All Questions

5
votes
1answer
74 views

Who Guarantees What in the 'Current Account Switching Guarantee"?

Someone I know recently used the UK 'current account switching service'. Suffice to say, it didn't go as its supposed to. The old bank account was closed without collecting the direct debits and ...
0
votes
1answer
46 views

Is there reporting for commodities and forex trades?

I was wondering why stock trades are required to be reported to the exchange or trade reporting facility, but why other asset types like commodities, forex etc. don't have to be reported? I couldn't ...
0
votes
2answers
45 views

Employee’s Withholding Allowance Married

I'm filed with payroll as married with three allowances (I have no kids). I make $80,000/yr, and file as "Married filing jointly". Wife doesn't work. What is the optimal Employee’s Withholding ...
1
vote
2answers
99 views

Do people still contribute to their Employer retirement accounts/ IRAs while doing dividend investing?

I was looking into dividend investing for a passive income for the far future. My question is, do people still contribute to their Employer retirement accounts/ IRAs while doing this? Do they ...
0
votes
0answers
24 views

Are non-resident aliens (1040N0) allowed to offset stock gains with stock losses? And are they allowed to carryover losses? [duplicate]

I am a non-resident filing tax returns using form 1040NR. I'm really struggling to find an answer to the following questions, maybe someone knows and can help - For 2018 - Are non-resident aliens ...
0
votes
1answer
221 views

how does this scam work [closed]

so, i know it's not totally about money, but you guy seems to alway know how they are making their money since more than 6 mounth i got a lot of random friend request on steam from bots. usually i ...
31
votes
6answers
5k views

ESPP--any reason not to go all in?

I'm just finishing up paying off my student loans (woohoo!) and am starting to look at places I can put my money to make it work for me. I've read Kobliner's Get a Financial Life and am interested in ...
1
vote
3answers
183 views

Short term living (3 to 4 years).Am I better off renting, taking a 15yr mortgage or a 30yr mortgage?

I just moved to a new city and I'm currently renting and apartment for $575 a month. I got a full time job so now I can afford more so I was thinking of buying a property. I expect to live in the area ...
0
votes
1answer
40 views

Validating Annualized TWR

We have: an initial deposit of $2,500,000 Then, every year end we make a deposit of $750,000 We make this same deposit for 13 years At the end, we have a final value of $50,000,000 Our system ...
1
vote
0answers
17 views

filing inactive (no business activity) s-corp return 1120s

In 2017 my s-corp had activity and I used an accountant to file the return. In 2018 I did all the business under my own SSN, and the s-corp had no business activity. I understand that I still have ...
0
votes
0answers
13 views

Form 1116 Part II column U does not calculate

Entered tax paid in foreign currency in column P, but form does not allow me to enter US dollar equivalent in column U. Supposedly this will be calculated automatically, but can't see how it could ...
1
vote
1answer
44 views

Funds transferred to India after three years of leaving US

I was in the US for a few years and didn't close my savings and checking accounts in the US at the time of return. After three years of my return from US, I transferred some funds to my savings ...
1
vote
3answers
65 views

How does a bond's coupon rate differ from its market yield rate?

I'm trying to understand how bonds work and am confused by coupon rate vs market yield rate. Suppose company Foo issues a bond with a face value of $1 million, a 4% annual coupon rate payable semi-...
3
votes
1answer
77 views

My stock broker gave me two 1099-Bs. Should I file two Schedule-Ds?

Robinhood is my broker and this year I decided to file my Federal and state taxes by myself. Robinhood gave me two 1099-Bs for last year. Half of my transactions are on one 1099-B and the other half ...
0
votes
0answers
51 views

Should I increase my tax liability to better utilize a nonrefundable credit?

My household qualifies for the maximum $2000 non-refundable Lifetime Learning federal tax credit. However, due to planned aggressive contributions to retirement accounts, my tax liability is low ...
0
votes
0answers
91 views

PayPal - getting away from them with TransferWise

We are outside the US and can't use Stripe for our business. Using PayPal, we have thousands of USD in the balance. I need to take large amount of money from my PayPal and move it to a bank account ...
1
vote
0answers
22 views

Capital gain tax on stocks for nonresident alien under USA-German tax treaty

I am trying to understand the tax treaty between USA and Germany but this is a pain. I am in the USA on a student visa and considered to be a nonresident alien for tax purposes. I had some gain from ...
1
vote
1answer
37 views

Mismatched cost basis on 1099-B form for ESPP shares

I have a question about my 1099-B form regarding ESPP sales. My company allows me to buy shares at a 15% discount through an ESPP program. I buy-and-hold for 1 year 1 day so my sales are taxed at ...
4
votes
0answers
46 views

Does a French citizen living in the US owning stocks in a brokerage account in France have to pay taxes on dividends to the French tax authorities?

Does a French citizen living in the United States and owning stocks in a brokerage account located in France have to pay taxes on dividends to the French tax authorities (fisc)? Additional ...
5
votes
4answers
297 views

Should I contribute to my employer's Employee Stock Program (ESPP), and if so how much and only during certain times of the year?

Although it is company-specific, what are your experiences when contributing to ESPP (Employee Stock Program)? More specifically, do you recommend contributing to ESPP in max? Or maybe it is only ...
-2
votes
0answers
100 views

is this third-party money laundering? [closed]

Can I create a business in which I take in wire transfers from people, pool the money, and then send wire transfers out to entities on people's behalf (effectively making the process of who you send ...
-2
votes
0answers
54 views

The share price: buy vs. sell? [duplicate]

I am new to trading and I would like to ask how to know the price of a stock? For example, in buy it is 7108 and sell it is 7101. How to know the share price or the amount of dollars that I will give ...
0
votes
1answer
32 views

What to consider Cash Flows in DCF analysis [closed]

When evaluating a project using discounted cash flow analysis, are cost savings (such as lower utility bills) as a result of taking on a project considered cash flows? Also, should the increase in ...
1
vote
2answers
179 views

Unknown 3rd party asking for first 6 & last 4 digits of my CC

I recently noticed 3 separate charges, spaced two weeks apart, for $39.99 each on my bank statement. The charge descriptions feature websites that I don't recognize - two charges are from one site and ...
0
votes
1answer
17 views

On my tax status and the substantial presence test for F1 student on OPT

I have done much reading on the matter but I find myself still uncertain regarding my current tax status, because of how the exemption days count for F1 students. I got my F1 visa and have been ...
1
vote
1answer
205 views

Contractor didn't fix the problem and made superfluous work

I had a roof leak; the first roofer inspecting the problem replaced some chipped tiles and also replaced a missing dry verge (which was not related to the leak problem). However, the leak was still ...
0
votes
0answers
29 views

NRI returnig to india for good but have forex income in USA

I worked in US for 4 years and decided to return to india for good . I have regular income from forex which comes to US bank account and I pay tax to US government. Once I return to India , am ...
24
votes
1answer
8k views

Why would the IRS ask for birth certificates or even audit a small tax return?

My daughter and her boyfriend live together, and he is the sole earner in the home. They each have a kid plus 1 together. H&R Block told them that he didn't make enough to do his return and now ...
0
votes
2answers
74 views

Is this the correct way to calculate how much I'll get paid on Dividend Payable date?

I'm brand new to purchasing stocks and I have a question. If I purchase, say, one share of Exxon at $78.19, do I divide 78.19 by 4.09 (Dividend Yield/Amount) = 19.117 ? Would this mean I would get ...
1
vote
0answers
28 views

Optimal allocation to different employer plans to reduce tax bill in current year

I am a canadian citizen that work for a canadian employer and this is how my allocation to the various employer provided plans look. I read that I am required to pay taxes on the EPSP. Can someone ...
26
votes
9answers
9k views

3.5% Interest Student Loan or use all of my savings on Tuition?

I've got one year of University left and luckily I've managed to stash around ~$18k in savings that my expenses never cut into. My tuition for my last year will probably be around $13k. I hate the ...
1
vote
0answers
56 views

Using Standard deduction while filing 1040NR for year 2018

As per https://www.irs.gov/pub/irs-pdf/p519.pdf Standard deduction. If you are a student who qualifies under Article 21(2) of the United States–India Income Tax Treaty, you can take the standard ...
0
votes
0answers
9 views

Bloomberg Ticker from Index ISIN and Index Key

Is there a way to find the Bloomberg Ticker for an Index given the Index ISIN and Index Key?
0
votes
1answer
46 views

Change in equity in a company

I'm very new to being a shareholder in a business and know nothing of the financial side because I am just a shareholder and not allowed to view the accounts etc. Long story short my % in the company (...
1
vote
1answer
38 views

How do I submit receipt for FSA reimbursement for my spouse's medical expense?

I and my two children are under Kaiser, while my husband is under a different medical plan (BlueShield of CA). I enrolled in medical FSA while he is not. I read online that his medical expense can be ...
4
votes
4answers
343 views

Is every active fund bad?

My father (who actually is in banking) recommended me an active fond (https://www.finanzen.net/fonds/deka-globalchampions) in which I invest since some quite some time monthly as long-term investment. ...
4
votes
2answers
240 views

Victim of mandate fraud

I'm hoping somebody will be able to help me with my situation. I have summarised it as concisely as possible below. I had been dealing with a kitchen company who were to provide me with a new kitchen ...
1
vote
1answer
45 views

Formula to Calculate FIFO VS LIFO for Financial Instruments

Suppose an individual partakes in some mixture of short term trading and long term investing. Is there a multivariate formula that expresses under what conditions (average/variance of time in a ...
2
votes
1answer
131 views

I have a dental health policy and I have a general health policy that includes dental. Can I claim on both?

I had to have a crown for £500. I claimed through the specialist dental insurance. They paid out £350. Can I now claim on the other general insurance policy for the £150 that wasn't covered? I know I ...
10
votes
5answers
3k views

What type of investment is best suited for a 1-year investment on a down payment?

I'm looking to buy a house, but lacking in the capital to make an adequate down payment on said house. My lease expires in a year from now, so I am looking to build up my capital through investment ...
2
votes
1answer
94 views

Over-collection of FICA (social security and medicare) taxes

I have been non-resident alien in the last year 2018, and I have switched to a new employer in the last few months of last year. Last month, I discovered that my new employer was collecting FICA (...
0
votes
1answer
81 views

How are tax returns controlled by taxation authorities

How do taxation authorities such as IRS control income tax returns by residents? In case a person has a taxable income for which he didn't pay the tax, how can it be discovered?
0
votes
1answer
113 views

Fed's interest rate vs. effective rate?

I'm trying to understand the "Fed interest rate". Wikipedia says: "Financial institutions are obligated by law to maintain certain levels of reserves... The bank can borrow the requisite funds ...
1
vote
1answer
198 views

Car payment getting paid but not taken out of bank account

I notice that my car payment hasn’t been taken out and, and saw that someone or something took out $33 from my savings. This meant I didn’t have the funds to pay my car payment anymore. Then saw ...
0
votes
3answers
144 views

How to find reliable trusted profitable passive income residing in Eastern Europe?

I would like to stop working and receive some passive income from anything that can generate income. I live and reside in Eastern Europe (Ukraine). I don't trust Ukrainian banks since they are not ...
1
vote
2answers
194 views

I submitted my credit card number to an unreputable site. What should I do now?

I was shopping for an uncommon item, found a site that claimed to sell it, and placed an order with my credit card (which went through Verified by Visa). Only afterward did I realize that this site ...
1
vote
1answer
69 views

End balance after x years of an account with fixed interest rate and growing withdrawals

I am looking for a formula to calculate the balance on my savings account after x years whereby this savingsaccount has a fixed interest rate and my withdrawals increase each year (because of ...
4
votes
1answer
147 views

Bonds near maturity better than 3-month CDs? Need help explaining Bond stats

I have a ton of money in a checking account earning 0% interest. I thought about buying 3-month CDs with 2.25% interest (or 0.56% per 3 months), something short term so my money isn't locked up for ...
3
votes
2answers
69 views

What is the result of rebalancing if one class zeroes out?

Let's say we have a set of investments, a target allocation to those investments, and commit to rebalancing at some particular frequency. In the worst-case scenario, if one of the classes ...
2
votes
3answers
112 views

Starting with options trading

I am a regular trader with stocks but I am a complete beginner with options. I am referring to a few online resources like here and here However, I have a few questions. Say I call a stock at $50 ...

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