All Questions

1
vote
2answers
120 views

Share a post in hopes for money on social media

Since a couple of weeks a friend of mine is sharing stuff like: "when this gets shared X times the first/random X persons get 1000$"(or more), most likely in the hopes of easy money. I'm highly ...
3
votes
0answers
36 views

What defines a transportation-related medical expense to be “primarily for, and essential to, medical care”?

I'm trying to understand which transportation-related medical expenses are IRS-Qualified Medical Expenses for health savings accounts (HSA). I understand that Publication 969 defines what HSAs are, ...
0
votes
1answer
69 views

Why are options that cannot be traded in cents still show a last trade as non-five-cent increments?

I read Why do some options trade in 5 cent increments? but despite that I see some options I cannot trade in pennies ( not broker specific), but I routinely see same option being traded by others in ...
1
vote
0answers
26 views

Does SIPC protection applies in this case

If a brokerage ( not like Madoff case), where investors buys ordinary stocks/etf( qqq, brk-b orcl or any stock traded on NASDAQ/NYSE, not pink sheet or unlisted) at a time and after many years ...
15
votes
5answers
4k views

Is it possible to brute-force or accidentally use someone else's credit card?

Reviewing my bank statements, I noticed that I several months earlier had been charged about 13 GBP by Netflix on my credit card, but only for one single payment (not recurring). I knew that the ...
1
vote
0answers
15 views

Would that person be tax liable in Spain?

Assume a limited company registered in Hong Kong. The director of the company is an Spanish national who does not live in Hong Kong and does not have the status of resident in Hong Kong. Also, is ...
0
votes
1answer
79 views

Selling A Car Anonymously

Is it ever legal for me to sell a car to someone by just signing my name and dating the title, such that the buyer's information is completely blank? To be clear, the title itself is legal, clean, and ...
5
votes
1answer
201 views

With constant travel, is it possible to not have a tax residence?

We're in the EU (EU passports) and planning on spending the next couple years traveling. Income is coming through a company I have set in a country I was never a resident of. The only taxes I'm ...
3
votes
0answers
34 views

1099-Misc Box 3 Other Income

I am retired and receive a small amount from a family trust for which I am a trustee. When I was working I had more than enough earned income to make the maximun IRA and Spousal IRA contributions ...
0
votes
0answers
25 views

Medical insurance submission

Can my medical Dr. refuse to submit a prescription to my insurance for the reason that they aren't compensated enough, when they are contracted with my insurance?
0
votes
0answers
13 views

Non-resident getting paid to a US bank account for freelance work but living outside US. How do the taxes work?

If you lived in the US before and have an SSN, but aren’t living in the US anymore, but receive payments in a US Bank for freelance work done for a US company, do you pay taxes in the US or do you pay ...
2
votes
0answers
45 views

Are short sellers responsible for damages in a securities class action suit?

Imagine that XYZ company was found liable for its misdeeds and its shareholders are awarded a compensation. Are the short sellers on the hook as well? That is, do they need to pay the amount of the ...
0
votes
0answers
33 views

What SWIFT number do I use?

Hey everyone I’m trying to receive an international wire transfer for my business. The bank I’m using to receive this gave me two different SWIFT numbers but the sending party only lets me use one. ...
0
votes
0answers
26 views

Which is the best way to sell a house in Italy to a foreign investor?

I bought an apartment in Venice (Italy) in 2013 with my ex GF. The plan was to renovate it and move there. She broke up with me after some months so we have never had the chance to live there. The ...
0
votes
0answers
14 views

Effects of Backwardation and Contango on Supply

As an example, if on June 1st, we observe that the term structure of oil prices is in backwardation up to the end of that year. After the New Year, the term structure of oil prices is in contango. ...
0
votes
3answers
173 views

Shopping for a car resulted in many hard inquiries within a short time frame. How to fix?

I was shopping around for a car, and in the process I was shopping for car loans. I finally bought a car within a couple weeks, but it resulted in many hard inquiries on my credit report (at least for ...
0
votes
1answer
51 views

Money transfer to US - how to make it right?

I've inherited a real estate in another country and I'm going to sell it. All the money from the sale will go to their local bank, and my account at this bank won't be accessible from US. What should ...
1
vote
1answer
50 views

Do I need to live in Canada to have a bank account in Canada?

I live in the US. I am considering opening a bank account in Canada. Do I need to live in Canada to have a bank account in Canada? If so, am I required to file tax in Canada?
1
vote
4answers
133 views

Is it possible to start/buy a business without risk to personal finances?

Assuming business under $1 million and in the US Is it possible to start/buy a business without risk to personal finances or personal property? And What would one need to do to have a no risk ...
1
vote
0answers
154 views

What could be the consequences of accidentally receiving money for a check twice?

I went to a check cashing place and cashed a check after it failed to deposit into my bank account. 2 days later the money showed up into my bank. I thought it was okay after a while because I never ...
0
votes
0answers
29 views

Taxation after money received into UK bank account while not living/working there

I've lived and worked for a year in the UK, received salary and paid taxes there, but I returned to my home country. I'm about to receive money for a work I've conducted for a foreign entity who'll ...
0
votes
0answers
19 views

Effect of holding a publicly traded royalty trust in a traditional IRA?

Does anyone know what the effect of holding a publicly traded trust like Mesabi Trust (MSB) in a traditional IRA account? This is what I've found so far on the Mesabi website: For income tax ...
0
votes
0answers
51 views

Accuracy of salary calculator [on hold]

I was trying to compare my actual take-home salary to the one predicted by a salary calculator. The salary calculator overestimated the semi-monthly amount by approximately $100. Question. I was ...
47
votes
10answers
14k views

What prevents people from lying about where they live in order to reduce state income taxes?

Lets say you work in Chicago and live in Chicago but put your home address as somewhere in Indiana. Then every week you collect the mail that is being sent to you in Indiana. Wouldn't you save a lot ...
0
votes
1answer
64 views

When do you buy/sell leveraged ETFs?

There is a little bit of a gambler in me so since I started trading with Robinhood a year ago, I decided to play with my funds a little and try to swing trade inverse ETFs (mostly SQQQ and SDOW). ...
0
votes
0answers
48 views

Why is inflation preferable to tariffs? [on hold]

I have read that devaluing currency (increasing inflation) makes the industry more competitive and the reasoning is that it makes the country's exports less expensive abroad and thus more desirable. ...
2
votes
0answers
27 views

Forced buyout - practice and major + / - for minority shareholders in USA

I just read https://www.redhat.com/en/about/press-releases/ibm-acquire-red-hat-completely-changing-cloud-landscape-and-becoming-worlds-1-hybrid-cloud-provider IBM (NYSE:IBM) and Red Hat (NYSE:RHT), ...
0
votes
1answer
34 views

How do you track the partial sale of a stock lot?

I use an online tool that lets me enter stocks in lots, but it's not clear how to track when some of lot is sold? Does one just subtract shares out of the lots until they reach 0? Pros: Easier to ...
1
vote
0answers
21 views

Does the SEC (or any governing body) limit Rights Offerings?

Could AAPL offer all shareholders a non-transferable right to purchase two shares at a 20% discount (from today's price, exercisable for one month) for each share they own? This announcement will (...
1
vote
2answers
67 views

Does paying a medical provider in cash count toward one's insurance deductible?

When paying a medical provider in the United States, the patient can either pay them cash or have them bill the insurance (which in turns may send some of the bill to the patient). Paying cash is ...
1
vote
2answers
78 views

Is it possible to have a self pension investment account?

Is it possible to have a self pension investment account? I work as a private contractor. I do have 401K. I wonder whether it is possible for me to have a Pension Account which helps to get a monthly ...
0
votes
0answers
22 views

Excess Roth IRA Contribution - How to Capture Earned Interest No 1099 r?

I contributed over the limit to my Roth IRA in 2018. I realized this and have withdrawn the excess contribution plus earnings in 2019, and have not yet filed my 2018 tax return. My Financial advisor ...
3
votes
1answer
102 views

Canada - how to proceed with deceased parent's mortgage

My father died without a will and so there's a lengthy legal process for obtaining ownership/title of the house. In the meantime we have the property rented out and I've been making mortgage payments ...
1
vote
2answers
138 views

High credit card debt strategies - while doing R&D and trying to launch your own tech startup

In 2016, I made a series of hasty startup decisions to put large business purchases on my personal credit cards - that's around 80% of my current $150k in open credit card debt. For the most part, ...
1
vote
1answer
75 views

How important is the bank address in a wire transfer?

I'm trying to wire transfer to someone at Bank of America, N.A. However, the ABA code I was given matches (with my bank's wire transfer system) to two different Bank of America addresses (in New York, ...
0
votes
2answers
44 views

can't find suitable prices for zero cost collar

I was reading about the zero cost option collar strategy and was puzzled by the idea that one can find an at-the-money put option for the same price as an out-of-the-money call. I've looked at the ...
24
votes
3answers
9k views

Ask mother to pay off entire student loan, then pay her?

To avoid paying additional interest on my student loans, I want to ask my mother to pay off the entire loans with by lump sum, and then I would pay her back with interest. Are there any issues ...
0
votes
0answers
19 views

What is an Average Net Asset Value(NAV) for a Hedge Fund, and how do we calculate said Average NAV?

For Hedge Funds, I understand that Net Asset Value(NAV) is calculated as follows: NAV = (Assets - Liability)/(Total number of outstanding shares) However, I've heard the term Average Net Asset Value(...
0
votes
2answers
38 views

Time taken to cash out Stock Investments inside Chase internet banking

I invested some money (10k) in the stock market. Chase had introduced a new free feature called INVESTMENTS by JP Morgan . I like the fact that internet banking was showing my stock value right next ...
3
votes
1answer
210 views

Not entering info on tax return

My wife and I make too much to get any deduction for our student loan interest. Our situation also puts us in the Standard Deduction, and we arent itemizing. Question is, do I need to enter all our ...
0
votes
1answer
50 views

Does Chinese Contractor Need to File US Return?

My US based LLC hired an independent contractor from China for some film work. Taxes were not withheld from the contractor’s payment. They will get a 1042-S to indicate this. As a nonresident alien ...
0
votes
0answers
47 views

Merging company hidden debt [closed]

One business partner does not disclose bad debt in a corporation before merging with another. Once it was noticed in the pre-existing books six months later, the merging company wrote it off as bad ...
1
vote
1answer
47 views

Is there a way to track earnings from US stock markets and UK stock markets on a single spreadsheet?

If you trade in stock markets from different countries, how do you usually keep a journal? Do you track everything in one document, or do you use separate documents? I'm not sure how to go about ...
0
votes
1answer
131 views

What does “accredited to you” mean in the email I received?

What does "accredited to you" mean in the following sentence: Our first 15 minutes of consultation is at no charge, and beyond that time there will be a charge of $210 that could be accredited to you ...
1
vote
1answer
52 views

Federal and State Taxes on International Property as a Prize

https://www.writealetterwinahome.ca/ Recently, there has been a contest issued by Alla Wagner of Millarville, Alberta, Canada, where in lieu of selling her home (a difficult prospect at the present ...
0
votes
0answers
20 views

Is there any bank outside Hong Kong offering corporate accounts for a corporation based in Hong Kong online? [closed]

I would like to know if there is any bank that offers the possibility to open a corporate account, i.e. business account in name of the company, for a company which is resisted and based in Hong Kong, ...
1
vote
1answer
67 views

Paying for Spouse's Education with Savings vs Line of Credit vs RRSP (LLP)

My partner is currently going to school with no income, and I have been working for a number of years with a reasonable income (enough for savings, RRSP (Registered Retirement Savings Plan) , trips ...
-3
votes
1answer
101 views

Supplementary data for thin credit history [on hold]

I am part of a team at a startup trying to improve the way credit history is scored and calculated. We hope to improve the existing system by allowing for unconventional information that may be ...
1
vote
2answers
83 views

Questions about my credit score and how my debt/payments affect it

I've been out of college for a couple years and i'm quickly paying off my student loans. I have some loans and other bills I pay every month. I'll provide as many details as I can in order to get as ...
3
votes
2answers
53 views

UK CGT on selling rental property

I bought a property for £235,000 in 2013. I'm hopefully selling the property soon for about £325,000. I lived in the property between 2013-2015. During this period the property grew in value to £300,...

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