Questions tagged [united-states]
For questions that relate to the laws, practices, and products of the United States.
12,738
questions
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1answer
31 views
Is 0% coinsurance better than a lower deductible?
I have two options for my healthcare provided through work. My employer covers 100% of the monthly premiums for both, and the premiums would be essentially identical anyway (within $2/month), so that ...
-1
votes
0answers
58 views
Has anyone heard of the Possession app [closed]
I am currently applying for a position in the IT departement of an insurance / finance company. One of the preferred skill sets is familiarity with the "Possession network" program. I have ...
1
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1answer
40 views
Tax nexus for remote working
I currently work for a company based in Florida. We sell merchandise and entry to sporting events in many states including Arizona.
If I work remotely from Arizona, will it trigger a tax nexus?
-3
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0answers
42 views
Vanguard or iShares, and are there others? [closed]
Looks like Vanguard 500 Index Fund ETF and iShares Core S&P 500 are kind of the same thing of ETF. What one can say about the differences between these two? Are there other ETFs that compete with ...
1
vote
1answer
60 views
From which Stock Exchange should I buy ETFs?
I'm considering to buy ETFs through IBKR, which seems to be a safe bet investment. The same ETF can be bought from different Stock Exchanges (different countries), one example is the Vanguard S&P ...
0
votes
1answer
45 views
Which one is the VOO ETF I'm looking for?
I'm starting my investment education. From udemy - Complete Investing Course 2021 (Stocks, ETFs Investing) I found I should look for VOO ETF.
So I searched for it on IBRK but there are many:
So ...
1
vote
5answers
287 views
Can leaving a property vacant be more beneficial than renting it out?
I live in a major US city with strong demand for housing. Last year, a house on my street was purchased, but no one has ever moved in. During the first few months of this, my initial thought was that ...
0
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0answers
30 views
How do taxes work on an MLP whose cost basis hits zero?
For a USA MLP when the cost basis hits zero how are distributions taxed?
Should you sell the asset after the cost basis hits zero or continue to hold? (Assuming management is good)
19
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7answers
5k views
Why do gas stations charge higher price for credit card purchase while customers can purchase their gift cards from a third party?
Many gas stations have different prices in credit card purchases and cash purchases. The customer pays a slightly higher price with credit card purchases. On the other hand, if a customer uses cash or ...
0
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0answers
51 views
Moving money around the world
I was born in Brazil, also have Luxembourg citizenship. I have US based IBKR account (starting to play with it) linked to my current address in China. I'm working and saving money in bank in China. ...
1
vote
1answer
71 views
I waived the mortgage contingency and loan closing is delayed. What is going to happen?
I just signed a final contract on a house (single family in Illinois) and I waived the mortgage contingency. The reason I waved the contingency is because I had absolutely no concerns about getting a ...
0
votes
2answers
170 views
Is this a loophole in my credit card policy?
I have recently applied for a new credit card that and cardholders can get 5% cash back on purchases in their top eligible spend category each billing cycle, up to the first $500 spent (then 1%). The ...
2
votes
3answers
86 views
Do we get the "deferred tax" property like an IRA or 401(k), when we buy a mutual fund?
Although mutual funds (in USA) tend to move their position very slowly, but after 10 years or 20 years, that'd be more.
For example, if we buy a mutual fund in year 2000, and they invested in ...
19
votes
3answers
6k views
Am I comparing take-home pay correctly?
I have two offers in the US at the moment. One at 153k and one at 175k. Single filer.
annual gross
fed tax
retained %
take-home income
$153,000
0.24
0.76
$116,280
$175,000
0.32
0.68
$119,000
While ...
0
votes
0answers
62 views
Filling Robinhood's tax certification as a non-US Person
Country: United States
I am an Indian citizen on an F-1 visa, working while on my STEM OPT (and will change to H-1B status this October 1st). I have to certify my tax status on Robinhood.
They had me ...
3
votes
0answers
115 views
Internationally issued Visa Credit Card fraudulently used in the US, possibly because merchant bypassed card security features. What are my options?
My internationally issued credit card was stolen, along with a lot of my personal items in the US. There was also a Apple credit card issued in the US that were stolen, but the fraudulent charges were ...
2
votes
3answers
156 views
Is it financially smart for my girlfriend and I to get our own FHA loans for separate properties before marrying?
My girlfriend (22) is a nurse and I (22) am currently in my last year of undergrad for BS in Computer Science. I want to invest in real estate for the purpose of renting or using as an Airbnb to help ...
1
vote
2answers
103 views
Finding a list of companies on the market
I'm trying to analyze the 10-K/20-F report by comparing the revenue and growth rate with other companies.
I've tried to use the S&P 500 list here, but it only contains the best companies. How can ...
4
votes
1answer
238 views
ETF's, Capital Gains and Taxes
Suppose that an ETF (that holds stock) sells a stock at a profit. It is my understanding that profit must be distributed to the share holders as the form of a dividend. Once distributed, it would ...
11
votes
3answers
4k views
Is it possible to protect against investors stealing business ideas?
Think person A has a great software business idea. He also knows software programming and converts his idea to a mobile application. Then he needs to raise some money to launch the application, do ...
0
votes
0answers
62 views
Moving from UK to US - any financial tips and tricks? [closed]
I've been a UK resident (London) for the past 7 years and will be potentially moving to the US (New York) in the nearby future. If anyone has any tips and tricks to share on how to make this process ...
0
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0answers
22 views
Will stock options continue to vest if an employee goes into State Disability Insurance (SDI)?
If an employee in a publicly traded company needs to go on SDI (to get treatment) will the employee continue to vest options (ISOs, RSUs)? Is SDI like a sabbatical from a company's perspective where ...
0
votes
2answers
80 views
Is the way I'm calculating depreciation on my rental property correct?
I've recently purchased an out of state rental property. I'd like to be ahead of the game and fully grasp the concept of depreciation so that when tax season comes around, I won't be clueless.
I've ...
0
votes
0answers
92 views
Compliance issue with casino winning check
I received a check from a on-line casino from Canada. I took it to my bank to cash and they sent it to collections. After about 2 1/2 weeks they sent it back saying compliance issue. What does that ...
6
votes
2answers
440 views
Does overpaying estimated taxes lead to loss of non-refundable tax credit?
Say:
My total fed tax liability is 60K.
I've made estimated payments of 65K. (keeping withholdings out of picture here for simplicity)
I'll expect a tax refund of 5K.
I also installed solar panels and ...
0
votes
0answers
28 views
Is it possible for a non-citizen nor GC holder do crowdfunding inside the US?
I am an international student in the US. I have an idea and like to launch a company on that. I know I don't have a work permission but also know I can register a company and invest in it.
So can I ...
2
votes
1answer
50 views
Employer changing Healthcare provider during COBRA eligibility period -
I am currently on COBRA and my eligibility runs for several more months. My employer (who covers my COBRA) is changing healthcare providers. I assume they must let me continue under the new provider ...
3
votes
1answer
131 views
Cross-country mileage deduction?
My situation is not common... my lifestyle... not common.
Recently the company I worked for was bought out and the two "divisions" were split into 2 companies. I assisted the 2nd division on ...
0
votes
1answer
54 views
Last stock trades in after hours sessions of a single share that causes huge movement in price
When I sometimes scan down after hours price changes, I notice tickers where there is a single last transaction that has a huge effect on the AH price.
This is not an anomaly. I see it everyday on a ...
1
vote
0answers
16 views
What is the meaning of "to the extent attributable to contributions" in IRS Publication 519?
In IRS Publication 519 (Tax Guide for Aliens), in a section about Personal Service Income for pensions, is the following text (emphasis mine):
Pensions. If you performed personal services in the ...
2
votes
2answers
364 views
Can I pay a previous quarter's estimated taxes with current quarter?
I've never done estimated taxes before and I found out today is the last day for the June 1 - August 31 period to pay estimated taxes. I went to the IRS site and saw how I can do it but there is ...
0
votes
1answer
47 views
Can a company with a non-citizen/not green card holder board member taxed as an S-Corp?
If a company has 2 or 3 board members that one of them isn't a US citizen nor green card holder, is it possible for this company to be considered as a S-Corp in the tax season?
Or at least citizen/...
2
votes
1answer
116 views
Double taxation of US person receiving income from EU corporation
Between EU companies, money can be passed between parent and subsidiary without taxes.
As a US citizen, if I own a European company and distribute earnings, I will be taxed on the earnings upon ...
1
vote
1answer
141 views
Tax loss-harvesting with Crypto
There are headlines floating around about enforcing wash sale rules for crypto capital gains and losses, this prompted me to look into tax loss-harvesting, and it turns out I don't understand it at ...
1
vote
0answers
50 views
HUD housing recertification removing someone from lease
B"H
Hi
I'm trying to move out of HUD housing, and the re-certification has passed and my father has signed the documents without my signature re-certifying, which is what I want because I want to ...
3
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0answers
231 views
Can I avoid gift tax by gifting only a portion of a home to a parent instead of the whole value?
I live in Washington state and my mother lives near my brother in California. I was considering purchasing a house with cash, for her to live in. The cost of the house would likely be around $600,...
12
votes
3answers
9k views
Is it ok throw away my unused checks for one of my bank accounts?
When I opened my Bank of America account years ago, I was given >50 checks. So far I've only made 2 checks. Therefore, I'd like to dispose of all my checks except for a few ones, to reduce the ...
1
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0answers
72 views
What are the tax consequences of the borrower defaulting in securities lending?
I recently agreed to lend out some of my shares to my brokerage. They deposit collateral in a bank account, and the balance is adjusted daily based on the changing value of the shares borrowed.
My ...
1
vote
1answer
86 views
Do I pay taxes on BAT (basic attention token) when using brave wallet?
Basically the title. I'm using Brave Browser because I heard it pays you to view ads, and it does. I have 30USD worth of BAT right now. I just went through all the verification stuff in GEMINI, now it ...
2
votes
1answer
54 views
Paying Local Taxes in Pennsylvania when working remote for a company in a different state
I live in the state of Pennsylvania and work from home full time for a company in Virginia. I'm having my employer take out local Taxes based on where I live in Pennsylvania. Is this correct? Do I ...
15
votes
5answers
4k views
Why is net worth a recommended minimum for insurance coverage
My auto insurance recommends taking out a policy with a liability limit of at least my net worth. This doesn't seem intuitive to me in that the less money you have, the more a big bill is going to ...
18
votes
7answers
8k views
Can I take out a loan and pay it back immediately to avoid interest?
Ignoring why I would do so, I am wondering if it is possible to take out a personal loan (at, say, ~6% annual interest) and then pay back the principal + any interest back within a short time (within ...
0
votes
0answers
70 views
How can I open a US bank account without a US address, as a non-resident US citizen?
I am a non-resident US citizen who has received some money as a check. I do not have a US postal address and have never lived there, nor do I intend to visit the US in the near future.
Is it possible ...
2
votes
0answers
37 views
Stepped-up Basis with a Revocable Living Trust
Scenario is this: son was trustee and invested extra savings in cryptocurrencies while father was alive and not able to make his own decisions. A few additional cryptocurrencies were purchased after ...
1
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1answer
75 views
Probate in Pennsylvania
My husband and I have named our daughter as beneficiary to all our financial accounts. After our death will she be able to get the money without probate? We live in Pennsylvania. Thanks.
1
vote
1answer
81 views
Why [qualified] dividends are taxed differently from current income?
I am wondering what was the motivation to decouple taxation (USA) of short-term gains/income from dividends in 2003.
Before 2003, dividends were mostly taxed as current income, at a significantly ...
0
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0answers
42 views
Does one's online IRS account contain all the actionable notices from the IRS?
I read on https://www.irs.gov/payments/view-your-tax-account regarding one's online IRS account:
Digital copies of select notices from the IRS
Do these "select notices from the IRS" ...
1
vote
2answers
91 views
Mortgage refinancing - Deciding on points and no-cost
I'm refinancing a mortgage of ~$800k. This is our only/primary house and we do not haven any intent to move in the forceable future.
There are multiple parameters/choices and they make my head hurt.
...
2
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0answers
76 views
How much risk is there in securities lending? [duplicate]
I worked for a startup for many years and as a result I have a lot of shares in a company that went public via a SPAC deal. I know it's risky but I'm choosing to sell them over a period of a few years ...
2
votes
0answers
34 views
1031 exchange to buy out another party?
Can a 1031 exchange be used to buy out another owner of a residential rental property?
Say two people own one rental house 50/50. There is no assumed business name, LLC or partnership. The deed has ...
