1
vote
1answer
45 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 ...
0
votes
0answers
19 views

Requirements to start a hedge fund? [on hold]

What are the requirements for starting and managing a hedge fund? Do you have to have a college degree? Do you have to have some industry certifications? Does your fund need to be registered with the ...
0
votes
0answers
97 views

Urgent advice on used car purchase nightmare

I purchased a used vehicle almost 2 years ago and it was breaking down so i decided to turn it in. I was pre-approved through my credit union for $20,000 at 100%. My current loan is upside down by ...
1
vote
3answers
963 views

How do collection agencies work

I wanted to understand how companies decide to send accounts of customers to collections and then, how the collection agencies settle. My understanding was that in any company, that has receivables, ...
5
votes
2answers
5k views

What is the “California SOS file number” and where do I find it?

My LLC's taxes are due soon and I want to pay the $800 annual tax here in California. I'm a little confused about something I'm supposed to write on the check: the "Calfirnia SOS file number". Google ...
0
votes
1answer
48 views

SIP when markets are good

I'm planning to invest in a mutual fund. The tricky part is that it's NAV is quite high these days, almost close to its 52 week high. In this scenario, does it make sense to buy a this fund in bulk or ...
4
votes
2answers
59 views

Who are the sellers for the new public stocks?

There are lots of news for $BABA. It's current price as shown in the market is $68 but my broker put an announcement saying that its limit price is already $85. Then who are the sellers? The company ...
3
votes
3answers
53 views

How can I transfer and consolidate my 401k's and other options?

I have read on Personal Finance & Money that you can keep any and all of the 401(k)s or other options that you've had through previous employers. But how are you able to transfer them all into ...
19
votes
3answers
2k views

Why is transferring money online to someone else's bank account so difficult in the U.S.?

I used to live in a poor, third world country (India) where I freely transferred money between my bank account (a savings account) to accounts held by my friends in different banks, and different ...
3
votes
1answer
93 views

CRA made a mistake in our favour

This was in a review of a previous tax return. The error is high four figures which translates into a low four figures refund. Do they keep copies of the documentation? What are the chances they ...
0
votes
0answers
18 views

Software which may calculate shared expenses? [on hold]

I'm looking for the personal finance software which (in addition to common features may calculate proportionally shared transactions (expenses). Example: There are 6 accounts. One day, the owner of ...
7
votes
4answers
1k views

For a major expensive home renovation (e.g. addition, finished basement, or new kitchen) should one pay cash or finance with a loan? Would such a loan be “good” debt?

This other question is similar, but was referring to a specific renovation/repair (new flooring) that, while expensive ($1500), isn't very expensive – it's feasible to consider saving up for ...
2
votes
2answers
85 views

What kind of symbol can be shorted?

I am new to sell short concept. but I'm interested because I think some stocks may go weak in the future. I am using Firstrade but when I try to sell short some stock, it told me This symbol cannot ...
1
vote
1answer
291 views

Quickbooks Online “restore point”?

I am considering redoing a large portion of the way I have been managing my books in Quickbooks Online. I would like to create a "restore point" of some kind though, in cases I end up messing things ...
1
vote
1answer
26 views

Can I make a joint account in UK?

I am an international uni student living with a British student in UK. Due to complications in dividing money when it comes to buying groceries, we decided it would be best that we open a joint bank ...
0
votes
2answers
44 views

Bonus issue - Increasing share capital

A company wants to issue 1,000,000,000 bonus shares as fully paid up on a 1:1 basis (one bonus share for one existing share held). The company says it needs to increase the authorised share capital ...
0
votes
2answers
163 views

Can I depreciate a car given to me?

If a vehicle is given to me by my parents, am I allowed to depreciate it for tax purposes? Section 1015(a). This section states, in pertinent part, that for property acquired by gift, "the basis ...
0
votes
0answers
11 views

NRI Loan money to India [duplicate]

Please advise, process to register this a loan, this is my case: i am a NRI and want to send approx $10,000 as loan to my father account in India as a contribution for new home purchase, I want to ...
3
votes
1answer
79 views

Can I deduct work equipment I am not required to purchase by my employer?

I am a software engineer and I find myself more productive and less fatigued with certain equipment: a mechanical keyboard, an IPS monitor and noise-cancelling headphones. My employer does not ...
3
votes
5answers
25k views

How can I deposit a check made out to my business into my personal account?

When I invoiced this company, my invoice specifically said to make it payable to me personally, not my business (since I don't have a business account besides PayPal). Unfortunately, they made it out ...
1
vote
1answer
229 views

Buying property in India: paying loan/mortgage

I am on a H1B visa in USA and thinking about buying property in India. What is the best way to make payments from USA bank ac to pay loan/mortgage in India? Can I get tax relief for loan/mortgage ...
7
votes
3answers
222 views

What should I do with my HSA?

I recently changed companies, and the new employer does not have a HDHP. I have just under $2,000 in my HSA, but without any medical expenses to spend it on, it's just sitting there, slowly being ...
3
votes
1answer
180 views

How to find the right credit union?

I have 3 months left in grad school, currently with about $50,000 in student loans (most of it at 6% interest). I also need to finance or lease a used car. Suppose I select a car with a sticker price ...
0
votes
1answer
56 views

Do Visa and MasterCard process exchange differently?

My friend, who is willing to visit Indonesia, went to a Russian bank to get a debit card. The manager advised him to go with MasterCard rather than Visa, because "Visa would first convert rubles to ...
4
votes
2answers
68 views

As an employer, how do I start a 401k or traditional IRA plan?

As a small business owner, what are the requirements for me to start a 401k or traditional IRA fund? How much do they cost to manage? I'm in the very early stages of my company right now but I would ...
1
vote
2answers
5k views

How do I get my name removed from a co-signed car loan?

I am the primary signer for a car loan consigned and being paid now by my son. Is there any way I can get my name removed from this loan?
0
votes
2answers
21 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
75 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 ...
-1
votes
1answer
27 views

If I receive 150000$ in my Indian savings account how much tax i shall pay?

My friend is planning to invest in India. So if he transfers around 150000$ to my account.. How much tax do I have to pay? Is there any way to show it as foreign investment? Can I include my ...
1
vote
1answer
58 views

After my father's death, how can I transfer 50% of an account to my sister in the most tax efficient way?

My father has some shares in his demat account with me as a joint holder. He expired recently. Now I will have to transfer 50 percent of the total value to my sister. Will it attract short term ...
0
votes
0answers
17 views

What can we learn from the trading volume combined with the price trend? [duplicate]

I am wondering that in this picture above, #1 happened when the price goes down while a huge volume of stocks were traded; #2 happened when the price just get down from a high peak. What can we ...
0
votes
1answer
38 views

Is an interest-free loan to a charity an asset when applying for financial aid

We have an opportunity to sell our house for a great deal more than we paid for it. We plan to buy another house but will have $50,000 to $100,000 left in cash. We also have children in college for ...
1
vote
1answer
102 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 ...
0
votes
1answer
30 views

How can I find a report of dividend earned in a FY?

(My first post here, gently...) I have been in the stock market for over a year now. I have been trading via an account with Kotak Securities. I am now filing my taxes and need to know the total ...
0
votes
1answer
175 views

inheritance transfers from the world bank in uk

My girl friend says she has paid the tax on 3.6 million us dollars and is now waiting for a code of transfer from the world bank to be able to transfer funds to any account in the world. It requires ...
0
votes
1answer
123 views

Selling property in India and gettting back money to USA

I am on H1b visa in USA and thinking about buying property in India. Suppose I alraedy bought some property in India, now in future if i sell the property in India, then how can i get that money back ...
16
votes
4answers
4k views

Will depositing $10k+ checks each month raise red flags with the IRS?

I am a freelancer that runs a small design business (LLC) and I have one client in particular that I regularly do more than $10k per month worth of business with. Sometimes I'll deposit a check for ...
-3
votes
1answer
41 views

Consolidate or pay off

I have two large credit cards at 12.95%. I can get a loan for the balance at 13.95%. Am I better to consolidate the debt of both cards or just pay off the cards as is.
1
vote
1answer
91 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 ...
1
vote
2answers
79 views

How can I bring loaned money back to US from India

I am a US permanent resident and I loaned some money to my father in law in India early last year. I transferred US dollars from my US bank account to my NRI (Non resident Indian) account (Indian ...
3
votes
2answers
144 views

Can I max out all retirement account types?

Hypothetically speaking, could I contribute the maximum to a 401k, a Roth 401k, an IRA, and a Roth IRA? That would be a total of 46k per year (17.5k + 17.5k + 5.5k + 5.5k).
2
votes
1answer
95 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 ...
4
votes
1answer
252 views

Can I deduct IRA contributions and take the standard deduction?

If I have the standard deduction on my taxes (that is, I don't itemize), can I deduct IRA contributions? If so, would that be for Traditional or Roth IRAs?
15
votes
1answer
637 views

Employer time requirements to transfer from paycheck to 401(k)

Are there any rules or requirements as to a time frame of when money is removed from a paycheck and when the money is posted into a retirement account? My current 401(k) receives funds from my ...
2
votes
0answers
42 views

Aggregating financial data for personal use

I really like the functionality Mint.com offers with aggregating data from different financial sources into one place. However, the service itself is extremely lacking and I'm curious to know if there ...
1
vote
2answers
3k views

How can I correct a Free Fillable Forms reported error?

I attempted to file my U.S. Federal taxes via Free Fillable Forms, and got a rejection for the following reasons: Field/Xpath: ...
-3
votes
1answer
51 views

Better approach to close loans?

If I have 3 loans is it better to pay them monthly and close after 3 years or close one at a time in one one year?
4
votes
2answers
141 views

Is it wise to sell company stock to pay down a mortgage?

Is it wise to sell company stock to pay down a mortgage? Say, you have $25,000 and a $100,000 mortgage. Is it better to continue to assume the risk over the long haul or cash in at a reasonable ...
1
vote
1answer
62 views

Does a person who newly became Indian Citizen need to pay taxes for the asset he transfers to India from his ex-citizenship country?

Between 1992 and 2004 I was working in USA. I had also gained US Citizenship in 2003. In 2004 I returned to India and since then lived in India. I got (back) Indian citizenship in 2014. Now I want to ...
2
votes
1answer
50 views

Foreign currency in my uncle (no blood relation) account

I work in middle east and wanted to transfer money to my uncle's account, as a help to him. I will be depositing cash money through a money transfer agent. First question is "does my uncle have to ...

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