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2
votes
0answers
19 views

Client is offering to withhold tax from my payment

I recently started working in an arrangement neither me nor the person who hired me has done before. Someone who works as a contractor for a company got a budget to hire me as a (sub)contractor. He ...
1
vote
1answer
20 views

Understanding futures contracts points

Currently, the SPX is 3044.3 and the ESM2020 (JUN 2020) is 3043.50. Can someone explain to me how the E-mini quote work? I am not asking about the profit/loss calculations but how do I assess this ...
-1
votes
2answers
97 views

I owe rent for a month and my landord is threatening me to move my stuff out of the house

This is Covid19 pandemic time and I understand that it is a tough time for everyone. I'm living in a rented single room in a shared-house with a verbal agreement (No on-paper lease) in MA, US. As ...
0
votes
0answers
30 views

If I invest in futures in my IRA, what am I going to see happen?

I have a Roth IRA with TD Ameritrade. I've been thinking about investing in stock futures in order to get higher expected returns (at the expense of very high risk, of course). I'm wondering what, ...
1
vote
0answers
35 views

Stopping erroneous IRS collection

We (my wife and I) had a Required Minimum Distribution Issue (RMD) that was supposedly resolved. We have a letter from the IRS stating that the waiver was granted and that we owe NOTHING for the tax ...
-5
votes
1answer
96 views

Why do people still do traditional jobs to earn money? [closed]

If PweDiePie earns $500000 per month, why do people still in 2020 do demanding/draining/volatile corporate jobs, life-threatening military/spy/mercenary jobs, horrible teaching jobs, and so on to earn ...
0
votes
0answers
12 views

Gnucash: AqBanking assistant just won't start

I am using the most recent version of gnucash (3.10) on Windows 10 and would like to use the online banking functionality that is supposedly part of gnucash. I clicked on Tools and then "Set up online ...
0
votes
0answers
17 views

Buying Vanguard Total World Stock ETF in Germany via Flatex

I would like to invest in ETFs via an online broker in Germany (I use Flatex). I would like to buy an ETF tracking the MSCI World Index. The two main options I am considering are Vanguard Total World ...
1
vote
1answer
6 views

Withdrawal from ELSS in India

If I invest in ELSS under section 80 C, I am given to understand that I can withdraw the money after 3 years. Do I need to get my employer involved while withdrawing the money? Is the money tax-free ...
0
votes
0answers
31 views

How are tax evaders in other jurisdictions caught?

What if some british does not pay american income tax or does not remit sales tax to american authorities for sales in america.How will the US government catch them in the UK (britain)?
-2
votes
0answers
35 views

How to automatically bill roomates for their share of utilities? [closed]

Soon I'll be renting a room to a friend. I'd like to automatically bill them for rent each month and track if they have paid. We are splitting utilities so I'd like to bill them their percent whenever ...
3
votes
2answers
248 views

Is it better to have a higher value house on lower value land or vice versa?

I, US citizen with a single family home in Philadelphia, was doing a bit of investigating regarding my property taxes. My home was purchased for $400k. At the Philadelphia property tax rate of 1.399%,...
0
votes
0answers
32 views

why is it always advisable to file taxes at the end of the fiscal year?

For a student living in Germany and having only income a tax-free scholarship, why is it always advisable to file taxes at the end of the fiscal year, as suggested by this answer
0
votes
0answers
37 views

Supposing the same amount, has a contractor the same cost (6K + VAT) of a employee (6K) for a company?

If you are a employee, supposing a gross salary of 6000 gbp for 12 months, excluding taxes and NI, you could earn monthly about 4200 gbp (according with a tax calculator https://www.moneysavingexpert....
4
votes
2answers
1k views

Inflation and the current value of my dollar

I am trying to figure out the value of my $100 with a hypothetical 2% constant inflation rate after 30 years. Here is the scenario: suppose I have $100 that laying under my bed and the hypothetical ...
1
vote
1answer
17 views

Taxation of EPF withdrawals

I have made contributions to EPF in India under section 80C for saving on taxes. But I read that the money is taxable on withdrawal unless one works for five continuous years. What if one ...
0
votes
0answers
11 views

What's a good ACH transfer app? [closed]

So I had recently opened a brokerage account that requires an ACH transfer inorder to deposit or withdraw assets. Only thing is that none of my checking account apps allow me to manually enter ACH ...
0
votes
1answer
31 views

Difference of value of an ETF and its underlying assets

An ETF price might be slightly different than its underlying assets' one because the latter trades in the primary market and the former in the secondary one (font: ETFs bubble see minute 5:30). ...
0
votes
0answers
31 views

Tools to automate bill payment? [closed]

I'm the kind of irresponsible person that will ignore bills in the mail, the only reason I'm not in debtors prison is automatic payment. Soon I'll be renting a room to a friend. I'd like to automate ...
2
votes
1answer
53 views

How to finance a car when I have credit history but no active credit cards or loans

I paid off 30k of student loans and a 26k car (which I no longer own) years ago, and I had two credit cards at one point, but I foolishly decided I didn't need them and closed both credit cards ...
3
votes
1answer
77 views

What's the point of the temporary statement credit “special” offers on existing credit cards?

Every once in a while, my credit card will have a "special limited-time offer" in the form of a additional statement credit on a specific purchase category. For instance, the most recent one was a 2% ...
1
vote
0answers
11 views

How to report a C corporation's post-dissolution expenses?

We're filing 2019 Form 1120 for a C corporation (XYZ Inc). In January 2017 my cofounder and I incorporated XYZ Inc in Delaware and registered it as a foreign corporation in Connecticut. We dissolved ...
0
votes
1answer
40 views

Home Lender Shopping: Should I use Savings Funds to Zero-out Credit Cards?

[USA] A seller just agreed to my offer on their house ($500k). This would be my first, and I am about to start reaching out to lenders for loan offers. I have $50k in savings ($15k in cash and $35k ...
0
votes
1answer
34 views

I am a NON US resident but I have a SSN and I formed an LLC in Wyoming. Do I need an EIN or I can use my SSN?

I'm a NON US resident but I have a SSN and I formed an LLC in Wyoming. Do I have to apply for EIN or I can use my SSN? I am the only member of an LLC.
0
votes
0answers
24 views

How a 3rd party can verify if a paypal payment went through?

I have two people disputing about a paypal payment, one says he sent the money and the other says he didn't receive. I have to judge which one is saying the truth without having access to their ...
0
votes
1answer
55 views

Gold and inflation

I am looking to use gold as an inflation hedge, however this article https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp suggest it is not as good as one might believe. One things ...
0
votes
0answers
30 views

What does it mean when a company offers more stock to holders?

Example: Diffusion Pharmaceuticals files to sell 5.82M shares of common stock for holders. Is this good?
0
votes
0answers
23 views

Difference Between Opting In and Out of Courtesy Overdrafts

Let's say you had $50 as a balance in your savings account. You go out and buy something that costs $250. So, your balance is now 50 - 250 = - 200 dollars. What is the difference between Opting In ...
1
vote
0answers
12 views

Current day (second half of 2020) personal finance resources for Russian citizens [closed]

I'm looking for reputable sources (news outlets, organizations, people, blogs) about how to best invest my savings and minimize loss. What are some of the informational resources I can use to read up ...
1
vote
0answers
20 views

How to move my Canadian stocks into RRSP

I have various stocks I hold for the dividends (and most are DRIPs). They are NOT in any tax-advantaged accounts. Is there an easy way to move them into, say, an RRSP? Or would I be required to sell ...
1
vote
4answers
122 views

Copying the S&P 400 by buying individual stocks

Now that we have commission free trading, I am thinking about trying to copy the S&P 400 index or maybe some other index. If an investor buys one share in 200 of the companies that make up the S&...
1
vote
1answer
29 views

Personal investment portfolio set up as business

I have an investment portfolio in the USA, but I am now in India. To save on taxes on capital gains in India on this portfolio, would it help to set up trading in this portfolio as a business? What ...
1
vote
1answer
136 views

Why is this obvious scam asking me for interest first instead of asking for money?

I got this email today: I hope you are doing great? This is X from Toronto-Canada. I have a lucrative business offer that will benefit us both immensely within a very short period of time. ...
3
votes
4answers
860 views

A friend wants to send me money and buy gift cards… should I accept this? [duplicate]

I've read a question around scams on one of these forums so I thought I'd give it a go to ask your advice. A friend who I generally trust, not a close friend, though, asked me per sms if he could ...
0
votes
0answers
30 views

how online transaction happens through debit card?

Why is it the case that bank first verifies the OTP sent and after that card details are verified? In my opinion, it should be the card details which should be verified first and if it correct, then ...
2
votes
2answers
165 views

Shifting stocks into retirement account to mitigate taxes

Say you had a non-retirement account with a few different stocks. Some did well, others lost money. If you sold $6k of your worst performing stocks, then funded an IRA account for the year with $6k ...
0
votes
0answers
30 views

When to recognize as an asset [closed]

We are buying 5 axles that we will then take back and build into steerable trailers which will transport the items that we build. Do I need to expense them now and put them on the books as an asset ...
0
votes
1answer
55 views

Why is this option strategy's lower bound $50?

Why is the payoff 0 when the price drops under 50? When we sell the short call, we get $60 and we need to cover our position so if the price drops to let's say $40. We don't need to execute the option ...
-1
votes
0answers
42 views

Can we sell shares during the event of upper circuit?

Many articles says that in the event of an upper circuit, there are no buyers available therefore you can't buy shares any more but you can sell if sellers are ready. But in real world, I have not ...
1
vote
1answer
96 views

Chargeback for hotel refund

On 19.01. 2020, I have made a reservation at UK (Scotland) hotel. Booking made at that hotel could be cancelled any time (at least 1 day prior to check-in) with full refund. On 25.03. 2020 I have ...
1
vote
0answers
17 views

What fees do CREST Depository Interest (CDI) shareholders have to pay on a regular basis?

In the US, depository banks for ADRs usually charge depository fees to the owners of ADR shares. To collect the fees, the depository bank could reduce the dividend paid to ADR owners. The fees are ...
0
votes
1answer
50 views

Basic Option Trading question

I have a question, let say if I buy put options from the brokerage and sell the put options when the stock price is below my strike price. Now in this scenario, do I straight away earn the profit or ...
0
votes
1answer
38 views

Canada: province of residence on December 31 for emigrants

Page 1 of the Canadian T1 asks, "Enter your province or territory of residence on December 31, 2019." If I emigrated from Canada during 2019, what do I enter, and why? Specifically, are there ...
1
vote
1answer
48 views

US companies' shares traded on London Stock Exchange

I noticed that there are a number of US companies whose shares are traded on London Stock Exchange. Let's take Netflix as an example. In the US, it is traded as NASDAQ:NFLX but in the UK it has ...
1
vote
1answer
39 views

Tax situation for telecommuting (remote work)

I am a non-resident alien. I am in a similar situation as described here - How to determine the tax withhold for remote work? To quickly summarize, my official address of residence is in state A, I am ...
0
votes
0answers
33 views

Is this definition of duration incorrect on Investopedia?

"Duration is the weighted average of the present value of coupon payments and principal repayment." (see 1st sentence of 4th paragraph of text) https://www.investopedia.com/terms/c/convexity-...
0
votes
0answers
20 views

International SEC Edgar full text search?

Is there an international equivalent of the full text search engine for financial reports of USA public traded companies of the American website https://searchwww.sec.gov/EDGARFSClient/jsp/...
0
votes
0answers
51 views

Should I sell investments to pay for grad school?

I'm planning to attend graduate school (USA), which will cost around 200k over 3 years. I have about 200k in highly appreciated stock (basis average of 100k, long-term gain) in a personal investment ...
0
votes
0answers
29 views

selling vs renting [duplicate]

This is a rather broad question, but I am torn. I inherited a townhouse from a relative. Does anyone have any insight into the long term value of selling vs renting? (I'm handy, computer competent, ...
0
votes
0answers
28 views

Question regarding the acceptance of wire instructions

If a bank receives a wire instruction with the correct routing number but an erroneous prior bank name (due to a merger) will the bank still send the wire transfer or reject it and ask for accurate ...

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