All Questions

2
votes
1answer
49 views

The mathematics of GST makes no sense to me

The Goods and Services Tax (GST) is a destination based tax, which means that the state in which the goods are consumed receives the tax. The GST is implemented using three separate taxes: Central ...
1
vote
3answers
352 views

How is leasing a car beneficial to the one who leases?

They say that a car is a depreciating asset and so leasing a car works better than buying one. I heard this from folks and car salespersons. Although I understand the aspect of leasing cars meaning ...
0
votes
0answers
33 views

Things to watch if buying properties in Europe at low prices under local government incentives

I have been seeing social media advertisements inviting investments in the way of buying houses in derelict or small and not-so-well-to-do towns. These advertise the price to buy as under $100 or 100 ...
0
votes
0answers
28 views

Am I required to amend my tax return if I overpaid my taxes?

Long story short: I got a corrected 1099-DIV after filing my taxes. After going through the calculation, it appears that correcting the return would net me an extra $13 refund, i.e. I overpaid my ...
2
votes
0answers
30 views

Grandparent funding grandchild's K-12 education

I want to help pay for my granddaughter's preschool and primary education expenses and would like to get a deduction on my Arizona state taxes in the process. Arizona offers a state tax deduction for ...
3
votes
1answer
44 views

Do I need to inform the IRS in advance if I gift money?

I live in the US and want to give my sister who lives abroad a large amount of money to help her buy a house. I understand I will need to declare that amount which will be deducted by the amount that ...
2
votes
1answer
14 views

401k Rollover with TSP

I have been researching what do with a an old 401k and there is a lot of information on the pros and cons of rolling it over into a new 401k plan versus an IRA. I also have a TSP account with a small ...
12
votes
3answers
1k views

How does the math work when buying airline miles?

Signing up for credit cards to get airline bonuses and flying more are good options to earn miles. With an average redemption/valuation of 1 cent/mile or maybe 1.2 cents/mile why would it make sense ...
1
vote
2answers
78 views

Impact on credit score of opening and closing accounts

I'm planning on buying a house sometime in the Winter of 2020 to spring 2021. Currently, my credit score is about 770 and I have the following open credit lines: A 2.5 year old $25,000 Prosper loan ...
1
vote
2answers
79 views

Actual time of a credit card transaction

how can I find out the exact time my credit card was processed at a supermarket? My bank statement only tells me the day not the time
0
votes
1answer
55 views

IRS e-file Error Messaging

The following is the error code sent back saying they were unable to process my return due to these error: "Taxpayer TIN in the Return Header must not be the same as a TIN of a previously accepted ...
2
votes
1answer
39 views

German Nationality, working for US company but living in Germany

I studied in the USA for 4 years and started working as a Software engineer in the USA. Now I was wondering if I could work full time remote from Germany for the same US company. After some research ...
0
votes
1answer
81 views

Order filled above limit buy price?

I’m learning still and new to trading. Bought USO buy limit 13.22. It was filled at 13.38? Is there an additional fee added to ETFs? What am I missing? I called. They add the commission into the ...
1
vote
1answer
37 views

ETFs with 2 ISINs - what's the point?

I noticed that some funds are available under different ISINs. For example the HSBC FTSE EPRA NAREIT DEVELOPED UCITS ETF: IE00B5L01S80 DE000A1JXC78 When looking them up I can't identify real ...
1
vote
1answer
52 views

What is a reasonable discount on the share price for a 25% holding?

One party controls 75% of the shares and voting rights of a small private company. The other party controls 25%. The larger party wants to buy out the smaller party to own 100%. The shares were ...
1
vote
1answer
21 views

do bid volumes and ask volumes represent completed trades

There is a number beside the current bid price and a number beside the current ask price. Do these numbers represent the volume of trades completed at the bid and ask prices or pending completion?
2
votes
1answer
81 views

IRS Notice CP59 - Did not file taxes

So my wife got a CP59, which is a complaint from the IRS that she did not file her taxes for 2017. That year, as in years previous, we filed jointly and electronically. The year previous we had a new ...
0
votes
2answers
92 views

Selling house tender vs auction, which gives the best price?

If I want to sell my house, what is most likely to give me the best price? A tender (where people submit their offer in writing, which are all compared on the closing date) An auction (where ...
1
vote
4answers
353 views

Why does buying at market prices (ala index funds) automatically equal to the average investor?

It's a frequent assumption, here by Burton Malkiel: It’s true that when you buy an index fund, you give up the chance to boast at the golf course that you picked the best performing stock or ...
0
votes
1answer
39 views

Does reinvesting dividends after selling for a loss cause a wash sale? [duplicate]

I sold some fund shares with high turnover on my personal investment account with the intent of buying something similar later on my IRA account. However, after I sold (and within 30 days), I ...
4
votes
1answer
111 views

Purchase Stock but cannot pay AMT

I was released by my company and I had to purchase my ISO's within 60 days of leaving the company or lose them. The issue is to purchase them would mean around a $1.2m AMT & State Tax Bill next ...
0
votes
1answer
30 views

Finding the price of an item years earlier from compound interest, simple interest, or APY

Is there a way to use the compound interest formula, simple interest, or APY to find the price of something years earlier if the price of it was increasing by a certain percentage annually?
-1
votes
1answer
58 views

Building an index tracking portfolio

I want to track an index for my savings, but I wasn't able to find in my country (Argentina, if it matters) an Index Fund that's cheap, has a low tracking error and that I can expect won't be ...
0
votes
1answer
21 views

How to enter Return of Capital in ledger-cli

Some background first: I'm using GnuCash for personal finances and am trying to get some reports from ledger-cli. The data is exported using piecash from GnuCash into a ledger file. When running ...
1
vote
0answers
62 views

How can I convince my bank to accept deposits without my signature?

My credit union doesn't accept any check deposits without signature endorsement from the recipient. I have a joint savings account with my spouse. They do not accept checks made out to both me and my ...
1
vote
3answers
89 views

Are most 401k providers comparable? [duplicate]

I will be needing to decide if I should roll my 401k from a previous job into the 401k at my current job. Are some companies which the employer has a 401k through much less appealing than others, or ...
0
votes
0answers
45 views

Loan forgiveness and increased income, living abroad

I am intending to pursue student loan forgiveness at the end of my 20 year period and am currently enrolled in the PAYE plan. My AGI on my income taxes for the past few years while living abroad was $...
3
votes
2answers
82 views

Can you fix a rollover that went into a Roth IRA and put it into a regular IRA?

If someone, in the process of leaving a job last summer, rolled over their 401K into a Roth IRA and is now looking at a several thousand dollar tax bill, is there any way to salvage that by ...
2
votes
1answer
101 views

Can one deduct lawyer consult fee less than $1000 for ex-employer's threat letter related to confidentiality in 2018 taxes?

Someone I know paid around $1000 last year to consult lawyers regarding a threatening letter from a former employer related to company confidential information where they threatened lawsuit and ...
1
vote
0answers
30 views

Best method for paying out of network licensed professional counselor?

I am interested in a specific LPC (Licensed Professional Counselor) because I like their model and services, but they are out of network. I have very limited understanding in the medical/insurance ...
13
votes
2answers
3k views

What does an IRS interview request entail when called in to verify expenses for a sole proprietor small business?

I received an IRS audit for the following: I had to call them within 10 days to confirm receiving the letter. And I've scheduled an appointment 2 weeks later. They basically said I just need to ...
1
vote
1answer
101 views

How do Vanguard LifeStrategy 60 Inc units generate a yield when all the sub-funds are Acc units?

According to Vanguard's portfolio information for Lifestrategy 60 Inc units, the sub-funds of which it's made up are entirely Acc units (with the exception of an inconsequential 0.0% in a distributing ...
-3
votes
0answers
55 views

Street address required for DHL Courier Delivery [duplicate]

I would like to courier a package to Personal Income Tax Franchise Tax Board Sacamento California 95827-1500 USA What is the Street Address for DHl couriers as a signature is required?
0
votes
0answers
35 views

Clarification on small business financial terms [on hold]

I am working on SQL Database Project which handles Price Valuation for Small Business. Certain abbreviations are not familiar to me, I felt to get clarified.. What is the Net Income and Gross Income?...
47
votes
6answers
9k views

Should I use a zero-interest credit card for a large one-time purchase?

An upcoming purchase (nearing $10,000 US) would drain savings more than I'd be comfortable with, and I'm wondering if using a zero-interest card to effectively spread out that purchase for 15-20 ...
5
votes
2answers
3k views

Net salary in Germany for programmers

I got an offers as a freelancer to work from Germany (the company is not German but I will live in Germany when I'll work for them). Since I'll be a freelancer in need to give them an hourly rate for ...
4
votes
1answer
88 views

How to diversify across P2P lending platforms?

In the UK there are plenty of peer to peer lending platforms, certainly 20+. Most offer returns of around 5% but a small handful offer above 10%. As far as I'm aware, in the US there are only a small ...
0
votes
0answers
12 views

details for getquote script used by ledger-cli [on hold]

I see in documentation that getquote script gets called for the download of prices. I have a few questions (answering which might be helpful and put on the wiki): where is the script expected to be? ...
0
votes
1answer
72 views

Spitznagel Black Swan Hedging

I am reading about how Spitznagel does hedging from Forbes - Protect your Tail. It's unclear to me how he is getting the returns he is claiming, Spitznagel's hedges mostly involve buying far-out-...
0
votes
1answer
43 views

Does ledger-cli support FIFO principle for selling stock lots?

I could not find the detailed information about lot tracking in ledger and would appreciate if someone took the time to make it explicit. If I have two purchase transactions for a fund, at 100 units ...
0
votes
1answer
26 views

Merger/Acquisition on short and long symbols

I have a general understanding of how mergers and acquisitions work for symbols being traded in long positions. However, I am confused about how these events are calculated when shorts positions are ...
1
vote
3answers
118 views

Compliant investing

After saving for a couple of years, about half a year's salary has accumulated in my savings account and I now want to start investing long term in index funds, however if I open a securities account ...
4
votes
0answers
30 views

What, exactly, makes an “unrelated business” unrelated in the case of junior partnerships held inside IRAs?

My question is concerning the unrelated business income tax on partnership interests inside a Roth IRA. Specifically, I own common stock in a company that's technically classified as a Limited ...
21
votes
6answers
5k views

Is the Standard Deduction better than Itemized when both are the same amount?

For 2018 the standard deduction is $12,000 for individuals, $24,000 per household. If someone's itemized deductions equals the standard deduction, or is very close, which one is better to take? For ...
2
votes
2answers
92 views

May I omit from my tax return pages on which I've left all fields blank?

For example, when filing Form 1120 for 2018 by mail, if I've left all lines on page 2 (Schedule C) blank, may I leave out page 2?
10
votes
2answers
3k views

Do you forfeit tax refunds/credits if you aren't required to and don't file by April 15?

Some people in the United States are not required to file an income tax return (e.g. their income is too low). However, they could be entitled to a refund of wages withheld, or a credit such as the ...
0
votes
0answers
24 views

My personal contribution to SIMPLE as an owner

Can I make my personal contribution, as an owner, right up until by tax filing deadline since I wont really know what I made until then?
2
votes
1answer
63 views

Dealing with an incorrectly filed tax return

Situation I had one company (in another state that I have used for years) file my taxes but when they had finished and sent us the results in the mail we noticed they had filed Married, filed jointly ...
46
votes
5answers
26k views

Withdrew £2800, but only £2000 shows as withdrawn on online banking; what are my obligations?

I just withdrew £2800 from the bank. Looking at my online banking, there is only a withdrawal of £2000 listed. The form I signed said the amount I asked for, and the teller weighed the cash out on the ...
0
votes
1answer
56 views

price up under selling pressure

Why does share price go up in spite of tremendous selling pressure? I shorted one share after seeing one share where selling was three times more than buying but it went up.

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