All Questions

1
vote
1answer
77 views

What do I need to do if I have received a tax refund before I have submitted an amended return?

I am preparing to send in an amended return today to both state and federal entities. Nothing big just forgot to add a 1099 which barely crosses the threshold for reporting. I had already submitted ...
32
votes
8answers
7k views

Mortgage adviser recommends a longer term than necessary combined with overpayments

My wife and I are currently househunting and have, as part of this process, had a preliminary meeting with a mortgage adviser. They asked all the expected questions about finances to see what our ...
-2
votes
1answer
86 views

Is it worth to advertise a fundraiser? [on hold]

I have several crowdfunding fundraisers, mainly nonprofit projects (however personal, without official NGO registration). Is it expected to be worth to buy PPC Internet ads to advertise one of my ...
-2
votes
0answers
96 views

Opening a new bank account [closed]

Ok so I met this guy online he tells me he loves me and wants to marry me he wants to send me money to buy the things I need I don't own a bank account or credit cards everything I buy online are all ...
0
votes
1answer
55 views

Find number by reference number [on hold]

Someone used my bank card to make their T-Mobile phone payment. How can I find out what number that the payment was payed for?
0
votes
1answer
53 views

At what price is a forex order executed?

So I'm new to the fx market and am a little bit confused. Say I place a buy stop order for EUR/NZD at 1.67451. This price (1.67451) is the ask price or the bid price? That is will the order get ...
0
votes
1answer
35 views

Individual Mandate Penalty for a Resident Alien who left the country in August

I am an F1 student who was in the United States from September 2011 till August 2018. I completed my coursework in May 2015, and stayed in the US for another three years under the OPT provision. I ...
1
vote
3answers
151 views

Accountant won't send an invoice without a PO

I've outsourced accounting including AP, AR, Rev Rec, etc. I have an unbilled revenue problem, where my accountant won't send invoices unless we have a PO! This is a problem because even though I ...
-1
votes
0answers
26 views

Does anyone have issues with Wells Fargo not capturing check #s via ATM or Counter Deposits? [closed]

We have ongoing issues with employees depositing checks with Wells Fargo. Either their ATMs or at counter deposit scanners do not capture the check numbers and as a result we have to look up each ...
0
votes
0answers
33 views

Traditional vs Roth 401K [duplicate]

I just found out that the company I work for offers 401K Roth. I am thinking of switching to 401K Roth soon. Right now I only have traditional retirement fund and no Roth. I think I have been ...
6
votes
2answers
480 views

In the U.S., can I deduct coffee as an expense if I am a self-employed software developer?

I work in coffee shops every day as I develop. Coffee shops have an unwritten (sometimes written) rule that you cannot use their wifi, power, and bathrooms without buying something. Because of that I ...
3
votes
1answer
125 views

Capital gains are not taxed if total income is below $77,200. Does “total income” include capital gains, or not?

The tax rate for capital gains is 0% if your total taxable income is below $77,200 (if married filing jointly). But does "total taxable income" include capital gains, or not? For example, suppose my ...
1
vote
2answers
129 views

Mistakenly wrote “dollars” in dollars section of check

When filling a check, I wrote the alphabetic value correctly. However, I wrote "dollars" at its end (while it itself has this word). Should I cross it out? Ignore it? Or rewrite the check?
1
vote
0answers
30 views

US tax return - how to report a private stock that paid out dividends and liquidated at $0 value

I work in the United States. My Netherlands based employer offered me to buy into an employee equity program organized as a Dutch BV. My basis is approximately $4000 from two purchases in 2011 and ...
7
votes
2answers
254 views

Is the seller of a property in the UK in a position to dictate what the buyer does with it?

I know very little about the housing market or mortgages (it's just not taught in school in the UK, whereas oxbow lakes and pathetic fallacy are), but within a year I should be able to get my foot on ...
0
votes
0answers
21 views

Transfer from NRE account to salary account

I am working in Kenya with an Indian company duly registered in Kenya as branch.I am getting my salary from India in my salary account and i am also getting overseas allowance from Kenya in which ...
1
vote
0answers
28 views

Question regarding reporting medical insurance, interest income and my address because of part-year stay in the US

I am seeking urgent assistance with my US tax filing (with TurboTax) for 2018 concerning part-year residency. I lived in the US between Jan-August and left the country for good thereafter. Keeping ...
1
vote
1answer
27 views

Question on part lll of form 8889

I have HDHP for the whole year 2018 and only has non-taxable contribution (code DD on W2). I also have a small qualified distribution on 2018. Do I leave the part lll blank on form 8889.
1
vote
1answer
92 views

Traditional IRA how much tax on withdraw

I understand that traditional IRA gives you a deduction now and tax you later when you withdraw. I need a clue on how much tax is charged on withdraw. Say I deposit $4,000 into traditional IRA and ...
2
votes
1answer
49 views

Do I need to file a tax return if my tax code is NT (UK)?

I have been living in Germany for three years and working for a London-based company (as an employee) remotely from home. (I lived in the UK between 2012 and 2015.) I sent P85 to HMRC back in ...
-3
votes
2answers
174 views

How does income tax work (USA)?

let’s say I make over $500k, the income tax in US is 37% I was just wondering, does that mean the 37% (which is $185k) is just lost? So a person would give almost half their income to the government ...
0
votes
1answer
67 views

Paying off credit card from savings or keep and contine with current credit balance [duplicate]

I'm having two credit cards with only 10% of worth credit limit available (Nearly full). I can pay off both cards with my savings and my savings would be zero or nearly zero. I'm wondering whats the ...
2
votes
3answers
177 views

Post judgement loan

My grandfather has been providing post judgement loans to people for 9 months through his friend who has connections to a lay firm. So once someone received a judgment saying that “x” company owes ...
2
votes
1answer
18 views

Tax implications of freelance income in NRO account for a U.S. H4 EAD holder

It might be a simple question, but I am not able to get a definitive answer to this anywhere. I live in USA, have an H4 EAD and I do some freelance work while living physically in USA with clients ...
2
votes
1answer
111 views

Can a full time employee who also owns a side LLC claim “self-employed” deductions?

I am working full time for a corporation in NYC (I have w2). I also own my own side Educational LLC (EdTech) which has claimed $0.00 in income for 2018, but has accrued several thousand in startup ...
0
votes
0answers
21 views

Can a nonresident alien claim the NY State Standard Deduction (2018)?

Can a nonresident alien (Form 1040-NR-EZ) claim the NY State standard deduction or does he/she need to claim itemized deduction (like on the federal return)?
0
votes
1answer
77 views

Why would a bank refuse TARP bailout money during the financial crisis?

I will delete this question if it's not relevant. I came across this link on banks that refused bailout money from TARP during the financial crisis in 2009. I'm wondering why would a financial ...
-4
votes
0answers
140 views

Sending me $53,000,000 to buy bitcoin [duplicate]

A European associate would like to buy 10,000 Bitcoin. Only U.S. citizens with a Crypto-currency account may currently purchase Bitcoin. He wants to wire transfer the funds to my bank account so that ...
0
votes
0answers
32 views

Can I deduct partnership loss from my income?

I lost tens of thousands as passive loss when I withdrew from a partnership. However I'm not sure whether the capital loss is deductible. Since I have no passive income I think I could deduct $3,000 ...
1
vote
2answers
93 views

Dollar Cost Averaging with At the Money Straddle

I was reading Dollar-cost averaging using an option strategy. Consider one month's investment of $30k. Looking at the VTI options, selling at ATM straddle expiring on June 21 worth $3.04 + $6.91 = $9....
0
votes
2answers
75 views

UK mortgage, owned house abroad as a 'deposit'

does anyone know if there is a possibility to get a house mortgage in UK, but as a 'deposit' use a property located in other European country with value much higher than what would be required for ...
2
votes
2answers
58 views

Incorrect name on W-2

In one of my W-2 forms my first name has been mispelled by a character. However, all other information is correct including my SSN. Do I still request a W-2c from my employer or can I go ahead and ...
2
votes
1answer
92 views

Salary Conversion from Bi-weekly to Semi-monthly Mid-year

My company changed payroll from bi-weekly to semi-monthly this March. The last bi-weekly pay period before conversion ended on 2/28/2019. The first semi-monthly pay period started on 3/1. I am a ...
1
vote
2answers
68 views

Am I a part-year resident or non-resident of the state of Illinois for tax purposes?

I am having some trouble determining my tax status for the state of Illinois. I was a J1 (short term scholar) in the state of Illinois for 3 months. From reading this piece of information for first ...
3
votes
2answers
89 views

US Estimated Taxes— what can I do if I had a very weak Q1, but expect a strong Q2-Q4?

I'm self employed and when I have the contractor hours, I make good money, I'm faithful to set more money aside than I need for my taxes and I even set additional money in case I hit a "dry spell". ...
4
votes
0answers
110 views

Paying for nursing home care: What is the relationship between Medicare and owned property?

This question is prompted by a comment in a question I asked previously regarding the finances of aging parents (assets include a small savings and some property). I will summarize the comment as ...
1
vote
3answers
198 views

Should I avoid reporting expenses on my tax return in order to have a higher income for getting a mortgage?

I'm new to this sort of thing. I want to buy my first house soon (within a year?). As I am filing my taxes right now, should I file with my income but not report expenses, so that my taxable income ...
2
votes
1answer
74 views

Can the CRA peek into the amount of a Canadian bank account forthwith?

I mean without any search warrants or court orders. I ask because for the 2018 tax year, my brother in Grade 12 earned a total income of $500 CAD from only interest. The bank issued a T5 statement ...
2
votes
2answers
43 views

Can I claim American Opportunity Credit if I have a pause in my education?

I claimed the "American Opportunity Credit" for 2012 and 2013, I then quit school and now I have a few courses to do to get my degree. Can I still use American Opportunity Credit two more times? Do I ...
4
votes
2answers
227 views

Securing a loan with a loan, does this even make sense?

My friend wants to buy a house; however he does not have the capital to put twenty percent down because he loaned out his capital as a secured business loan last? year. He thinks all other business ...
4
votes
1answer
128 views

Tax preparer for my parents claiming me as a dependent

My parents run a family farm, and use a professional accountant to keep track of the business, and also prepare their taxes. However, he (the accountant) wants me to amend my tax return so my parents ...
0
votes
0answers
24 views

Buying house through assignment of contract

I'm thinking of buying an investment property through an assignment of contract. I plan to do normal inspections and title search, just as I would with a conventional sale. Assuming title is clean, ...
2
votes
0answers
39 views

If I file an amendment to my taxes, do I pay the difference or just the base amount?

I filed a 1040 a few weeks ago and, per that form, was due a refund. I put in the routing information for my bank information to receive the refund deposit, but I haven't received it yet. I just ...
3
votes
1answer
114 views

How to select ETFs on to invest on?

In the last couple of years I have been trying to educate myself in what concerns finance. I have put some money on some financial products (shares and ETFs) but I feel like I am playing the roulette ...
0
votes
0answers
45 views

Who is authorized to audit a P&L? [closed]

In the mortgage business, the loan approval required an audited P&L for the borrrower's business. An Authorized agent performed the audit but I am being told only a CPA can audit the P&L. Is ...
0
votes
0answers
59 views

How do I solve this in excel? I think it's a cumulative rolling percentage problem

I have a spreadsheet that shows the following columns. Date, Loan Applications Received, Interest Rate Offered, Cumulative Applications Received, Loans Originated, Average Interest Rate on ...
14
votes
2answers
3k views

How long do I have to send my income tax payment to the IRS?

If I file my income tax on April 15th and plan to pay with a check, it will take a few days for the check to be delivered. Will I face interest and penalties for those few days for the check in the ...
0
votes
0answers
12 views

Tax on vested shared Germany (analogue of 83b election)

In the U.S. they have something called 83b election, relevant when a founder have shares that are vested. To my understanding, one must file this election shortly after the company is founded, ...
0
votes
1answer
28 views

How to count average EPS for interval of years if in this inverval was a split?

For example, I want count average EPS for 10 year for company and this company has stock split (2 to 1) in this 10 years. Do I need to take this into account calculating average EPS for this 10 ...
2
votes
1answer
87 views

Ishares Portfolios for EU investor

I am 29 at the moment at looking to start investing as much as I can and build a long term portfolio (aiming at around 2000 USD/month). Since I am based in the EU, I have no access to US based ETF ...

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