All Questions

0
votes
2answers
132 views

How do I find a good accountant?

I'm wondering what types of resources are available for finding a good accountant, both in terms of assessing the quality of the services they provide as well as the cost of their services in ...
0
votes
0answers
3 views

How can I distinguish ordinary dividend from qualified dividend for when reporting amounts related to foreign financial assets in Turbotax (US taxes)?

How can I distinguish ordinary dividends from qualified dividends for when reporting amounts related to foreign financial assets in Turbotax (US taxes)? I don't see the option:
0
votes
1answer
13 views

If I start earning again, does my USA SS income get reduced?

I have not shown any income for the past seven years, and receive about $900/month in Social Security. This year I will earn about $30,000. Will this affect my SS income, and if so by how much (...
0
votes
0answers
9 views

What do you file as the form number you filled last year if you amended it?

Last year, I accidentally filled Form-1040 first, then I realized that I need to file 1040NR-EZ. So I filled 1040X and 1040NR-EZ last year itself. Now I was filling the 1040NR form this year and ...
2
votes
4answers
43 views

What fundamental value do Options give the economy?

I had been wondering lately what the economic value that financial Options (Calls, Puts, American, Bermudan, etc) give to the economy is. In essence, what good do they give us, vs. simply trading the ...
-1
votes
1answer
3k views

Is there an IBAN for US banks?

Do US banks have an IBAN number? Im trying to wire money through my Bank’s website and they’re asking for the IBAN is there one for us banks? And if not what do I do?
0
votes
0answers
14 views

Mutual fund classes and NAV

The explanations of NAV I see are that it is the value of the fund, less liabilities, divided by the number of shares. The fund's expenses come out of the fund's net assets. Most funds have ...
0
votes
1answer
69 views

How to buy gold in small portions in Europe? [on hold]

In a couple of years, my child will go to college. I want to save up some money for that time. I need to store that money in something that will preserve some value even after 5-10 years. Therefore I ...
1
vote
2answers
257 views

Can a victim of a gift card scam dispute Credit Card transaction?

One of my colleagues got scammed for $14,000 by one of the Apple Gift Card scams. He paid $4,000 in Cash for Gift Cards and bought the other $10,000 worth by maxing out a credit card. He's gone ...
0
votes
0answers
14 views

Which tax credits are calculated in proportion of time of residence in Canada and which are not?

I became a Canadian resident in 2018, having spent 260 in Canada in the tax year. I've read some official guides, and examples there instruct to prorate federal credits to time of residence in Canada. ...
1
vote
1answer
21 views

Residency for tax purposes if visa switched from H4 to F1?

I came to the US in 2007 on an H-4. Then in 2017 I switched to an F-1 visa. Am I a resident for tax purposes? I keep reading that on an F-1 you are "exempt" from the substantial presence test for 5 ...
0
votes
1answer
21 views

Tax on foreign income paid the year after

I was a self employee and worked for company in Oct 2017 in France, but only received the salary the year after, Jan 2018. It was my only foreign income. I didn't count it for 2017 as I thought I ...
4
votes
2answers
3k views

Are there any benefits to investing with a group of friends vs. by myself?

Total newbie here... Are there any benefits to setting up an investment group/club between myself and three other friends, as opposed to doing it by myself? I am only talking small amounts, say $25 ...
0
votes
0answers
23 views

Transfer money from China to US

I am a US Citizen and my wife is from China now a US permanent resident. Her father in China would like to help us buy a house here in US. He will provide a gift for $160K. What is the process to get ...
2
votes
1answer
160 views

Buying business product for a business associate that's abroad

I was wondering if there's any legalities regarding the purchasing of product for a business associate that is abroad? I would buy the product and he would reimburse me the money. The products are ...
2
votes
1answer
43 views

Is there a list of financial assistance programs in Ontario, for the poor but not disabled?

As nobody in my family is disabled, we probably don't qualify for Ontario Disability Support Program. But we're indigent, and I'm downcast to find out only about OESP today! I know about the big ones ...
8
votes
5answers
2k views

Roth IRA = Emergency Fund. Any Safe Investments?

I've been building my emergency fund through automatic deposits into a Roth IRA at TDAmeritrade. This has been working well, since the money is out of sight, out of mind, and I can easily withdraw it ...
1
vote
1answer
24 views

Selling ETFs in Roth IRA fund, in exchange to buy Bonds tax implications

I would like to sell ETFs in my Roth IRA fund, in exchange to buy Bonds. What are the tax implications of this? Even if the money is still held in the Roth IRA fund, would I get taxed?
2
votes
1answer
67 views

When should an immigrant to the US be able to freeze their credit?

I know someone who's been in the US for about three years. He came legally and is in the process of becoming a citizen. He has a bank account, a shared checking account with a family member, but no ...
0
votes
1answer
64 views

How to use Social Security survivors benefits data in calculating the amount of needed life insurance?

I see a question How much life insurance do I need? , but I want to buy least amount of Life Insurance but still cover my kid and spouse. We all get annual social security statements and it mentions ...
1
vote
3answers
73 views

What's the interest rate in this example of irregular payments?

Loaned out $10K, with the following payments (like, these are all the payments there will ever be) Period 1 2 3 4 5 6 $0 $0 $0 $0 $26K $4K How would I ...
1
vote
1answer
75 views

How does a private entity FINRA have authority to impose fines

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 ...
1
vote
1answer
38 views

How the uniformity in exchange rates are achieved?

Suppose it takes 95000 euros to visit Suriname. and I am from India. Now first i converted 95000 euros to inr which came as 93689 rupees . Then just out of curiosity, I tried converting 95000 euros to ...
5
votes
2answers
632 views

Taxes on Dividends in a Roth IRA

Do I have to pay taxes on dividends that I receive from stocks in my Roth IRA? I'm aware that I won't pay taxes on my money if I take it out after age 59.5 or if I take out less than or equal to the ...
1
vote
0answers
39 views

How to declare small business income before bank account is open

I have incorporated a company in December last year, and since then we started making money but had no bank account. Because of the company structure, one of the shareholders who owned more than 25% ...
2
votes
1answer
1k views

ACH data for Deutsche Bank, Germany?

For an international ACH transfer as part of the e-gold claims process, I need to specify in an online form: Financial Institution Name Financial Institution Address Financial Institution City ...
1
vote
2answers
41 views

Probability of success in a Bull Callspread

Suppose I have a bull call spread where I am long on an ATM Call (+ 0.509 delta) and short OTM call (- 0.220 delta). What will be my probability of success in this trade?
0
votes
1answer
150 views
+50

Does SIPC protection apply if a brokerage doesn't actually purchase securities?

Suppose there is a brokerage (not like Madoff case), where investors buy ordinary stocks/ETFs (qqq, brk-b orcl or any stock traded on NASDAQ/NYSE, not pink sheet or unlisted) at a time (and never sell)...
0
votes
1answer
34 views

How to read Morningstar's fund holdings?

I am trying to understand the numbers in the holdings for VEXPX (I'm not specifically interested in this fund, this is just an example) compared to SEC filings (which I guess limits the question to US ...
2
votes
2answers
106 views

Downside of having multiple brokerage accounts?

I have around 4-5 long term objectives, that I would like to invest towards separately. I was planning on opening a separate brokerage account for each objective. The benefit would be that each ...
2
votes
2answers
77 views

401(k) distribution tax calculation

Wanting to receive $25k distribution from my fully vested 401k w/former employer. Figuring required 20% withdrawal penalty to be $5k (25,000 x20%), so my account balance would be reduced by a total ...
1
vote
1answer
196 views

What can someone do with the last four digits of my credit card number, last four digits of my social security number, and my zip code?

I recently got a call from my “bank” telling me that there have been several fraudulent transactions on my credit card. Naively I believed them and gave them he last four digits of my credit card ...
18
votes
1answer
1k views

What's the differences between a discount broker and a regular broker?

What are the differences between a discount broker and a regular broker? "Discount" implies a price difference... but why can they be cheaper than regular brokers??
1
vote
2answers
112 views

How do I get a list of the top performing funds between two given dates? [on hold]

Between dates X and Y return a list of the top performing funds, indexes, ETFs, etc for that date range. i.e. if a lump sum had been invested at date X, a list of which funds had the top performance ...
1
vote
3answers
217 views

Financial advice needed, my new used car needs a new engine

I bought my car in January 2018, financed $10,300. Today I took it in for an oil change and mysterious ticking; the dealership called and said the ticking was an engine problem. The car is not safe to ...
2
votes
4answers
315 views

Should I get a financial advisor?

I am 21 years old and graduated from college and I obtained a decent job. I have read a lot about managing money, and I believe I could manage my own money by myself. I am interested in maybe going a ...
26
votes
8answers
5k views

Fee-only financial advice vs. asset management (which includes advice)?

My wife and I are looking for a financial advisor. I am 52 and she is 48. We have a million plus in assets, with most of that in 401k... about 500,000 in a brokerage account. We have found a ...
1
vote
0answers
29 views

Quickbooks Add-On Service Discontinued on 5/31

I am using QuickBooks Pro 2016. I received a notice that Online banking will stop working after 5/31. My question is if automatic bank transaction sync going to stop working only and/or the ability ...
16
votes
2answers
3k views

What is Cash Advance APR?

I just got my first credit card. I haven't spent anything on it but I see that the Cash Advance APR is 27.5%. Can someone tell me in layman terms what this means?
0
votes
0answers
23 views

Resident alien received T4 but not living in Canada [on hold]

Where do I enter my foreign income when living in US 100% but received a T4 from a Canadian company?
0
votes
0answers
17 views

Which tax forms to file for money transferred for a purchase made on behalf of a foreign entity?

I'm in a weird situation, where over the course of the past year, I've been purchasing items on behalf of a relative in a foreign country using money that he has been transferring to me. The money ...
0
votes
2answers
121 views

I have some money left

I got a scholarship, which is more than what I need for the period of my studies. So, approximately 300 to 400 euro is in excess, what can I do with this money? I am 20.
0
votes
2answers
238 views

Is it safe to share the first six digits of my credit card with an immigration company?

I was contacting with an Immigration company from Canada during the call the took all data which they need to start their evaluation. Then, they requested to know the first 6 digits of my payment card....
20
votes
2answers
7k views

15% tax on $7.5k earnings. Is that right?

This year is my first year in the USA. My sole earnings were an honorarium from a university for $7,500 -- reported on a 1099-MISC form in box 7. For this, I was on-site for a few days and talked ...
0
votes
0answers
25 views

How to change register colors in gnucash 3.x?

I upgraded from gnucash v2.4 to 3.4 and I read the colors theme are gone... and to follow the instruction in "https://wiki.gnucash.org/wiki/GTK3#Register_Appearance" to change them in v3.4. So I ...
0
votes
1answer
49 views

Forgot to remove blanks from IBAN

I've forgotten to delete the spaces in IBAN while sending money via swift.I checked the MT 103-single customer credit transfer paper, Everything is just correct but the blanks.(No missing digits only ...
3
votes
0answers
47 views

State income tax : full resident, spouse part-year resident: joint return possible?

In 2018 I was a resident of New Jersey the whole year, but my spouse was a part-year resident: he permanently moved to Germany on August 1st and established his domicile there. After that date, he ...
3
votes
3answers
119 views

Joint gift to grandchild

In 2019 we plan to give $25,000 to our 26 yr old grandchild. All of our ready cash is in joint checking and savings accounts, with both names on the checks. Can we write one $25,000 check as a gift ...
0
votes
1answer
28 views

Transferred money to the correct IBAN; however, probably specified an incorrect SWIFT code and the message not included in the receipt

I have transferred a serious amount of money to a French bank from another country. I correctly specified the IBAN number. Additionally, the bank's SWIFT (BIC) code to which I should have transferred ...
4
votes
2answers
618 views

Gift tax issue ? Bank transfer to two individuals with same joint account

My wife and I want to gift to our son and daughter-in-law. They have a joint US account but are residing overseas, so sending checks for separate endorsement is not reasonable. We can bank-transfer ...

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