1
vote
1answer
146 views

Can I file taxes on a home based business and deduct expenses even if I don't generate income?

If I had a Home Based Business and generated no income but had many expenses, can I file taxes? My expenses consisted of travel, dinner meetings with potential clients, etc. Can I file these ...
0
votes
0answers
14 views

Depositing the same check after it's returned

So I wrote a check to myself to transfer some money from one of my account at Wells Fargo to Bank of America. The problem is, I used wrong account to withdraw the money (checking instead of saving), ...
0
votes
0answers
19 views
+50

Inherited deferred comp by minors - tax advantageous approach

If minors who are not currently earning income were listed as beneficiaries on a deferred comp plan and owner of that plan passed away at age 63, what's the right approach to minimize taxes. From ...
0
votes
0answers
4 views

Foreigner wishes to open a US bank account

My mother-in-law has had bank accounts in the US for many years. She has a social security number but she is too frail to travel here. My wife has Power of Atty. giving her specific powers to open a ...
0
votes
2answers
16 views

Transfer money in my US account to brother's Non Resident External (NRE) Account in India

I'm a student in US on F1. I want to send 2k$ in my US account to my brother's State Bank of India NRE(Non Resident External) in India. There is NO rush in sending this money.. as in the money need ...
1
vote
1answer
72 views

Gift Tax and LLC with foreign partners

I will tell you what we would like to accomplish, what we know though research and we need advise from you what best way to carry the plan out. I. What we would like to do My Vietnamese wife has ...
-1
votes
0answers
16 views

The accounting equation [on hold]

Assuming that the total assets and total liabilities are equal to 10 and (5) respectively. According to the accounting equation: Assets = Liabilities + Owner's Equity is the Owner's equity going to ...
0
votes
0answers
4 views

Why did the inverse correlation of stocks and commodities stopped working in 2008? [migrated]

Usually, the commodities asset class is considered being inversely correlated with other asset classes, due to its nature of an input for manufacturing (if the prices of commodities go down, the ...
2
votes
3answers
119 views

How to withdraw money from currency account without having to lose so much to currency conversion?

I'm trying to withdraw some money from Barclays currency account, but I don't know how without losing so much on the unfair conversion rate. For example, I've found the following rates (as per ...
4
votes
2answers
740 views

Can I make use of my wife's unused personal tax free allowance to reduce our income tax?

I'm working full time (UK) and my wife is unemployed. Is there a way (legal of course!) for us to take advantage of her personal tax free allowance? If we were each earning only half my salary, we ...
4
votes
5answers
564 views

Retirement - Annuity or not?

I have a pension worth around £150k and am due to retire soon. With the new pension rules in the UK, what would be some good options to maximise my income post-retirement? Annuity - I will be ...
3
votes
2answers
195 views

How should I record invoices in foreign currency in GNUCash?

I'm a Canadian living in Canada and I've recently started a new contract with a client in the US. My previous contract specified payment in CAD while my new contract is in USD. I invoice once a ...
6
votes
3answers
323 views

Can I buy mutual funds from more than one company with multiple Roth IRA accounts?

I am a college student who is relatively new to investing. This summer, I opened a Roth IRA through T. Rowe Price and I have contributed $2,500. Can I open another Roth IRA with another company such ...
6
votes
2answers
262 views

Roth IRA: Vanguard vs Free Advisor's Mutual Fund

Background on myself: I recently turned 25 and became applicable to invest into my employer's 401K. Due to no matching, I have 3% allocated in as a supplemental retirement fund. Currently single, ...
-1
votes
0answers
66 views

How to get a girlfriend off a quitclaim when it was just signed and she is now leaving? [on hold]

I met a woman 5 months ago and were intending to be married. She moved into my house about two months into our relationship as she was giving up her place and was going to live in a trailer. A ...
1
vote
0answers
19 views

Platform for testing trading strategies [on hold]

I have been using eTrade for a number of years now for banking/investing. But I am wondering if there are better tools for testing trading strategies. I would like something that allows access to ...
0
votes
0answers
23 views

Need help with excel formula for health insurance policy

Before I even begin, I apologize for asking this question. It is HW and I should be doing this by myself, but I am just at a loss of what to add and what to subtract to end up at a end cost to a ...
3
votes
2answers
145 views

Is there a way to claim a car purchase in the tax return?

I purchased a car for $19K; $6K was paid upfront, and the rest is financed over 3 years. Is there a way I can deduct the car purchase in certain circumstances? This vehicle is primarily used for work. ...
4
votes
6answers
759 views

Digital envelope system: a modern take

Is anyone successfully using a digital form of the "envelope system"? I have some of the pieces, but have not figure out a complete process to automate. I am thinking of using a pre-paid debit cards ...
2
votes
0answers
6 views

Definition of “business” for the purposes of the IRS Foreign Earned Income Exclusion (2555)

Line 14 of the IRS Foreign Earned Income Exclusion form (2555) asks that one lists the days one was present in the US during the tax year. It then asks how many of those days were "on business", and ...
2
votes
2answers
43 views

What to look for when evaluating a mortgage lender?

When evaluating mortgage offers in the US for a primary residence, obviously the rate and fees is important to consider as it impacts the bottom line. Having a lender who is responsive when trying to ...
1
vote
0answers
41 views

Non-resident owning stock (not stock options) in US C corporation

Would a non-resident alien (no connection to the US apart from the company) owning founder/CEO stock of a private US corporation have to pay capital gains tax in the event that the company was ...
-1
votes
0answers
18 views

I would like to invest Rs 25000 to Rs100000 with the intention to earn **extra** money(interest/dividend) monthly [on hold]

I would like to invest Rs 25000 to Rs100000 with the intention to earn extra money(interest/dividend) monthly, whether it may be in Mutual Funds, Post Office schemes, Govt. Schemes, Bonds or deposits, ...
3
votes
1answer
24 views

What are the tax implications of earnings from the stock market (BSE)?

I am planning to sell all my stock and have all my money transferred to my own savings bank account. What is my tax liability?
0
votes
1answer
50 views

What are the running costs of owning a car, aside from fuel?

I'm getting a car later this year and saving up for it currently. However, as a first time car owner, I am not aware of the running costs of owning a car. Aside from fuel, what are the things that I ...
12
votes
4answers
1k views

Are there any statistics that support the need for Title Insurance?

Number of claims per year / per region etc. Can't seem to find any. Publicly available through the web would be nice too :)
3
votes
2answers
246 views

Australian superannuation - simple index fund investments with low fees [on hold]

I am a relatively young student with a fairly low superannuation balance. I am not expecting any substantial new contributions to be made to my super any time soon due to my income being largely ...
-5
votes
1answer
111 views

A goldsmith's hedging strategy, simplified

A goldsmith has bought 100oz physical gold for his trade and paid $1300/oz. He is going to be ready to sell his jewels in 3 months from purchase. In order to hedge against falling prices of gold, he ...
-6
votes
1answer
179 views

Meaning of “credit”

From Wikipedia - Credit (Finance): Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately ...
-2
votes
0answers
36 views

Attracting investors [on hold]

I am software consultant in Philly. I want to own real estate in Philly. So I'd like to find investors to give me money to put down on a mortgage on a place. I plan to live in the place and offer the ...
0
votes
0answers
25 views

Advice for applying for new credit with no history to lose

I have had a credit history for all of 7 months, and so I only recently (hypothetically) got a credit score. Now I would like to add a small loan and some better sources of credit to my wallet, and ...
3
votes
2answers
43 views

Choice between 2 false options in UK Tax rebate form

My wife stopped working in November 2014, and consequently we suspect she may have overpaid tax, and be able to reclaim from HMRC. We've found the relevant form to fill in (here, linked from this ...
-3
votes
0answers
28 views

Quick and economical way to transfer 1cr from india

I need to get 1cr (~$160K) from India to US, what economic and quick ways with minimal taxes are available?
4
votes
1answer
263 views

Is this comparison of a 15-year vs. a 30-year mortgage reasonable?

My wife and I are thinking about purchasing a home at some point in the next few years, which has got me reading about mortgages and trying to think through what would make the most financial sense ...
0
votes
2answers
369 views

How do celebrities protect their banking-related identity?

Wanted to know this for a very long time, but not sure what's the best place to ask. Their information is everywhere, and public. Like movie stars, pop stars, etc. I know some use a company account, ...
0
votes
2answers
18 views

Citizens Bank: What counts as a 'qualified online bill payment'?

I am hoping to get the $200 bonus through this offer. One requirement is that I must post "three qualified online bill payments". My question is: What counts as one such bill payment? Does it have to ...
1
vote
1answer
13 views

“Notification from Department for Work and Pensions” in tax rebate claim - UK

My wife stopped working in November 2014, and consequently we suspect she may have overpaid tax, and be able to reclaim from HMRC. We've found the relevant form to fill in (here, linked from this ...
2
votes
1answer
23 views

Pros and cons of different methods to transfer money from India to the U.S.?

I live in India, and I'd like to transfer money to a friend in the U.S., to settle a debt. Which of the following options work well: Give a rupee-denominated cheque. This would be denominated in ...
1
vote
1answer
117 views

How can I import customers and invoices from a previous year's Gnucash file?

I've been using Gnucash for the past year for small business accounting as a self-employed contractor. I've read that it's a good practice to create a new file for each year. Now that 2014 has ...
0
votes
0answers
22 views

real estate property that spans across multiple jurisdictions

Hopefully this isn't off topic, it's about real estate and this is the best SE site I can find. I'm looking at starting a business on a fairly large parcel of land. Once I looked at the assessor's ...
6
votes
3answers
999 views

What are my chances at getting a mortgage with Terrible credit but High income

I want to get a house in the near future(ideally within 6 mo. to a year) and my credit is very poor right now. Basically, I was working in a job that I could barely make it on, and missed payments on ...
0
votes
2answers
37 views

Is it possible to improve stock purchase with limit orders accounting for volatility?

As a retail investor that puts a certain monthly amount into equity, I was wondering which is the best way to proceed when purchasing stocks. By best I mean the one that would allow me to purchase the ...
2
votes
2answers
224 views

How can you find out what life insurance a deceased person had?

So it seems like the way life insurance is supposed to work for a deceased person is that the beneficiary is supposed to somehow inform the insurance company of the insureds death (presumably by ...
0
votes
0answers
14 views

Bookkeeping - Different file for every year or all-in-one? [duplicate]

I kinda new for the bookkeeping (from year 2014), for personal use purpose. Using computer software (GnuCash). I would like to ask that, do it necessary to use different/separate file for every year? ...
3
votes
2answers
52 views

Division of Proceeds from sale of house

I bought a house ten years ago with a friend and I put down the 20% deposit. We have been fighting for years and recently decided to sell the house. We bought the house as joint tenants with right of ...
0
votes
1answer
50 views

How do I get my name out of a bank car loan?

I financed a car and have the title in my name only. My Significant other and I were making the payments together. I had been letting him drive the car while we were together, but after we broke up he ...
0
votes
1answer
60 views

Supplemental Insurance for Martial Arts Students

I would like to know if there are supplemental insurance policies for people who study martial arts (living in the United States). Specifically, I would like to find a policy that covers injuries that ...
1
vote
1answer
64 views

Can my contribution to 529 plan vary monthly?

I want to start a 529 plan for my son. I am not sure if monthly contribution has to be fixed or I can increase/reduce my contribution as per my financial situation. E.g. if I lose my job I may decide ...
1
vote
1answer
51 views

Reporting ESPP ordinary income on shares purchased living in Europe

I have shares acquired through an American company I was working for. They were purchased through the company ESPP plan. I was living and being paid in Europe at the time ( I am not a US citizen). 10 ...
2
votes
3answers
53 views

Are a bond's yield and interest rate the same thing?

Are they the same thing? Is yield the annualized return rate? Why when yield rise, yearly return increases, but price falls?

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