3
votes
0answers
17 views

How should I respond to an IL 2012 “Notice of Proposed Tax Due”?

I received today a "Notice of Proposed Tax Due" for Illinois, alleging: Tax Due: $738.00 Penalty Due: $111.00 Interest Due: $34.00 This seems suspicious to me; I have been meticulous with taxes and ...
0
votes
2answers
10 views

Visiting vacation rental with immediate family

My family of 5 live in California, have a ton of equity in our home, are heavily invested in the stock market through IRAs and other investments and are considering purchasing a rental property in ...
2
votes
1answer
8 views

Long Term capital gain tax for selling land abroad

My husband and I are currently in the US and pass the substantial presence test for residence (31 days in 2015 and 183 days on the whole) We want to sell a self acquired property purchased in the ...
0
votes
0answers
9 views

What is it called when someone researches the manufacturing costs of a company to determine their profit level?

I am interested of learning how to research (estimate) manufacturing costs of various companies. This is partially for the sake of determining their expenses. Is there a name for this kind of ...
0
votes
2answers
134 views

How could I find someone to find a room for me to live in? (For a fee, of course.)

I am a young adult looking for a room near the college I'll be attending. I am not experienced or good at looking for housing, and I don't really have the time to shop around because I work full time. ...
9
votes
7answers
5k views

Paying $1000 a month to keep a car in New York City

I am 25 working in New York city making ~117k a year. After tax and various pre-tax deductions, (mta fare etc) my take home is just shy of 6k a month. I pay $1875 in rent a month for a nice ...
2
votes
3answers
178 views

Paying off mortgage or invest in annuity

We are retired, I'm 62 and my husband is 58. We have $150,000 in savings, a 401K at $105,000 and another 401K of $75,000. The home mortgage has a balance of $160,000 with 18 years left on a 20 year ...
1
vote
1answer
1k views

Trying to transfer money from a Bank to Paypal account. Being asked for a valid Swift Code.

I gave a bank my Paypal account number, IBAN and other details to send some amount to my Paypal account, and I got a response saying that I have an invalid SWIFT CODE and the transaction failed ...
2
votes
2answers
361 views

Why doesn't the government pay interest on tax withholding returned via a refund?

When the US government pays you your tax refund, it doesn't include any sort of interest payment for what is essentially a loan to the government. Why doesn't the government pay interest?
2
votes
0answers
29 views

When after a companys IPO date can I purchase shares?

There recently was an IPO, and when I tried to buy shares that day Scottrade prompted me with: Error: Unable to enter the order because the symbol entered is not a Listed or Nasdaq National ...
0
votes
1answer
49 views

Avoiding tax complexities of REITs

I would like to invest in REITs for their high yield, but would like to avoid their tax complexities. If I buy exposure to REITs through an ETF or mutual fund, will that abstract away the need to do ...
3
votes
1answer
31 views

Clarification on 2015 IRA Rollover Limits

I've run into an issue in my personal finance journey that many people now struggle with: having a collection of 401k and 403b accounts left over from previous employers, some of which have been ...
0
votes
0answers
8 views

Taxation of income from working abroad within the EU

I'm a Finnish (FI) citizen working with a full-time contract in a company. I'm going to do a 3 months job abroad in Belgium (BE) in a different company. During this time my contract in FI is going to ...
6
votes
4answers
2k views

Can two companies own stock in each other?

Is it possible for company A to own 20% (for example) of company B's shares, whilst company B owns, say, 20% of company A's shares as well? Edit: If So, would it be possible then for more then 50%, ...
41
votes
9answers
8k views

Apartment I never lived in is collecting against me. Recourse?

I was looking at apartments a year ago, and found the "perfect" apartment online. However, I couldn't go look at it until the following weekend. Unfortunately, the apartment had already been listed ...
2
votes
1answer
85 views

GnuCash Custom Bar chart report

I'm trying to create a custom bar chart report in GnuCash 2.6.5, similar to the Asset Bar Chart or Liability Bar Chart. What I need is a report that shows the sum of 3 (or more) accounts. Some are ...
0
votes
1answer
32 views

what other index fund captures the wilshire 5000

what other index fund captures the wilshire 5000 that isn't above $10,000. in other words, i'm looking for Wilshire 5000, but having points similar to SPY. I just don't have the physical cash of ...
1
vote
1answer
38 views

Unequal Loan Repayments

I am struggling with this question below. Present Value = 100000 Interest =12.25% per annum Number of months = 60 Payments =? Payments increase by 15% per annum. Calculate the PMT for all years.
1
vote
0answers
15 views

Do European options have to be exercised at a specific time on Expiry day?

European Options as compared to American Options can only be exercised on a certain date. As I want to start writing options, I want to know whether it can be exercised by the buyer at anytime during ...
4
votes
2answers
90 views

Could capital gains from a stock sale impact my IRA eligibility?

If my annual income plus profits from the sale of a stock is greater than the annual ceiling for being able to contribute to an IRA, am I ineligible to contribute to an IRA? In other words, are ...
1
vote
3answers
76 views

Can standard deduction lower my tax bracket?

I am an independent college student, and I will be living on campus starting next semester. I am aware that only tuition and required fees are considered as qualified education expenses and that the ...
-7
votes
0answers
52 views

Government misrepresentation [on hold]

Is it possible to sue the Federal government in Admiralty courts for substituting real money with what are legally called private bills of exchange or credit as payment in a system that creates debt ...
-1
votes
1answer
100 views

I landed in the US on 16th Aug 2014 & my wife/kid joined me on 26th Sept 2014. What is my residency status for filing my tax returns for 2014?

I landed in the US on 16th Aug 2014 & my wife/kid joined me on 26th Sept 2014. Could you please let me know my residency status to file my returns for the income earned in the year 2014. Also are ...
1
vote
1answer
89 views

How can I reduce transaction fees, such as CA certificate costs, on several wire transfers per week?

My country of resident is India. I have to send frequent wire transfer to workers based in other countries. Bank charges about Rs. 1000 per transaction and CA Certificate for Form 15CB costs Rs. 2500 ...
1
vote
1answer
91 views

Can anyone help me understand my loan payment?

My loan was $40500 for five years with 9% interest per year. I do not understand the total I would have to pay. I have been paying 700 per month since 2006 and it feels like I've been paying forever. ...
37
votes
17answers
11k views

I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment?

I carelessly invested on stock on a spike (I have been persuaded by a family member) and now my investment value is really low, as you can see below. Is there anyway to salvage my investment for ...
3
votes
2answers
126 views

Start Investing - France

I live in France and I am 20. I am in my 3rd year of computer science degree. Not working regularly yet ! I would like to start investing my savings into something profitale. I currently have a LDD, ...
2
votes
2answers
570 views

How to start investing/thinking about money as a young person?

I have about 10k GBP in my bank, and I know for most of you that is not a huge amount. However, I will finish university soon and I would like to have in the back of my mind about how to start ...
1
vote
1answer
59 views

Income tax laibility in India for Stock traded in USA as a resident Indian

I lived in US for more than 9 yrs on H1B visa and was maintaining US stock portfolio and was filing taxes in US as 1099 for stocks plus my salary as 1040. Now I am planning to return to India but ...
4
votes
1answer
84 views

Working remotely from Canada for a US company. How to get paid?

I am a Canadian who just landed a (short-term contract) job working remotely for a US company. Since this happened through a (US) recruiter, my employer would pay the recruiting firm, who would pay ...
0
votes
0answers
71 views

Can I use a U.S. only credit card outside of the US

Can I use a US only prepaid credit card to purchase from an online service from another country like Brasil?
3
votes
1answer
68 views

If I take out a cash advance, how exactly do I get charged and does it hurt my credit?

I'm in a situation where I need $2500 (USD) in cash (for a money order/cashier's cheque). I'm considering taking out a cash advance on my new US credit card. My credit card agreement says the "APR" ...
0
votes
0answers
91 views

Long term investment for money

I have some money I would like to put into very long term savings. At least 40+ years. What's the best way to save the money? I would like to accrue as much interest as possible and get a headstart ...
5
votes
1answer
75 views

How can I escalate a credit dispute when the bureau “confirms” the item?

A while back, I was moving to a new city. At the point when I got around to applying for an apartment, I had never checked my credit before. I was denied the apartment due to credit, and started ...
1
vote
2answers
82 views

Exposure to Irish Housing Market

I have the majority of my savings in Swedish fonds, with the rest in Global or European (non-Euro) fonds. Current value = €50k. I also own property in Stockholm. Current value = €200k. I am 35 and ...
0
votes
1answer
71 views

Are there special tax implications when paying for services in the next year? In another country

So I'm planning a destination wedding over a year in advanced. We've begun putting deposits down on things happening next year. I know I still have to pay VAT in the other country (Its ridiculous). ...
4
votes
1answer
65 views

What happens to HSA money when you die?

Say I had $10,000 USD in a Health Savings Account. What would happen to that money when I died? Would my heirs get it? Would it go into an HSA account for them, or could they just get the raw cash ...
2
votes
1answer
42 views

Calculating return on a series of stock positions with multiple uneven transactions

How can I calculate the return on a series of stock positions with multiple uneven transactions that I can compare to the equivalent buy and hold return over the same period? Random Example: Starting ...
0
votes
0answers
20 views

Does GAAP have rules for skipping a scheduled payment to avoid penalty on future payment [on hold]

The purchase contract on a business has a set schedule of payments and if a payment is not paid timely, a late fee penalty is required, and if not paid within a set time period, interest is to be ...
0
votes
1answer
29 views

Who puts out buy/sell orders during earnings reports or other scheduled relevant information? [on hold]

I understand that some stock traders try to quickly act on public information to make profits, for example. In the case of scheduled releases of information, however, why do people keep buy or sell ...
1
vote
1answer
31 views

Considering investing in CHN as a dividend stock

I've been looking at investing in another dividend stock, and I have been using dividata.com to do some research. I have found several stocks that I am interested in that have a roughly 9% or 10% ...
3
votes
1answer
115 views

Do you need to pay taxes on cash poker games?

My father is a poker player and only plays cash games, that is poker games where you only play with you own money (vs tournament where you pay a fixed fee and can win up to millions). We currently ...
12
votes
3answers
26k views

What happens when PayPal overdrafts a checking account (with an ample backup funding source available)?

I recently made a large purchase with PayPal two days ago, but didn't realize that it would try billing my checking account with the whole amount rather than splitting it between my checking account ...
0
votes
1answer
12 views

What IT form to use in India?

In Previous Year 14-15, Assessment year 15-16 I have income from salary income from two house properties income from Capital Gains Income from other sources income/profit from business What form ...
0
votes
0answers
32 views

Circulation of money question: is paying back mathematically possible? [on hold]

I wish to understand this. Maybe a finance person can tell me how this works. When a bank lends credit/currency it demands back more from the borrower So for every loan k, the repayment is greater ...
1
vote
0answers
31 views

Can a business operate in one state ie. NY and have an office in another?

My prospective business is going to operate in NYC but due to unforeseen consequences my "office" or base of operation will be in another state. What sort of consequences or altercations can I ...
3
votes
3answers
129 views

Do I need to tell an estate agent how much a bank is willing to lend us?

We live in the UK and are hoping to move home. We wanted to put an offer in on a house. We have already spoken to our bank who have given us a letter stating the amount we are able to borrow. (Its the ...
1
vote
1answer
51 views

Bank account in Seatle, Washington state

My brother used to have a bank account more than 30 years ago in Seattle where he used to live. Being disable due to a car accident, he is unable to follow up the matter. He lives now in a nursing ...
0
votes
0answers
36 views

Money send more than 15 lakh rupees per month by me is it going to be problem for me [on hold]

I am living in Saudi Arabia from 25 Jan 2008 to till date. My salary is 110000 rupees per month. I have some friend they are working 600 km from city. They tell to me send money for them also. In this ...
3
votes
1answer
68 views

Claiming loss of income due to water damage in residence

I have been recently required to vacate my residence due to flooding. The ceilings, floors and fittings need to be removed from the bathroom, kitchen and hallway, rendering the property uninhabitable ...

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