All Questions

-3
votes
1answer
105 views

Supplementary data for thin credit history [closed]

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
85 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
57 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,...
4
votes
3answers
123 views

Are buying puts valid portfolio protection?

Any article you read on buying puts for downside protection always walks through the optimal outcome. It goes like this: You buy cheap puts, the market declines before your puts expire and you have a ...
2
votes
1answer
82 views

How does the 401k work if i move from US to canada working for same company?

I have been working in USA from past 15 years and now planning to move to Canada for the same company. So is there a 401k equivalent in Canada where i can continue contributing ? Or i can still ...
0
votes
0answers
98 views

1099-DIV line 8 says “various”

I'm using Credit Karma to file my taxes. For 1099-DIV line 8, the document says "various", but the drop down in credit karma only allow for choices of countries, not for more than one, or various ...
1
vote
1answer
39 views

Standard deductions for resident alien J1 w/ tax treaty

Someone with a J1 Scholar visa becomes a resident alien for tax purposes in the US on Jan 1, 2018 (following the two calendar years' rule). Still, under the saving clause, it may be possible to claim ...
44
votes
1answer
5k views

Numbers in parentheses in financial statements?

In financial statements numbers are sometimes given with parentheses around them, while other numbers appear without parentheses. What does it mean if a number is enclosed by parentheses?
4
votes
1answer
240 views

Why are the limits on 401k much higher than IRA?

I'm currently working in a contract position with no option to contribute to a 401k. For 2019, the contribution limit on a 401k is 19,000 vs 6000 on an IRA. Why is there such a big difference? I could ...
1
vote
2answers
107 views

How to avoid paying estimated taxes due to unpredictable investment income?

I've read that you'll owe a penalty if you don't pay enough in taxes during the year, and I'd like to avoid paying estimated taxes if possible since I have significant and hard-to-predict investment ...
3
votes
2answers
159 views

Will I benefit from remortgaging at the end of a fixed term?

I've been offered a mortgage for 75,000 for a term of 12 yrs. The interest rate is fixed for 2 yrs at 1.89% and after the 2 yrs, the interest goes up to 3.6% for 10 yrs. But when I remortgage at the ...
1
vote
3answers
256 views
+50

Opening account for family in my name

Sibling of mine asked me to open an bank account for her in my name. She wants to fill it with her savings and use it on day-to-day basis with a debit card. I have a strong feeling this could ...
0
votes
0answers
59 views

What are some disadvantages of Nostro/Vostro accounts?

On internet I found a lot of articles talking about Pros and Cons of Nostro/Vostro accounts, ( eg https://m.wisegeek.com/what-are-the-pros-and-cons-of-a-vostro-account.htm) but those websites mostly ...
0
votes
1answer
29 views

Transfer Money to NRO account via third party

I moved to Singapore recently. Can I transfer fund to NRO account via third party remittance service like Instarem ?
0
votes
3answers
262 views

Is it a good time to buy a house now? [closed]

I saw a few houses, and decided to buy one of them. A condo originally priced 210,000, and they accepted my 193,000 offer. I'm a first time buyer, with zero experience and my agent helps me with ...
0
votes
2answers
336 views

Is it unusual to pay $90,000 or more in income tax for a single person? How could this amount be minimized? [closed]

I feel that $90k in taxes is a lot! I'm curious if in the ideal situation, what would be the best possible way to reduce taxes, properly donating it to charities you actually care about etc? Some ...
1
vote
1answer
126 views

Switching Bank Accounts Gain The Most Interest

I intend switching banks. Santander offers 1.5% interest on balances up to £20,000 but charges a £5 monthly fee. HSBC pays £150 for switching and also has a 1 year Regular Saver account paying 5% ...
2
votes
1answer
267 views

Is SIPC a scam or does it protect investors from fraud?

I was trying to understand if SIPC is going to protect me. Despite the higher limit, even for small investors, it can be a problem if I consider https://www.pbs.org/newshour/nation/why-brokerage-...
0
votes
1answer
69 views

Gnucash - Report cash flow on a per-asset basis

I'm not sure I'm using the correct terminology but I have a number of "assets" which are sub-accounts of a checking account: Checking account - Designated funds 1 - Designated funds 2 ... What I ...
0
votes
0answers
85 views

What if my employer deposited my HSA into the wrong account for two years? How do I rectify the situation?

What if my employer deposited my HSA into the wrong account for two years? How do I rectify the situation? 2017 and 2018 my HSA deposits were made to my checking account. How do we correct this error ...
2
votes
0answers
73 views

Do I pay sales tax exporting the bike

We live in The Netherlands (Europe), we are Dutch. We are now buying a motorcycle in Florida, but are going to pick it up in July and then leave the state, since we're making a roadtrip. After 2 ...
0
votes
0answers
39 views

Would I need to pay VAT on this income?

Suppose I am self-employed i.e. autnomo in Spain. I work for an Estonian company and I send them bills. They will pay me the bills back. From the amount the pay me, do I need to declare and pay VAT in ...
0
votes
1answer
235 views

Open Credit Card Debt and Salary needed to not go bankrupt

I'm in a strange situation with close to $150,000 in open credit card debt and currently can't make the next payment. (While they were initially low-ish APR's. They are all at 16-27% APR or higher.) ...
1
vote
1answer
242 views

Do I need to pay income tax to use the money of my own company?

Suppose I own a company. I am the only member of the company. I pay corporate taxes on the bills that my company emits to the customers. That's done. If I want to use the money of the company for ...
3
votes
1answer
313 views

My 401k failed the nondiscrimination test — how to avoid taxable distribution?

As in this question, and this question, my ex-company's 401(k) failed the nondiscrimination test. I've recently received a letter from the company's HR to the effect that I will receive a corrective ...
2
votes
3answers
233 views

Please help me calculate interest on a loan

My Ex owes me $66000 and I need to give him a payment plan with 8% interest over 5 years. The monthly repayments need to tier roughly as follows (he's going to earn more in the 2nd and 3rd years and ...
0
votes
2answers
71 views

Roth 403b vs Roth IRA

Currently my employer offers a Roth 403b plan that I have been contributing to. I wanted to know if it makes more sense for me to contribute to the Roth IRA first rather then the Roth 403b? I ...
1
vote
0answers
46 views

Calculating Gross from a desired Net

I have a sole proprietorship and I'm helping out a friend. We have an agreement where I told him what I needed to net each month and I can invoice for that. If I need to net $6000 each month, how do ...
1
vote
1answer
49 views

Different brokerage accounts for HSA, IRA, 401(k), misc.?

I truly cannot find this information on my brokerage website. I have a brokerage account for my HSA, and if I wanted to use this same brokerage to invest cash I have sitting in my bank acct. would I: ...
2
votes
1answer
123 views

Bank Accounts that use a common number

Why do some sorts of accounts not have their own account numbers? Instead they appear to pay into some sort of general account, relying on a roll number or reference to distinguish them. My Mortgage ...
0
votes
0answers
30 views

How to value AMT Credit

I'm modelling some scenarios exercising and selling ISO stock options including "same day sell" and "hold for a year and a day", the latter one trying to take advantage of the long term capital gains ...
2
votes
3answers
208 views

Working remotely and live in 6 countries annually - where will I pay my tax

Working as a software engineer for a French company and working fully remote. The contract is freelance so I am paid the full amount and required to file & pay taxes myself. I will be living in ...
108
votes
10answers
38k views

Someone wants me to use my credit card at a card-only gas/petrol pump in return for cash

I was at a petrol station in rural New Zealand at the weekend which only accepted payment via the automated card reader on the forecourt. After I had filled up, a young woman approached me and asked ...
0
votes
1answer
55 views

USA: How to recoup Tax Loss due to Wash Sale from 2018

I had a $2600 of Wash Sale Tax loss that occurred in April 2018(purchased two lots of same stock within 30 days but sold them both in April at a loss at once). I did not buy that security after that ...
2
votes
2answers
75 views

What is the most accurate way to calculate the difference in value of one dollar between two target years?

This question concerns only USD, and doesn't need to be more granular than a year-level. I am trying to create a model that takes various features into account in explaining why a particular service ...
1
vote
0answers
69 views

Received a settlement check for lost wages, what kind of taxes apply?

I received a settlement check from a company for lost wages, and was given a 1099 for 2019. The check itself was for about $2.3k USD, and included a breakdown that didn't make sense to me and showed ...
2
votes
0answers
100 views

Why does total interest paid per year increase as I pay down my loan (fixed rate loan)

I have a house loan at a 4.25% fixed APR rate with CitiMortgage. Comparing the total amount of interest I've paid recently, per Citibank's statement I paid $6684 in interest during year one of the ...
2
votes
1answer
41 views

What's the difference between a variance swap and a long straddle option trade?

A long straddle is when one is anticipating a swing in stock price, but you’re not sure which direction it will go. And a variance swap is a financial derivative used to hedge or speculate on the ...
0
votes
1answer
113 views

Can I take loan in my name for property in my son's name

Can I purchase land and building taking loan from bank in my name and got the registration of the properties in my son's name and mortgage the same in the bank.
0
votes
0answers
33 views

How do I file an inheritance on my New Jersey tax return?

I inherited a bit of money from a grandparent that passed away last year. New Jersey has an inheritance tax but from what I looked up close family inheritance is not taxable. I want to make sure ...
2
votes
0answers
22 views

Can't issue SEPA transaktions because account doesn't have SEPA information stored

I have Gnucash 3.4-3 and Aqbanking 5.7.8-1 installed on Arch Linux. When I try to issue a SEPA transaktion i get the error message: Your local bank account does not yet have the SEPA account ...
2
votes
1answer
121 views

ADP didn't withhold any county tax and I had to pay at the end of the year

Our state tax is 3.23% and our county tax is 2.9% Employees at hubby's company who were already working there when they signed up with ADP had county tax taken out. Anyone added later did not and now ...
1
vote
1answer
121 views

Why should I pay tax throughout the year?

I do not have much of regular employment, I work shifts for various employers, so it is up to me how much I earn. However, typically the amount of work I do results in me earning about 550k NOK per ...
9
votes
3answers
7k views

Can an American birth certificate be redeemed for money? [closed]

Can an American birth certificate be redeemed for money? Why is it printed on bond paper?
2
votes
3answers
254 views

What happens to interest already paid if I re-finance a 30-year mortgage to 25 years? 15?

I assume the interest amount I'm currently paying for my 30-year mortgage is based on a 30-year amortization trajectory. If I refinance to 25 years, or even 15, what happens to the interest I've ...
0
votes
1answer
79 views

Can I put money in a Roth 403b from my bank account instead of doing a monthly paycheck deduction?

I have a Roth IRA and a Roth 403b through Fidelity. For the IRA, I know I can put money at any time from my bank account into it. However, I don't know how to actually do it for a Roth 403b. Is the ...
0
votes
0answers
86 views

Does health insurance pay for traffic accident related claims

Is it true that in the US, health insurance does not pay for treatments needed as a result of car accidents? Specifically, what insurance covers the following scenarios: Someone has an accident ...
0
votes
0answers
31 views

Calculations for stock market target price?

I'm looking at various stocks on finance websites and noticed that some of them don't have a 1-year Target price. How can I calculate estimated target price of a stock myself based on the company's ...
0
votes
1answer
39 views

Are there tax rates for couples in Australia?

I'm a New Zealander who has moved to Australia to work. I'm getting married this year - we will both be living in Australia. She is a student on a scholarship, and I work fulltime. I'm wondering ...
0
votes
2answers
93 views

What is the Standard Variable Rate (SVR) exactly in the UK

Here is my understanding of rates in general: Bank Rate: The interest rate at which banks borrow from the central bank. This rate can be changed any time by the central bank. Variable Mortgage Rate: ...

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