All Questions

40
votes
10answers
17k views

Why would anyone buy U.S. Treasury Bills?

From the Treasury Direct website, I saw this Bills: U.S. Treasury Bills are a type of short-term security of one year or less, usually issued at a discount. The discount is the amount the security ...
1
vote
1answer
64 views

Roth IRA Nondeductible basis

I've been using TurboTax to file my taxes for the past decade or so. Since 2015, for income reasons, I have been making after tax (nondeductible) contributions to a Traditional IRA, and then ...
0
votes
0answers
51 views

How to store foreign currency? [closed]

I've some foreign currencies (CHF, USD) and I'm currently storing them on my Revolut account. I don't want to store so much money in a single account/company. I don't want to change them to GBP or any ...
0
votes
1answer
37 views

Effective Yield for Bonds

While reading up on the effective yield for bonds I noticed that it relies on the fact that the investor reinvests their coupon earnings in order to take advantage of compound interest. However, does ...
3
votes
1answer
110 views

Buying foreign currency as a long term investment [on hold]

I live in a country with an uncertain, collapsing economy. The exchange rate compared to USD and EUR@ is sky rocketing that effectively wiped off 20% of people's savings in just 8 months! See USD-LKR. ...
0
votes
1answer
38 views

Definitions of borrowing / lending long-term & short-term

What is short-term & long-term? I read that it is investments of short period (less than one year) and long period respectively, but I cannot realize then what means borrowing/lending short-, long-...
2
votes
1answer
116 views

Maximum Roth IRA Contribution in 2019

What is the maximum contribution for a Roth IRA in 2019? I believe it was $5500 in 2018 and curious if it had been increased. Thanks
1
vote
1answer
94 views

Will closing my bank account cause my credit card to also close?

I've been with Comerica for many years now. I opened up a credit card with them about 4 years ago. It's my only credit card. I opened up the account to help build credit; it's in good standings and I'...
4
votes
1answer
103 views

Double dipping Medicare payments

I am 78 years old. I collect Social Security, and am on Medicare, and also work part time paying SS and Medicare premiums. Since Medicare is being deducted from my SS every month, can I get refunded ...
23
votes
8answers
9k views

Why did the federal government ever allow taxpayers to deduct their state taxes from their federal taxes? [closed]

At the end of 2017, President Trump signed into law the Tax Cuts and Jobs Act with among other things eliminated the federal tax deduction for state taxes paid. Essentially, the federal government ...
1
vote
2answers
76 views

Credit Union Merged Credit Card transferred to new bank Credit Score Drops 30 points

I live in the USA. I was a member of a small credit union which has merged with a much larger one. I kept a credit card with the small credit union because my interest rate was only 5.75% When the ...
0
votes
0answers
23 views

Redemption Date and value of a Debt

In Indian Stock Market, When I searching for Debt Securities I found the following fields. Redemption Date Redemption Amount Conversion Date Conversion Amount What does it mean for? Is the ...
0
votes
1answer
143 views

Is it a normal practice to ask to return credit card when closing a bank account?

I have closed my bank account and the bank seems to have deliberatelly punished me for not returning the credit card to them. I would like to argue my case with them, but first I would like to know if ...
0
votes
2answers
243 views

What should be done when my cash reserves are high?

When I have plenty of money in hand available, which is the correct choice? is it better to pursue new investments? To do things that were not done in previous days? Donate to charity? Upgrade my ...
1
vote
0answers
161 views

Are there legitimate reasons to cover part of the vehicle identification number (VIN) that is visible through the windshield?

A friend of mine, living in USA, went to check on a car being sold by an individual. He told me that the vehicle owner had covered part of the VIN that would have otherwise been visible through the ...
1
vote
2answers
325 views

A person ask you for money to help with a business problem in another country, you feel is trying to scam you, but you want proof, what can you do?

At first the person spent a long time developing a relationship. Then one day he started to talk about the company he works for. He had a mix up on supplies and due to this error, the company lost ...
2
votes
3answers
231 views

Is a traditional or roth IRA preferable at my income level?

Before taxes, I make $16k a year, which is not much of an income. I've been told that people who have low incomes should get a Roth IRA since they won't make much money off of tax deductions, so I got ...
0
votes
0answers
14 views

Which method CHATS, ECG, or TT should I use to transfer funds to account in Hong Kong Bank?

I've personal bank accounts with Shanghai Commercial Bank in Hong Kong (henceforth "SCB") and HSBC Hong Kong ("HSBCHK"). SCB accepts the FPS Identifier only to receive funds, and not to send funds to ...
0
votes
0answers
37 views

Stock symbol for P. H. Glatfelter Co. in1998?

Looking for the stock symbol for P. H. Glatfelter Co. in 10/15/98. Need to obtain a stock basis for stock gifted on that date.
2
votes
0answers
52 views

Would there be tax due on an inheritance received from a U.S. citizen that lived in the U.K.?

My mother passed away in August. She was a US citizen living in UK for 40+ years. Do my brother and I have to pay tax to bring the cash into the US? No tax had to be paid in UK. Not a big ...
1
vote
1answer
47 views

Are there any mutual funds tracking equity index put option writing?

Put option writing on equity indices (like the S&P 500) can be a strategy to pick up some small premiums in a rising market while buying some slightly discounted positions in the index during ...
3
votes
0answers
58 views

Accounting for monthly vested stock options as compenstation in GnuCash

I am working for a company that has recently gone public. Now I see a monthly accumulation of options vesting every month. I would like to account for these options as compensation in my accounts. ...
4
votes
0answers
57 views
+50

When should I expect to see payroll details on ird.govt.nz?

My daughter had two jobs in the second half of last year. The first was a very dodgy outfit that extended her shifts without notice, wouldn't let her take her breaks, and, I suspect, hasn't paid any ...
0
votes
1answer
48 views

Theory of stock exchange states for modeling its behavior (or a single stock)

I wander whether there is a theory that explains the stock exchange behavior (or a single stock) by assuming some transitions between (maybe almost) well defined states. If, I will appreciate a short ...
2
votes
2answers
51 views

How does share consolidation impact options?

Kinder Morgan Canada did a share consolidation that took effect today. I see there are still options out there that reflect the unconsolidated price. Would someone buying the put option after the ...
2
votes
0answers
24 views

How do ADR vs U.S.-listed foreign corporations handle dividends to U.S. investors?

If a Japanese company pays 500 yen/share dividend for Japanese investors on a Tokyo exchange, how will they pay U.S. investors who bought their shares? If it's a U.S. listed foreign corporation? If ...
3
votes
1answer
164 views

Accidental trade in Roth IRA

I accidentally made a few trades totaling about $6,000 in my Roth IRA that I intended to make in my taxable account. I realized the mistake when I got a notice from from broker asking me to deposit ...
15
votes
5answers
5k views

What does “Home Equity” do for me?

My wife and I are considering buying a home soon - some of the major reasons are personal, such as being able to perform repairs and updates to the property, and having the security and peace of mind ...
28
votes
5answers
11k views

How does the government shutdown affect tax returns?

Has a government shutdown in the past affected tax returns? In terms of refunds, is there anything to be expected differently based on historical precedent?
1
vote
1answer
233 views

Closing company, what do to with last amount of funds?

So the business is about to be shut down and there is a little bit of funds left over in the business bank account which I do not want/need. According to https://www.gov.uk/strike-off-your-company-...
0
votes
2answers
211 views

Are you out of pocket if moving before paying mortgage interest?

Please could somebody clarify the following scenario for me (first time buyer)? Are there any tips? Any differences if moving from one lender to another? Supposing I take out a 25 year mortgage on a £...
1
vote
0answers
51 views

Withholding Tax for Citizen of No Tax Treaty with US

I am a citizen and resident of Saudi Arabia, a country with no tax treaty with the US. I receive monthly royalties from Amazon as a designer in their print on demand platform (they sell t shirts of my ...
33
votes
7answers
11k views

Selling a property - multiple offers of same value?

In the U.S., when selling a residential property, is there a rule or law regarding how to handle multiple offers of the exact same monetary amount? Is this the kind of thing that would vary state-by-...
1
vote
1answer
54 views

Alternate Payment Methods That Protect Sellers With Virtual Services [closed]

I use eBay and my own site (hosted by Wix) to sell a virtual service with uses PayPal as the only payment option. Since the virtual service contains no physical item that gets dispatched, protection ...
2
votes
0answers
43 views

Roth IRA Conversion vs Recharacterization

Despite trying to hit the nail on the head, I managed to put more into my Traditional IRA for 2018 than I will be able to deduct due to Traditional IRA phaseout limits. The last thing I want is to ...
0
votes
1answer
84 views

I worked in two states for the same company

I worked for the same California-based company in 2018, working remotely from home. I am a 1099 employee, so my employer does not withhold any taxes. I lived in California for six months, then moved ...
0
votes
1answer
37 views

In general, do you need to make a tax declaration when there is no capital gain? (Europe and USA)

If you make an investment and you haven't made a capital gain (I am thinking specifically in investments not formally classified as such - like cryptocurrency, or any investment which doesn't come ...
1
vote
3answers
247 views

Take money out of paycheck into income producing asset(s)

My company has a 401k plan where they would take out money from my paycheck and match whatever I put into it. The concept of taking money out of my paycheck every two weeks and put it into a ...
2
votes
0answers
20 views

NRA who has unearned income on Form 1042-S

I need to recover taxes reported on a Form 1042-S for my grandchildren who are non native, Native Americans. Under the Dual Tax Avoidance Agreement / treaty between Germany/USA, I submitted a W8-BEN ...
0
votes
0answers
29 views

Amortization for a loan with weekly compounding and monthly payment [closed]

I am being honest that I am a developer nothing to do with finance. I have a ongoing work in a application to create a amortization payment on loans. Very similar to - https://financial-calculators....
2
votes
2answers
33 views

Correcting a post-tax HSA deposit?

Due to a payroll error at work, my HSA contribution got put in twice for the first pay week. Once pre-tax and once post-tax. The extra total amount being in there is fine as it won't cause any limit ...
3
votes
0answers
105 views

How can I get the information why IRS doesn't want to give me an ITIN?

TL;DR: What are the venues we could take to understand why my friend’s ITIN application has been rejected and how do I finally get ITIN? Some Backstory: I am helping a friend from a non-visa-free ...
0
votes
1answer
196 views

Storing Money Without a Bank [closed]

One way to store money without a bank account, could simply be keeping it in banknotes, however that's not very safe. So is there another way to store digital money that is not a bank account? ...
1
vote
0answers
56 views

Bonus which will have to be paid back [duplicate]

I received a retention bonus during the tax year 18, with the clause that if I leave within the year I have to pay back the full amount. I will hand in my resignation and will have to pay back bonus ...
-1
votes
1answer
186 views

should I sell some stocks?

I am 80yo and have some great stocks with dividends which is great but most without dividends. I need to remodel my home and was wondering if it would be sensible at this point in my life to sell ...
4
votes
1answer
72 views

Is there any downside in opting in for Bank of America Preferred Rewards?

Is there any downside in opting in for Bank of America Preferred Rewards? I haven't seen any but opting in is voluntary and one can opt out, which makes me wonder whether there exists any downside.
1
vote
1answer
72 views

Increase bid on home in exchange for down payment/credits

This webpage discusses the idea of bidding higher on a home in exchange for the seller paying closing costs of the same amount. Is it also permissible to bid higher and request the seller pay for (...
2
votes
2answers
245 views

Why would I buy bonds? [duplicate]

Say I want to buy a bond that matures in 10 years, and that pays out 5% of once a year, so it has 10 payouts remaining. Say the value is 100$. Say the bond is being sold for 140$ today. I would be ...
1
vote
2answers
59 views

To what extent can dividends be seen as an informed and careful conclusion about the company's long term ability to at least maintain it?

John Lintner found that management aimed to have a stable payout ratio target but, in fact, it is often the dividend itself that is kept stable and that reverting a dividend hike in the future would ...
1
vote
0answers
23 views

I’m a low income non resident alien which don’t fill United States Tax returns. Can I claim to get an ITIN under French tax treaty?

Let’s be clear. I’m not concerned by any disposition for the tax treaty nor I can file a tax return and the real purpose is to open a bank account. But I far I understand, if I claim a benefit of the ...

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