0
votes
0answers
5 views

Determining if an undergraduate scholarship stipend is eligible for an IRA

I'm a recipient of an undergraduate scholarship that covers full tuition and provides an additional annual stipend (paid directly to me) for general living expenses in return for employment after ...
0
votes
0answers
2 views

Can't withdraw from 401k because plan trustee can't be found

My previous employer (startup in Silicon Valley) was acquired by a foreign company about 2 years ago, and the parent company laid off pretty much everyone about 1 year ago, which I was a part of. I ...
0
votes
0answers
4 views

Coverage Provided by the Movers for an Out-of-State Move

This is taking place in the USA. In a few weeks, I'll be moving from one state to another (about 500 miles away). My new employer is providing the relocation. My employer has contracted a big moving ...
2
votes
3answers
26 views

Is asking to pay off principal first a placebo?

Some people say that in order to pay off a loan sooner, you should ask the lender to "apply your payment towards the principal", so that they won't "apply your payment towards the interest". From my ...
5
votes
3answers
69 views

Avoid paying off a mortgage early?

My mortgage is 3.5% fixed rate. I have enough money to pay off the remaining balance, and still have enough left over for an emergency fund. My investments have historically made more than 3.5% per ...
1
vote
0answers
6 views

What's the tl;dr investing rules for married Canadian citizens when one partner happens to have US citizenship?

Canadians with US citizenship have several things to consider regarding investments: Canada's Tax-Free Savings Account (TFSA) is not considered tax free by IRS, and filing taxes may significantly ...
0
votes
0answers
5 views

What phased out tax benefits should I be aware of (aka how much stock should I sell)?

I am married filing jointly in CA. I own a chunk of stock (~300k on a basis of 7k) in a company I formerly worked for that has recently IPOd. I'd like to diversify my holdings in a tax-smart manner. ...
1
vote
1answer
63 views

Accidentally withheld too much tax when cashing out 401K

My son recently cashed out his 401K. (He really didn't want to but it was necessary). When completing the form, he accidentally checked to withhold an additional 25% tax instead of an additional 5% ...
3
votes
1answer
98 views

Can expenses for attending stockholders meetings be deducted in U.S. income taxes?

I have a few different common stocks holdings from which I receive quarterly dividends. In addition I receive an annual notice of a stockholders meeting and of course the voting proxy. I have often ...
0
votes
0answers
7 views

Immigrants sending money back

When some part of a family in a poor country migrates to a rich country, the ones who migrated often send money back to those who didn't. I just heard that they on average pay 8.4% of that money just ...
2
votes
1answer
63 views

Tax NRI and returns filing

I was a NRI in Saudi Arabia from Nov 2009 to October 2011. I have transferred money from my Saudi Account to my NRI joint account in India. After which I transferred it to my own savings account in ...
0
votes
2answers
16 views

How old do I have to be to take a loan, and how should I go about the process.

I'm currently 16 and have been invited to attend a National Youth Conference for National Security in Washington DC this upcoming fall. I just moved in with my mom and this trip isn't exactly ideal ...
3
votes
2answers
82 views

Form 1040 - where to place my stipend?

I'm hoping for a second opinion because this is the first year that I will be filing a Form 1040 with my new travel job. I am a traveling occupational therapist with an income of $70,000 per year. Of ...
0
votes
0answers
6 views

How to categorize shared income?

I'm a total bookkeeping noob. My LLC has an agreement with another LLC where we split income coming from a particular source. As it happens the income comes to my business's bank account and then I ...
75
votes
22answers
13k views

Why would you ever turn down a raise in salary?

Related to a comment on this question: http://www.basicallymoney.com/questions/1256/is-it-true-that-income-tax-was-created-to-finance-troops-for-world-war-i Does it ever make financial sense to turn ...
6
votes
5answers
343 views

I've tracked my spending and have created a budget, now what do I do with it?

I have spent considerable time this year tracking my expenses and income so that I can have confidence in my household budget. I've been using an Excel spreadsheet that I found to track everything ...
0
votes
0answers
9 views

Credit card creditors have two approaches to handling interest

Most credit cards calculate interest at the end of the cycle and add it to the balance. This reduces the available credit and when overlimit the cardholder is required to make a larger than normal ...
-2
votes
1answer
13 views

E*Trade commission

I was wondering how the commission on E*Trade works. They say that they take 7 dollars for each transaction, but do they also take a percent of your earnings? Lets say that I made 3000$, would they ...
0
votes
2answers
132 views

What effect would a company delisting from the LSE to move to china have on shareholders?

If a company trading on LSE:AIM decides to delist and move to a Chinese market, what happens to the PI's and general shareholders?
0
votes
0answers
7 views

Leveraged Trade program

I was contacted by an acquaintance and introduced to a leveraged/trade platform program where I would put 10% (of what I needed) into a personal account with Citi Bank in my name only. In 90 days, I ...
2
votes
0answers
12 views

Will it be financially advantageous to rent out my condo on AirBnb?

I'm considering renting out my furnished 2BR/2BA condo as a daily rental. It is close to hospitals and is in Little Rock, the capital of Arkansas. I don't expect to make enough money to pay all the ...
1
vote
1answer
56 views

Which is more meaningful for individuals - inflation or cost of living adjustment?

I'm helping provide a neutral review of payscale changes at my office (as a non-financial person) and I'm not sure which metric to use when comparing pay raises to financial change. I understand the ...
10
votes
3answers
961 views

First time home buyer - Need suggestions and views on few things

We are a family of 3. Couple with one kid (2nd grade). We have been in states for 13 years. All these years we have been renting. So far I preferred to rent. But the rents are going up. Currently, ...
26
votes
10answers
5k views

Is it ever a good idea to close credit cards?

I have a bunch of credit cards with no balance, while others have fairly high balances. I'd like to close the 0 balance cards, but I know that will reduce my overall balance and hurt my credit rating, ...
0
votes
1answer
29 views

XIRR not working for this dataset. Any other method to calculate rate of return?

For this particular dataset xirr is not returning any reasonable value either in excel or google spreadsheet. What is the option to calculate the rate of return in cases like this?? Sl-no date ...
3
votes
2answers
58 views

Taxation on income sending from Hong Kong to India savings account

I am working in Malaysia from last 1.5 years, my company transferred salary from Hong Kong to my Indian savings account from last 18 months. Do I need to pay tax on this? All my funds transferred ...
0
votes
0answers
19 views

When a stock deal is made in an exchange, which price is used? [duplicate]

I know little about stock exchanges, and I'm curious about a scenario I just thought about, so if I'm missing something obvious, please let me know. If I understand correctly, a stock exchange is a ...
2
votes
1answer
165 views

Automatic Investment Plan - Non U.S resident

I am looking for any options to invest small amounts each month/quarter without commissions eating me up. As a U.S. resident and investing in a Mutual Fund, this is no problem. AIP programs Non U.S. ...
4
votes
1answer
120 views

Social Security contribution of a J1 visa holder leaving U.S. permanently?

I was a J1 visa holder (post-doc) in the US for 18 months and contributed to Social Security. Since I am not going back to the U.S. again, am I eligible to get the money back? Thanks and regards JMV
-1
votes
1answer
7 views

USA Income tax for foreign worker

I live in South America and I'm working for a company in the USA. I'm planning on opening a US Bank Account from abroad (with the help of my local bank). In this case, I would receive my payment in my ...
0
votes
0answers
52 views

How can someone else sell a car with my name also on the paperwork?

I just found out from my x that he got a new car but my name was still on the old one and I never signed any paperwork when he traded it in. How can a car dealership do that with my name still on it?
2
votes
1answer
24 views

Can There Be Partial Trade Fill Percentage?

I am a 20 year old investor, so far my trading account is quite small (~10k) so I haven't made many large trades, most have been worth a couple thousand dollars. I noticed in my broker (TD Web ...
1
vote
0answers
15 views

Are Kentucky vehicle property taxes paid in arrears or advance?

(Note: This question is not about sales tax.) We paid the Registration on our van last November, which includes property/usage tax. This month we turned over the vehicle to the dealer from whom we ...
0
votes
2answers
178 views

What is the best way to increase the earned money staying in US for an NRI?

Im living in US from last 1 year due to work assignment and will be here for another 3-4 years. What is the best way to earn interest on earned money? Shall I send all earned money to India ...
7
votes
4answers
1k views

If I sell a stock that I don't have, am I required to buy it before a certain amount of time?

I'm just began playing in the stock market. I just executed a SELL, because I think the market is going down. I don't actually have any of this stock. Apparently, it's quite common strategy. I would ...
2
votes
1answer
58 views

How to get into contact with the IRS and some tax questions

Way back in March I filed my taxes, and applied for a payment plan. My request actually never went through and ended up having to re-apply On April 20th. The representative I talked to said that my ...
15
votes
7answers
4k views

Why don't banks allow more control over credit/debit card charges?

Why don't most banks have a system where, when you charge something on your credit or debit card, you then have to log into the bank and approve the transfer of funds? Alternatively, why don't they ...
2
votes
2answers
127 views

24% tax on first pay in the UK?

Quite a similar thread to others I've seen here - hope I'm not repeating the same questions again! I just got my first payslip after arriving in the UK and noticed that the tax is far higher than ...
1
vote
0answers
380 views

What is an undervalued or overvalued bond?

Here's a small excerpt from Bond Valuation section on Investopedia: Determining Whether a Bond Is Under or Over Valued What you need to be able to do is value a bond like we have done before ...
2
votes
2answers
163 views

Starting a LLC in the US from India - Am I self-employed or salaried?

I am Indian and I am planning to form a LLC in Delaware for my web development business (it will not have any physical presence in the US). It will be single member LLC to start with. So in India ...
-1
votes
0answers
32 views

How is Credit Score Calculated [on hold]

How is credit score calculated by credit companies? What factors can increase or decrease credit score values?
0
votes
0answers
102 views

How to find small vacant lots to buy?

I would like to buy a small vacant lot so I can erect a small warehouse and store stuff there. However, the problem is that people don't generally advertise the sale of small, empty lots with no ...
3
votes
1answer
55 views

Is cash (from sale of equities, other property or savings) taken into account for mortgage affordability?

Imagine the following scenario: Gross annual income - $100k Cash (from property equity, shares, saving etc) - $100k No debt. Down payment - 20% (e.g. $20k) to be taken from cash pot. Mortgage - ...
1
vote
1answer
37 views

Questions Regarding Part II form W-9S

I am on F-1 Visa and my school told me that I can get 1098 T for tuition waiver if I submit form W-9S. I have a question regarding Part II of form W-9S My Question : Since I haven't taken any ...
4
votes
1answer
75 views

How much money to put aside for taxes on earnings from side work?

I am planning to work for a fireworks distributor for 2 weeks this summer. I am going to make 15% of all sales and estimate to make $9k. How much do I need to put aside so that I don’t get KILLED in ...
3
votes
2answers
133 views

How to pay N.I contributions when both employed and self-employed?

I make less than £6k a year from my self-employed work, and N.I is taken off my employment PAYE. Should I be paying N.I contributions for my self-employed work as well?
1
vote
1answer
19 views

Which tab in FBAR form?

I am about to file FBAR. I see 3 tabs in FBAR form where account information is to be entered - separate/joint account, no financial interest, consolidated report. I have some mutual fund units ...
0
votes
0answers
28 views

Employment in USA. Deputation in India

Is it possible to be employed in USA on W2 but deputed in India ? Any pros and con related to this type of arrangement ( insurance/benefits ). Anything special needed for tax filings.
2
votes
4answers
133 views

Is this follow-up after a car crash a potential scam?

A few nights ago I had an accident with another car. I hit their bumper bar, put about a tennis ball size dent. No damage was done to my car. I didn't tell them that I had insurance. Just putting ...
-1
votes
1answer
52 views

What happens if there are insufficient funds in my checking account when a cheque is deposited?

In my question, there are two accounts involved. I will call the account where funds are being taken from (debited) Account A and the account where the cheque deposit happens Account B. Question: At ...

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