All Questions

0
votes
0answers
9 views

How much equity should be given to me as a technical co-founder?

An Entrepreneur wants me to build a web app from scratch. I’m coming on board as CTO and will receive 6% equity of a company that doesn't exist yet but will worth millions (as he stated and showed me ...
0
votes
0answers
22 views

Ex-husband & I bought car for daughter

My ex husband & I purchased a car for our 16 year old daughter. We paid 50/50 $7,800 each. Because he owed me $ he said he would title it in his name so he would pay insurance. I was reluctant but ...
1
vote
1answer
21 views

There was a year recently when McDonald’s paid both a dividend and some type of special bonus (total ~7billion?). What was this?

There was a famous news story from the past few years where, in addition to normal dividends, McDonald’s paid some type of large bonus (I think it was over 7 billion)? To shareholders. Though ...
0
votes
1answer
14 views

Options being exercised

I know that shorting a call option that ends up in-the-money makes you obligated to buy 100 stock shares for the buyer and that the brokerage firm does it automatically for you. My question is, will ...
2
votes
2answers
47 views

Homestead exemption disappeared

I bought my home in Boca Raton, FL, in 2005 and I had a homestead exemption. To my knowledge once you apply for the exemption you don't have to reapply for it. I haven't moved or rented the house ...
1
vote
1answer
41 views

Why in this example is only 50% of the dividend qualified instead of 100% of the dividend?

Example taken from here: (...) The dividend income from the 2,000 shares held 49 days would not be qualified dividend income. The dividend income from the 8,000 shares held at least 61 days ...
0
votes
0answers
15 views

How is the “Hurdle Rate” of the Hedge Fund determined?

I understand that "High Water Mark" is the highest NAV value that the Hedge Fund has ever reached, and therefore, the threshold NAV value of the Hedge Fund in question needed in order for the Hedge ...
0
votes
0answers
20 views

Tax implication for cash transfer [duplicate]

I am Indian citizen having some cash in my stock account in the US. I want to transfer this cash ~$9000 to my niece's (16 year old) account in US which she will use for her education related expenses....
0
votes
0answers
8 views

Tax forms to report Capital Gain/Losses for Non-Resident Alien on F-1 visa?

I am a non-resident alien on F-1 Visa. I recieved a W-2 from my employer. I have also sold stocks and etfs through robo-advisors. I have recieved forms 1099-B and 1099-DIV from them. Where should I ...
2
votes
0answers
21 views

Portioning taxable state refunds when living and working in different states

I live in Indiana, but work in Illinois -- some of my job contracts are on-site in Illinois, and others are remote work. Last year, I received a taxable state refund from Illinois. In my Schedule NR ...
-4
votes
0answers
46 views

Which are the 5 most important financial ratios and why? [on hold]

When considering to invest in the stocks of a company which financial ratios should be considered and studied before anything else. Answers with ranked order are appreciated.
1
vote
0answers
25 views

Is there a general requirement to track and report Capital loss in Canada?

A website of a certain bank states in its FAQ for buying/selling precious metals (https://preciousmetals.td.com/shop/en/tdmetals/metal-support): "Q: Are there tax implications if I sell my precious ...
0
votes
1answer
105 views

Free Money Payroll from Ghost Accounts [duplicate]

My friend said he knows this guy who will deposit money into my Chase bank account. The only requirements being that I have had the account for over 4 months and my balance is not negative. His name ...
3
votes
4answers
257 views

Why is the “buy vs rent” debate framed in terms of “buy a house vs. rent an apartment”?

Most coverage of the "buy vs rent" debate in North American popular financial media (see here for an example) frames the debate as a simple dichotomy: either renting an apartment (i.e. renting a unit ...
0
votes
0answers
15 views

Can one transfer an assurance-vie account to another bank as a US permanent resident (green card holder) and French citizen?

Can one transfer an assurance-vie account to another bank as a US permanent resident (green card holder) and French citizen?
0
votes
3answers
77 views

cashier check deposited and available on my account [duplicate]

Somebody payed me with a cashier check from WELL FARGO BANK and it got deposited on my account at BANK OF AMERICA. The total amount is already available since 5 days. As I do not trust the person ...
0
votes
2answers
144 views

Wife No Longer Has Health Insurance, What Can We Do?

My Wife and I are both American Citizens who got married in October. Our initial plan was to enroll in my job's health coverage during the open enrollment period in November, but after we sat down and ...
0
votes
1answer
71 views

US Financial Institutions Blocking Foreign IPs

Frustration aside, why do many financial institutions block other country IP addresses? What purpose does this serve, is it a legal requirement for some institutions (examples: The Money Source, My ...
0
votes
0answers
11 views

Property purchase Abroad. Tax deductions

I live in US. I purchased a couple properties a few years ago abroad. I did not take mortgage. I paid it from my savings account abroad. I heard we can claim tax deductions even for the past purchases ...
2
votes
1answer
82 views

Recently started selling hand-made products in online shop. What do I need to do? UK

I'm a hobbyist electronics engineer and I occasionally sell things that I make (electronic music devices) on eBay. It has snowballed a little bit and I have opened an online shop. I live in the UK ...
-2
votes
0answers
66 views

If most retail software can compute the cost of merchandise why in textbooks is always tried to use methods to estimate the cost of goods sold? [on hold]

From what I understood reading retail accounting books, cogs (cost of goods sold) is related to the products actually sold. Hence textbooks mention different methods of estimating the costs associated ...
0
votes
0answers
14 views

Italian Taxes on U.S. Citizen Resident of Italy with Dividends from Permanently Established U.S. Company

NOTE: the goal of asking this question is not to avoid paying legitimate taxes, but to simply determine which state has precedent for payment of taxes due. Based on the U.S. Italy Tax Treaty income ...
1
vote
1answer
52 views

Requirement to purchase Collision Damage Waiver for car hire excess coverage

I recently took out a car hire excess reimbursement policy from a reputable third party insurance company (AIG). The policy states that CDW is required in order to receive reimbursement for a claim. ...
0
votes
0answers
25 views

Investing in private Forex Fund - what to investigate beforehand?

While talking to a businessman I have no close connections with I discovered that he is invested in a private South African / Mauritian Forex Trading Fund. I currently live in Mauritius so am able to ...
0
votes
2answers
86 views

Is it possible for a merchant to withdraw money from a debit card without knowing the PIN?

I am from India. Recently I went to a store and bought some goods. After I was handed my bill, I gave the cashier my debit card. I was busy on my phone and didn't give it much thought, and to my ...
0
votes
1answer
30 views

Wash Sales - Applied to Options

Does anyone know how to account for wash sale that attached based on purchasing options where the last transaction was the purchase of an option that expired worthless? The issue is that there is no ...
0
votes
0answers
15 views

Money transfer limit from United States to Argentina or Uruguay

Is there a limit on how much money I can send to my brother in Argentina or Uruguay? Western Union won't let me send more money.
1
vote
2answers
107 views

money investment [on hold]

I am trying to invest money because I have around 3218.45 USD which I could invest, and start generating money. I am out of ideas in how can I invest the money to start generating money from my money ...
1
vote
1answer
105 views

Why would an employer prevent their employees from investing in the employer's stock through the employer-sponsored 401(k) account?

Why would an employer prevent their employees from investing in the employer's stock through the employer-sponsored 401(k) account? I saw that restriction when reading the "Vanguard Brokerage Option (...
3
votes
1answer
52 views

Managed rental property: income from late fees. How to report on Schedule E?

We have a rental property that is managed by a property management company. This year, our tenants have paid late fees in addition to the rent. The management company filed these fees under Box 3, '...
0
votes
0answers
38 views

Who do I go to for assistance with a complex tax situation?

My 2017 taxes have not yet been accepted by the IRS. After several calls to them, I figured out it was because one of the two W-2s I received for 2017 was never submitted to the IRS by my employer. ...
3
votes
0answers
36 views

What does negative holdings in ETF mean?

For example in this ETF, the full list of holdings as of today is: TD International Equity Index ETF (TPE) 99.88% Cash and Cash Equivalents 88.88% JPY Currency 23.53% CHF Currency 3.37% SGD ...
1
vote
0answers
15 views

Are there any possible complications when calculating capital gain while trading gold ETR, compared to regular ETFs?

In particular, is MNT.TO ETR treated any different from ETFs when calculating ACB? I assume that it pays no dividends, and thus buy/sell would be the only taxable events, or am I missing anything? I ...
0
votes
1answer
32 views

1099-R: Converting nondeductibe IRA to Roth

My wife opened a Traditional IRA in late 2017, and then funded it with $5,500 after-tax (nondeductible) dollars in January 2018. We made sure to tell Vanguard that the contribution was for 2017. We ...
1
vote
1answer
28 views

Adding nondeductible 1099-R reduces refund

I'm using TurboTax to do my taxes for FY2018. I make nondeductible (after-tax) contributions to my Traditional IRA, and once the funds settle (but before investing the funds), I convert the entire ...
1
vote
1answer
46 views

How to check prepaid credit card balance for free?

My card issuer charges 1€ for each balance-check -- since the card balance is often verified prior to online transactions without fees, can I as an individual use a similar method with no additional ...
2
votes
1answer
84 views

Can I find out who recently has been reporting very old addresses to my credit report?

My credit report at TransUnion includes, in the personal information section, both past addresses and the date each was reported/confirmed to the credit bureau. Several addresses are reported with ...
1
vote
1answer
50 views

how does a private entity FINRA has authority to fine

FINRA is a private entity per https://en.wikipedia.org/wiki/Financial_Industry_Regulatory_Authority and per http://www.finra.org/industry/disciplinary-actions and also otherwise its revenue comes from ...
0
votes
0answers
13 views

RSU Sales Impacted by Wash RUle [on hold]

RSU is acquired on vest in month and sold partial for tax piece and then next month new RSU vest and purchased and loss on prior sale was under wash rule... For RSU where auto can you avoid wash rule?...
1
vote
2answers
108 views

Why do banks give loans instead of buying assets themselves?

There was asked a similar question why don't banks invest money in mutual funds or shares instead of giving personal loans It was about buying fonds and shares. Those are derivatives. Here is an ...
4
votes
0answers
17 views

Can personal income information be provably shared in Estonia?

Is it possible for an Estonian citizen to produce a government-signed document stating their income as it appears on their tax return? Maybe an electronically signed tax return transcript could be ...
1
vote
0answers
26 views

Estimated Tax Penalty

Instructions for Form 1040 state: Because Form 2210 is complicated, you can leave line 23 blank and the IRS will figure the penalty and send you a bill. We won't charge you interest on the ...
1
vote
2answers
97 views

Share a post in hopes for money on social media

Since a couple of weeks a friend of mine is sharing stuff like: "when this gets shared X times the first/random X persons get 1000$"(or more), most likely in the hopes of easy money. I'm highly ...
3
votes
0answers
36 views

What defines a transportation-related medical expense to be “primarily for, and essential to, medical care”?

I'm trying to understand which transportation-related medical expenses are IRS-Qualified Medical Expenses for health savings accounts (HSA). I understand that Publication 969 defines what HSAs are, ...
0
votes
1answer
68 views

Why are options that cannot be traded in cents still show a last trade as non-five-cent increments?

I read Why do some options trade in 5 cent increments? but despite that I see some options I cannot trade in pennies ( not broker specific), but I routinely see same option being traded by others in ...
1
vote
0answers
26 views

Does SIPC protection applies in this case

If a brokerage ( not like Madoff case), where investors buys ordinary stocks/etf( qqq, brk-b orcl or any stock traded on NASDAQ/NYSE, not pink sheet or unlisted) at a time and after many years ...
15
votes
5answers
4k views

Is it possible to brute-force or accidentally use someone else's credit card?

Reviewing my bank statements, I noticed that I several months earlier had been charged about 13 GBP by Netflix on my credit card, but only for one single payment (not recurring). I knew that the ...
1
vote
0answers
15 views

Would that person be tax liable in Spain?

Assume a limited company registered in Hong Kong. The director of the company is an Spanish national who does not live in Hong Kong and does not have the status of resident in Hong Kong. Also, is ...
0
votes
1answer
78 views

Selling A Car Anonymously

Is it ever legal for me to sell a car to someone by just signing my name and dating the title, such that the buyer's information is completely blank? To be clear, the title itself is legal, clean, and ...
5
votes
1answer
191 views

With constant travel, is it possible to not have a tax residence?

We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of. The only taxes I'm ...

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