0
votes
1answer
14 views

Loss from selling mutual funds and tax in U.S

In my last year's tax form (1099 form) from a brokerage company (TD Ameritrade), I don't find my loss realized when I sold some mutual funds last year. TD Ameritrade said that the 1099 doesn't ...
1
vote
0answers
14 views

Consolidated personal finances tracking solution

I'm looking for some way to automatically collect my transactions and balances from my various accounts, add up what I have, subtract what I owe, and show me how things stand. There's my main ...
-3
votes
0answers
18 views

Why don't we discount the present value?

Shouldn't we discount 379.08 by 1.1^(334/365)?
2
votes
1answer
21 views

Should I convert all my money to local currency when I study abroad?

I'm just turning 21 so I really have no experience with currencies and banking systems. This is the first time I travel outside my mother country. I'm accepted in a postgraduate study program and I ...
-6
votes
0answers
21 views

Has anyone come up with a better idea for a currency as an alternative to Bitcoin? [on hold]

According to Michael Rivero - Article: http://whatreallyhappened.com/WRHARTICLES/slavetobanks.php We are all born into slavery, because: 'In the good old days, after George Washington and the ...
3
votes
1answer
32 views

Whats the difference between a qualified and an unqualified covered call?

I own various shares that I want to start writing covered calls on but I've heard about differences between "qualified" and "unqualified" covered calls. What's the difference? All I can find is that ...
3
votes
1answer
71 views

Do I build credit at the same rate when my wife and I share a card?

I searched for this question and found a similar one but wasn't able to find the answer to specifically what I'm asking. My wife and I share a credit card. I believe that she's actually the primary ...
2
votes
0answers
16 views

What is the added advantage of a broker being a member of NFA in addition to IIROC

If my broker is a member of the national futures association, what extra protection does it give me over the fact that it is also a member of IIROC? I am particularly referring to this: ...
5
votes
1answer
49 views

Low risk withdrawal from market. Is there a converse to dollar-cost-averaging?

In the article by Carson C Chow linked by "The mathematics of dollar cost averaging" it is explained that investing a fixed amount of money each time period gives a lower expected cost per stock than ...
10
votes
2answers
612 views

When the market price for a stock is below a tender offer's price, is it free money (riskless) to buy shares & tender them?

For instance, on March 11, 2014, Jos A Bank (JOSB) agreed to be acquired by Men's Wearhouse for $65/share in cash. A tender offer to existing shareholders was set to expire on March 19th. On March ...
2
votes
2answers
73 views

Auto loan and student loan balance

I have a student loan of around INR 11,00,000 (~USD 18,240) at 13.7% APR. I have an auto loan in the US for USD 10,000 at 6.35% APR. I am aware of the high interest rate on my auto loan and wish to ...
18
votes
6answers
3k views

What are some creative ways to run up my credit card bill without any cost to me?

I got a new credit card with a very large signup bonus - as long as a minimum amount is spent on the card in the first 3 months. I usually don't go for things like this but in this case the bonus is ...
2
votes
1answer
31 views

Futures margin requirements, can more than the initial margin be used to open a contract

Futures margin requirements can be a low percentage in relation to the size of the futures contract. Sometimes, you are only putting down 3% or less to profit from the price appreciation/depreciate ...
2
votes
2answers
100 views

Is it acceptable to balance transfer a credit card's balance to itself?

Is it acceptable to balance transfer credit card debt to the same card? Often, balance transfer promotions come as checks in the mail, and I learned that you may write that check to yourself and ...
2
votes
1answer
51 views

How to contact the IRS to determine if your taxes have been filed by a CPA?

As a follow-up to my other question: How can I avoid being fined or penalized because my accountant might have failed to file my taxes on time? I have not received any contact from my CPA other than ...
0
votes
0answers
19 views

Bank Reconciliation HW Question [on hold]

I'm not sure if this is the right Stack Exchange for this question. If it isn't I apologize. I have an Accounting project I've been working on. It's a bank reconciliation using data provided. Bank ...
1
vote
1answer
44 views

Deadline to amend a 1040 tax return filed late?

Generally, you can file 1040 up to three years after the original deadline for filing. So if a person just filed for 2010 (due April 15, 2011) on April 15, 2014 (three years later) and new see an ...
3
votes
1answer
84 views

How can I avoid being fined or penalized because my accountant might have failed to file my taxes on time?

I decided to use a CPA because my tax situation got complicated this year. I have attempted to contact my accountant several times and cannot get a response from him at all. It is now after the ...
0
votes
2answers
101 views

Is buying co-workers lunches(reimbursed by them) taxable?

Every day, I go out and buy 10 people lunches and they pay me back. I mostly break even, but may come out a couple dollars ahead. Do I need to claim this on my taxes? Thanks
-2
votes
1answer
58 views

Why consumer good industry in the US is so well developed? [on hold]

Introduction: I am currently resident in northern Europe, however, have been living in the US for periods of my life. My question relates to some of the differences within consumer-goods between ...
0
votes
1answer
22 views

UK Expat with BVI company, can my company bank in the UK

I am about to leave the UK and travel constantly. I am a UK citizen but will become non resident when I leave. My business is run online and I need a business bank account within the EU to receive ...
2
votes
2answers
73 views

Is it inadvisable to leave a Roth IRA to charity upon death?

Short version: I have (for example) $50K of assets in pre-tax accounts, e.g. a traditional IRA, and $50K of assets in my Roth IRA. When I die, I want to leave $70K to charity and $30K to my siblings ...
2
votes
2answers
52 views

What to do if a state and federal refund is denied direct deposit?

I helped my girlfriend file both her state and federal taxes this year. We 'share' a bank account, but her name is not on the account (the bank currently does not offer joint accounts, otherwise it ...
0
votes
1answer
42 views

Free cash flow and capex on morningstar.com

When looking at for example Netflix’s cash flow statements here http://financials.morningstar.com/cash-flow/cf.html?t=NFLX&region=usa&culture=en-US&ownerCountry=USA, there is a big ...
0
votes
1answer
78 views

Automatic Extension online filing request gets denied w/ code R0000-052-01 - why?

I am trying to e-file, using the FreeFileFillableForms website, an extension request (F.4868). I have no tax due, and expect a couple of thousands in returns once I file the complete F.1040. ...
0
votes
1answer
30 views

Tax implications of selling part of land associated with main home

My wife and I are considering splitting off a portion of the land attached to our main residence. Will this be taxed as a capital gain? Can the money be put towards the mortgage and not be taxed? ...
1
vote
2answers
58 views

Can an ETF's expense ratio (fees) change after I buy it?

In researching ETFs I've found a lot of dire warnings about expense ratios. Evidently, they can really eat up your money. Ok, so look for funds with low expense ratios. But, if I understand this ...
1
vote
0answers
15 views

Can I claim a full tax deduction in India of the entire amount withheld from my U.S.-source income?

I am an Indian citizen resident in India. Say I earn $1000 from a US source. They withhold 30% since I haven't provided an ITIN in my W8ben. So I get $700 in hand. I understand that I have to report ...
0
votes
1answer
63 views

Is contributing to traditional IRA then converting to Roth a way around MAGI limit?

We usually contribute to a Roth IRA, but our income is variable enough that sometimes our MAGI is over the limit. In this case I want to contribute the full amount (post-tax) to a traditional IRA and ...
0
votes
2answers
52 views

Does making credit card tax payment through service provider constitute IRS form 4868 extension request?

If I pay the amount due on my extension for US IRS form 4868 through an IRS approved payment provider that accepts credit cards such as PayUSAtax.com who charge 1.87% for the service and I designate ...
-2
votes
0answers
48 views

What is necessary for building a home out of town (U.S.) [on hold]

My wife and I will be buying land well outside of town, and we will be building a home there. Money is not an issue here, and we can pay anything we need to get the home built. I would like to know ...
-4
votes
0answers
54 views

London or New York - Which city is better to be a first time landlord? [on hold]

Am specifically looking at guidance from a tax, compliance & transaction costs standpoint. Thanks!
2
votes
2answers
57 views

Do I have to pay tax both in NYC and England?

I work in London for an English company. I will move to NYC and keep working for the same English company for a few months doing researches to open a new business, and my boss would like to keep ...
0
votes
1answer
82 views

What is the term for a shared budget?

My girlfriend and I created an interesting budget but we have no idea what to call it other than "the budget". These are the rules we set for ourselves: 1 - every month, I am allowed to spend $32 on ...
3
votes
2answers
70 views

Property appraisal protest question

(First time homeowner here) I recently received my estimated property value in the mail. It was listed at $207k. Our house was built in 2013, and the value of the land pre-build was $25k. The home ...
4
votes
1answer
80 views

How close to prime rate for a loan?

I just received an ad from my bank offering me a home equity line of credit at prime + 0.5%, a variable-rate loan. Now, I don't need the loan. But I'm curious. Is prime + 0.5% the best I can do? My ...
7
votes
4answers
830 views

Why is the price of my investment only updated once per day?

I have invested some money into a mutual fund (FTQGX). I've noticed that the price of it is only updated once a day, where as other investment options are updated continuously. Why is this? I'm ...
1
vote
0answers
42 views

How much can I make (or how many hours can I work) while receiving social security benefits?

I currently am on medication and was recently approved for SSI benefits including cash assistance and food stamps. The money comes in monthly with no problem but I can't afford housing with just this ...
3
votes
2answers
119 views

Does it make sense to trade my GOOGL shares for GOOG and pocket the difference?

I owned some GOOG shares at the split so now I have GOOG and GOOGL. Does it make sense to sell all my GOOGL shares, and buy GOOG shares and pocket the difference; presuming that the difference is ...
0
votes
2answers
51 views

Estimated Tax Requirements (1040es) Seem Low

TL;DR - Form 1040es lines 14a and 14b are very different, causing me to be wary of my end result for required quarterly estimated tax payments. I've been working through my 1040es for the first time ...
0
votes
0answers
24 views

Buying property in India : paying loan/mortgage

I am on H1b visa in USA and thinkg 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 payment ...
0
votes
0answers
13 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 ...
0
votes
1answer
37 views

Buying property in India : FBAR declaration.

I am on H1b visa in USA and thinking about buying property in India. If I buy any property in india,do I need to report my property in USA income tax return, FBAR or anywhere else? Do i need to pay ...
0
votes
0answers
19 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 ...
8
votes
1answer
834 views

If Roth IRAs are not reported on income tax returns, how does the IRS police them?

Directly from the IRS: Contributions not reported. You do not report Roth IRA contributions on your return. If that's the case, then how does the IRS make sure people don't exploit the ...
7
votes
2answers
193 views

Can you explain why it's better to invest now rather than waiting for the market to dip?

I'm interested in investing in domestic (e.g. S&P 500) and international index funds. My investing time period is 30-40 years. This is irrational, but I'm worried about investing now because the ...
0
votes
4answers
57 views

Tax on Stocks or ETF's

This is a really stupid question, but just to confirm: tax (credit) is accessed only on the realized capital gain (loss) from selling of stocks or ETF's, correct? To answer the question from the ...
0
votes
1answer
65 views

Is my spouse at risk for a joint filing in a year where I have settled a major debt? [on hold]

I settled and wrote-off a major debt. This was recorded as 1099-E income. I incurred all of this debt under my name only, and she was not my spouse at the time I got into the debt. She was my ...
0
votes
1answer
44 views

Deducting SEP-IRA contributions as a sole proprietor with no employees

Is it possible to deduct SEP-IRA contributions from a Schedule C Form 1040? I was a sole proprietor with no employees. It seems like if I had employees, I would deduct it on line 19, for Pension and ...
0
votes
1answer
49 views

Buying property in India

I am on H1b visa in USA and thinkg about buying property in India. I have a lot of confusion in this matter. (1) Should I buy property on my own name? or me and my father's joint name? If I keep my ...

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