the car. The main applicant is making the payments and driving the car, but refusing to refinance ...
0
votes
1answer
209 views

Can I be held to what a rental lease says if the landlord misinforms me about what it says?

However, he claims that according to the contract I have to inform them 2 full months in advance (by a certain date of the month, so effectively 3 months now) in order to leave or be responsible for ...
2
votes
2answers
88 views

How to calcuate forward exchange rate or interest rate parity?

Suppose USD/SGD 1.35-1.39 bid and ask. Given the bank quoted interest rate on USD is 1.96% - 2.083% pa and interest rate on SGD is 3.5% - 3.656% pa. How to calculate the forward bid and ask exchange ...
12
votes
2answers
852 views

What's the best way to invest for making regular donations?

Up until now, I've been making my donations to charity in a very naive way, by just skimming the top 'x'% off of my raw income and using that bucket for donations. Recently, I have been making more ...
1
vote
0answers
33 views

Is it possible to open a US bank account without being physically present or having a SSN/EIN? [duplicate]

I want open business bank account in Michigan. I have not SSN. I have EIN. My friend is in Michigan. I don't want to go USA just for open Bank account. Is this possible to open business account online ...
3
votes
1answer
55 views

What is a mutual fund “high water mark” and how does it affect performance fees?

Quick question to you guys, I'm not entirely sure I'm grabbing the concept of high water mark for mutual funds. So, if we consider the following example (to see if I understand); I'm an investor in a ...
1
vote
1answer
25 views

In which infrastructure bonds should one invest to avoid capital gains tax after selling a property in India?

This is a follow-up question to Taxes on sale of property What are the available infrastructure bonds and can one withdraw that amount at any moment or some lock-in period is there? How capital ...
0
votes
0answers
23 views

Second Home Loan to purchase father's share property already financed under First Home Loan in our joint names [closed]

I have taken a Home Loan for construction of a house building on a plot jointly owned by my father and myself. The Loan is being repaid out of my income. Now, my father wants large cash from me for ...
2
votes
0answers
39 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 ...
1
vote
1answer
44 views

Would I lose my vested RSU shares if I left the company?

I had some RSU shares vest back in February. About a week later the stock fell so I never sold them. I'm considering a new place of employment, and wondering if I would lose these vested shares if I ...
1
vote
2answers
46 views

Where can I find information on a stock's daily buy/sell block distribution?

For example: If a stock trades 100K shares in a given day then I want to be able to clearly see the distribution of those trades in terms of blocks. If there were 10 10K-share blocks sold during the ...
5
votes
2answers
205 views

Future viability of Roths

In the spirit of this question, now 4 years later, I'd like to know if there are any concerns with the future "security" of Roth accounts. I'm currently maxing out mine and my spouse's Roth and ...
1
vote
2answers
119 views

Should I invest or repay my debts?

I work in an IT firm company with an average 10% annual hike. Currently I save around 35,000 rupees per month. My family has a debt of 19,00,000 rupees. For the next 5 years I do not have any major ...
3
votes
1answer
91 views

Can we legally pay my fiancee's mother as a sub-contractor with cash only?

My fiancée and I used to deliver paper routes. A year or so ago we decided to drop the route and transfer it to his Mother who has since been doing the job. The checks are still in my fiancée’s name, ...
0
votes
4answers
243 views

Is it wise to have plenty of current accounts in different banks?

Is it ok for an individual to open many (10+) current accounts with different banks? I have no business. The reason behind that is that I usually get a credit card with every new bank account I ...
0
votes
2answers
105 views

How to invest for the event of a US default? [closed]

I want to consider a special case of this question (so not a duplicate, in my mind, but forgive me if that's incorrect in the eyes of moderators). What happens to my savings if my country defaults or ...
1
vote
1answer
53 views

Should I have to pay income tax on contribution to home office rent from company?

My girlfriend and I work for the same company based in the UK, and are being moved to New York City, where we will work from home (aside from some time spent visiting clients, say 20% of the time or ...
1
vote
2answers
34 views

Where or how can I model historical market purchases [closed]

I've been doing some research into the S&P PE Ratios and the correlation to the performance of the stock market. I'm looking for a place that I can test some of my theories out. For instance, If I ...
0
votes
0answers
32 views

Are Roth IRA dividends included in MAGI for healthcare.gov?

I have quite a bit of money invested in stocks in a Roth IRA, and I'm wondering whether I need to report that income when applying for health insurance coverage. My gut says no, since that income ...

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