-1
votes
1answer
33 views

What are tax implications of short vs long term capital losses?

I have read in multiple places that you can use investment losses of up to $3,000/year against your taxes. Is this as a deduction or credit? Does it count as an addition to itemized deductions or is ...
1
vote
3answers
3k views

Do we need to provide correspondent bank information for wire transfers?

I have some bank accounts with international banks like SC/HSBC/Citi. Here is the template which they provide for international wire transfers. Is it necessary to provide Correspondent Bank ...
-1
votes
0answers
9 views

How to reduce income tax in India?

My salary is 450000 per year and tax deduction as below. Main ammount - 450000 Taxable amount - 250000 Salary per month - 20833.3333333333 Monthyl paid tax as per 10.3 % + 200 Professional ...
0
votes
1answer
14 views

COBRA and “in progress” expenses

I'm leaving my job in a few days, and I have significant "in progress" dental expenses. I haven't received any official COBRA information yet. I'm worried that any appointments after my last day at ...
2
votes
1answer
25 views

Withdrawing HSA excess contributions?

I just got married a couple of weeks ago. I have a self-coverage only HDHP through my employer, with an HSA funded by my employer ($3000 per year). My husband has a family-coverage HDHP through his ...
0
votes
1answer
19 views

If I roll over my retirement into an IRA, can I pay off my school loans at the same time without having that sum penalized?

I want to roll over a lump sum of retirement funds into some type of savings account, but want to designate a certain amount of it to pay off school loans. Can I do it without being taxed and/or ...
0
votes
0answers
16 views

Amendment After 3 Years That Increases the Tax

I had filed 2010 US tax returns to the best of my knowledge using one of the famous online websites. Fast forward now (2014), I realized that I was in US for half a year and should have filed as ...
-1
votes
0answers
9 views

When is an option a certain number of strikes in the money

What does it mean when someone says:this option is one strike in the money or that option is 2 strikes in the money and so on and so forth? I understand in the money,at the money and out of the ...
1
vote
2answers
99 views

Live in Florida & work remote for a New York company. Do I owe NY state income tax?

I have been down in Florida for the past 3 1/2 years and continue to pay New York state taxes out of the money I earn for a company I work remote for that is in New York. Should I be paying New York ...
-1
votes
1answer
89 views

Why does shorting a call option have potential for unlimited loss?

Referring to http://en.wikipedia.org/wiki/Option_(finance), for a short call: If the stock price increases over the exercise price by more than the amount of the premium, the short will lose ...
0
votes
0answers
28 views

What should I do if I have not received my income tax refund 7 months after I filed?

I am a non-resident alien, and I sent my 1040NR-EZ together with other supporting documents in March 2014, and I received a letter from IRS in April saying that they needed more time in processing my ...
1
vote
2answers
277 views

How much tax should I pay in US on interest earned on my NRE a/c in India?

I am a person on H-1B who passes Substantial Presence Test. I have transferred money which I saved from my salary to my own NRE account in India. I think that I can transfer any amount without paying ...
11
votes
2answers
936 views

Personal budget forecast/tracking solution

I am using mint.com for tracking my money, and it works quite well, with one exception: mint.com is mostly backward-looking, i.e. it captures only stuff that already happened. So I am looking for a ...
0
votes
1answer
14 views

Difference btw Tom/next and Tom/Spot in Fx

I know that for Tom/Spot swap the near leg is settled T + 1 and the far leg of the swap is settled T+2. However, is a Tom/Next same as Tom/Spot swap?
2
votes
6answers
163 views

UK: Personal finance book for a twenty-something

I am interested in learning more about personal finance. I'm in my early 20's, and I recognise that now is a crucial time to form a solid financial footprint for myself. I live in the UK, but worry ...
0
votes
0answers
14 views

(US) What is the deduction for gifts of appreciated stock with restricted registration rights?

I have appreciated stock that I am allowed to give away to charitable transferees, but those transferees will have restricted registration rights for 12 months. They cannot sell the stock for 12 ...
0
votes
3answers
3k views

Are there restrictions on refinancing after a short sale

I previously had two mortgages and last November completed a short sale of my second home (which I owed $410K) that was not my primary residence. I missed 10 payments leading up to that short sale. ...
0
votes
0answers
23 views

How much cash in INR can I carry while travelling India? I need other carrying options too [on hold]

I am a Canadian citizen and visiting India for 3 months. How much cash can I carry and what are the forms and procedures? Where can I get my money converted in Canada? What are other option to use ...
0
votes
2answers
59 views

Value of put if underlying stays below strike?

If ABC stock is trading at $5 and I buy the Jan 15 strike put for $8.25, what happens to the value of this put at expiration if ABC only meandered between $5 to $7 during the entire period?
3
votes
1answer
66 views

When to apply for RRQ (Régie des rentes du Québec) benefits: earlier, age 65, or later?

My 60 yr old spouse just retired on RREGOP. Should she wait until she's 65 to take RRQ (Régie des rentes du Québec), or even 70, or should she take it now, early, at 60? I am semi retired myself. I ...
1
vote
4answers
99 views

How might trading volume affect future share price?

I want to know how to determine the coming ups and downs in share price using the trading volume that can help me analysis for coming events. Is there any reasonable technique for this purpose? For ...
1
vote
1answer
61 views

Freelancing as a Technical Support Advisor

I am freelancer from India providing technical assistance to people in UK and US. I get these numbers from different companies in India who are not able fulfill customers needs. Is it possible for me ...
14
votes
7answers
1k views

Investing small amounts at regular intervals while minimizing fees?

My daughter is about to turn one year old and I'd like to start some sort of investment account for her. The purpose would be to invest her birthday and gift money into the stock market each year. I'd ...
1
vote
2answers
490 views

T4 and RL-1 (Employment Income)

I'm filling my tax return using ufile. For T4 and Employment Income they have two options: T4 and RL-1 (Relevé 1) income earned in Quebec T4 and RL-1 (Relevé 1) with CPP contributions What is ...
2
votes
2answers
681 views

Should I finance rental property or own outright?

I own a rental property outright (no mortgage). We will most likely hire an accountant for at least our first year of doing this, but I wasn't planning on doing this until tax time. I am new to the ...
6
votes
3answers
1k views

Why is it that stock prices for a company seem to go up after a layoff?

I've been looking to buy some stocks recently, and have been curious about something. I'm looking to invest in some tech companies, and wondering why is it that when they announce layoffs, the stock ...
1
vote
1answer
33 views

Income tax calculate on your per company or on my total income in year?

I don't know if this is right place of ask this question. But still need to ask. Now I start financial year with by company A. So company A only provide final settlement account ( including AVP ) in ...
0
votes
0answers
20 views

What is real economic transaction for VEBA?

I'm reading Corporate-owned life insurance, and it states: ... COLI is most common for senior executives of a firm, but its use for general employees is still sometimes practiced, primarily as a ...
0
votes
1answer
17 views

Accounting: Why only fixed asset purchase and not also fixed asset sell? [on hold]

In the cash flow statement of a company there exists the line "Fixed Asset Purchases". So this means buying a fixed asset (machinery, buildings) and this cash amount will pop up in the cash flow ...
4
votes
3answers
4k views

Does a US LLC need to file taxes if owned by a foreign citizen?

I am an Indian citizen living and working in the Indian software industry for many years. I am also a regular tax payer in India. Due to the overseas client growth in US, I am planning to setup a LLC ...
0
votes
2answers
56 views

Can I open a Demat account in India from abroad?

I want to trade Indian stocks online and will require a demat account with an Indian bank. I have my PAN number registered and all documents in place except the voting card. And I live in Nepal. Can I ...
4
votes
1answer
99 views

Unable to withdraw money from Paypal in Andorra

I live in Andorra. I have an Andorran Paypal account, with a linked Credit Card. The account is fully verified. Right now Paypal only offers cashout withdraw options to USA bank accounts for Andorra ...
10
votes
3answers
694 views

How does tax work with donations?

My understanding of the gift tax is that the donor has to pay the tax, but up to a limit they don't have to pay tax. I'm a developer. Suppose I offer my software/libraries/blog for free on my site ...
0
votes
2answers
116 views

Interactive Brokers Margin Accounts

I've read the margin documentations on IB but am not sure given the following scenarios. I have a reg-t margin account trading stocks/etfs. Scenario 1: I do weekly re-balancing of a portfolio of ...
1
vote
1answer
126 views

Filling Balance sheet in ITR4 for freelancers

I'm trying to fill ITR 4 for the first time. I'm a salaried professional with a side income from freelancing. I earned around 3 Lacs plus from freelancing. In ITR 4 there is a section - Part A ...
-1
votes
0answers
36 views

Consiquences of joining the Board of a NFP immediately before it declares Bankruptcy

What happens to a person who has been elected to an executive position, in the running board of a Incorporated Not For Profit organisation, when it files for bankruptcy? Does it show up on your ...
1
vote
1answer
111 views

Buying property in India : joint owner

I am on H1b visa in USA and thinkg about buying property in India. I have a lot of confusion in this matter. Should I buy property on my own name? or me and my father's joint name? If I keep my ...
5
votes
2answers
67 views

Tax deferred savings limits and early retirement possibilities

I've been listening to some financial independence podcasts where people claim that if you save 75% of your income into tax deferred retirement accounts, you wind up paying no income tax even with an ...
-3
votes
1answer
37 views

Loan for treatment

Getting loan from parents property. Both Mother and Father have expired. We are 7 member (5 brother & 2 Sisters ) , property is in name of our parents. For emergency we require loan for treatment ...
1
vote
2answers
79 views

What kind of credit card transactions generally count as a cash advance?

I understand that if I use my credit card to get cash from an ATM, that counts as a 'cash advance'. Are there any other credit cards transactions that don't involve taking cash from ATM that count as ...
0
votes
1answer
30 views

What are my investment options in Australia?

My current bank offers a 3.63% interest rate. I have about $7k in flexible money that I could put in potentially good investments. Right now, I'm only familiar with Term deposits, the stock market, ...
-1
votes
0answers
19 views

How to calculate quantity of sales products to double the profit [on hold]

I'm sorry if this kind of question is off-topic here, althought I have read the rules, I kind of think this is a suitable question to ask. I would love to know how can we calculate the sales ...
2
votes
1answer
109 views

Looking to invest a part of my savings in state loans (bonds), how do I approach this?

I've read in several sources that once you have a certain amount of money it makes sense to invest it, rather than putting it in a savings account. Which makes sense since taxation on investments can ...
-3
votes
0answers
42 views

Build retirement when debt free [on hold]

Might want to retire early in 15 years and volunteer full-time. Am debt-free. What is the quickest way to build up a secure retirement for a long life.
0
votes
0answers
20 views

USD commission in saving account? [on hold]

I have open a small trading company which connect buyers with sellers.Against that we receive small amount of commission from Manufacturer in USD. Can I ask them to deposit these in my saving or ...
-4
votes
0answers
36 views

Is it a good idea to invest in CryptoCurrency? [on hold]

I'm already doing this to an extent, but wondering if I should do more? Currently a friend who is more into the crypto currency stuff than I will probably ever be started up his own kind of brokerage, ...
-3
votes
1answer
68 views

MintCoin App. Do we actually get money? Is it applicable outside US?

I came across this app MintCoin which claims to give you points equivalent to some US dollars for downloading apps or watching videos. I'm wondering if it actually works or just a way to fool people? ...
3
votes
2answers
106 views

Formula that predicts whether one is better off investing or paying down debt

This is more of a statistics/probability question but the implications for personal finance are obvious. Let's say you have extra cash (assume tax-advantaged space is already maxed out) and are ...
-1
votes
1answer
16 views

How does delta of an option change with time if underlying price isconstant

In his book 'Option Volatility and Pricing', Sheldon Natenberg writes that if an option has a delta of 92 with 3 months to expiry; and then 2 months pass and the underlying contract does not change in ...
1
vote
1answer
37 views

Interest on a deposit

In NC Can I sue for the interest on a security deposit that was in escrow for over 12 year's? My former landlord died and my deposit was with held unlawfully , can I sue for three time's the amount of ...

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