All Questions

Filter by
Sorted by
Tagged with
0
votes
0answers
24 views

W-9 requirements for product vs service provided

As a company, would we need to obtain a W-9 (& file a 1099) from an individual that we purchased a horse or a horse trailer from?
0
votes
2answers
150 views

Privacy related to bank account

If a person wins a massive lottery prize, in the order of 200 million € or £ or $, and this prize is versed to the person's bank account, how can they avoid that their bank balance is gossipped upon ...
3
votes
2answers
459 views

If a bond index fund's income is re-invested, how can it be a fixed income asset?

Looking at a bond index fund Key Investor Information, I have found this: Income from the Fund will be reinvested and reflected in the price of shares in the Fund I don't fully understand it. As ...
9
votes
1answer
1k views

What risks are there to co-signing an apartment if I get the money upfront?

My girlfriend is getting an apartment since she'll be away at school for 6 months. She's an international student so can't legally work off campus, but she has more than enough money to cover the ...
2
votes
1answer
74 views

Why are some money market mutual funds not margin-able for 30 days?

My broker has a money market mutual fund where I can park the money when not invested, but that position does not give margin buying power for next 30 days. Per article part shown below. Example ...
2
votes
0answers
67 views

Is claiming $0 in withholding deductions on 2020 W-4 the same as claiming 0 allowances in the past?

The IRS form W-4 for 2020 has you compute any amount that should be deducted from your federal income tax withholdings and then report the amount in dollars. In the past I merely reported the number ...
2
votes
0answers
24 views

Stock Reclassification to ESOP in 401k

In my current 401k, there are periodic conversions (looks like the beginning of each year) of the classification of company stock to ESOP shares. There is no change in quantity of traded shares and ...
1
vote
3answers
179 views

Why is S&P average PE ratio increasing since 1990?

PE ratio is one of the best tools to evaluate equities. A company that has positive earnings will have a positive PE ratio. But what is considered a reasonable PE ratio appears to be changing over ...
3
votes
1answer
95 views

Index fund's assets actual owner

Let's suppose you buy a index fund issued by some financial firm. In that case, who is the actual owner of the fund's underlying shares, you or the financial firm? In case of the answer to the above ...
1
vote
0answers
40 views

Is Trading 212 fair and legitimate broker for buying ETFs?

I am looking for a way to make an investment into an ETF. Many of the low cost international brokers are unavailable in my country while the local banks have fairly high commissions. I got a ...
1
vote
1answer
25 views

price time priority market and limit orders

In a price time priority matching algorithm, if we have a market buy order first in the queue, would it first try to match other market sell orders or match other limit sell orders in the orderbook?
1
vote
3answers
211 views

Is putting most of one's one money in dividend ETFs a reasonable long-term strategy?

I'm considering putting most of my savings (about 55,000 €) in an ETF with focus on dividend payments as I want some of the returns accessible to me without having to sell. I'm planning to go with ...
0
votes
2answers
268 views

Why do payday loan ask for social security number?

Is there any specific reasons why payday loan companies ask for social security number.
19
votes
9answers
6k views

Best ways to invest for a planned house purchase in 1 year?

I've just sold my house after relocating and got £45,000. I am now looking for a house to buy. In the area where I live now houses are around £500,000, so I will need at least £50,000 for the deposit, ...
1
vote
1answer
16 views

What is the difference between claims repudiated and claims rejected in IRDAI Annual Report?

Insurance Regulatory and Development Authority is a autonomous body regulating insurance industry in india. It releases an Annual Report every year for providing some statistics and data from industry....
1
vote
1answer
112 views

How does the US FDIC apportion its premiums?

I'm not from the US, and the banking system there is vastly different to how most other countries operate. So, I'm a little confused about how the FDIC apportions its premiums (the deposit insurance ...
6
votes
2answers
2k views

Do I have to wait for my W-2s to fill my tax return for the previous year?

First year out of college (and my first paid jobs ever). I worked at 3 different companies last year (2 as a full-time employee and 1 as an independent contractor (1099-MISC)). Do I need to wait for ...
3
votes
0answers
64 views

Can term life insurance have a surrender value?

Five years ago, I opened a 20-year term life insurance policy with Protective Insurance. In my recent annual statement for the policy, I was surprised to see a non-zero value listed next to "...
2
votes
2answers
118 views

Dilution of investment; how does it happen?

I sometimes hear my investing friends talking about their investments being diluted down, but I've never had the courage to have one of them explain it to me. From my perspective, if you buy 20% of ...
1
vote
1answer
59 views

FX options for retail trader

I would like to trade options on the FX market, say EURUSD and GBPUSD. I have seen that there are options on the CME that have FX futures as underlying and also some options on spot on the ...
1
vote
3answers
222 views

Where or how to invest short term money

For a short time (about a year or so) I will be able to put away about $2000 a month. I have looked into stocks, played to stock market a while ago and lost a lot of money, yes i was playing in the ...
5
votes
2answers
300 views

Should I be Wary of First-Time Home Ownership Programs?

Today I met with a realtor (A buyers rep, apparently). I was expecting to talk about saving up a proper down payment, and beginning the search for a home sometime next year. Instead, she was very ...
3
votes
2answers
144 views

Investment Clubs Net Worth

If a company is asking for investors with a net worth of $1M, can that net worth be collectively, i.e., investment club members?
3
votes
1answer
20 views

Foreign Earned Income Exclusion for new Green Card holder

This is something I am a little surprised doesn't come up more, but here goes: I am a current resident alien (living in NY). Previously I lived and worked in Dubai for 5 years. My Green Card (by ...
2
votes
1answer
324 views

If health insurance 'doesn't cover' a procedure, does the cost of the procedure get applied to my deductible?

If I haven't yet met my deductible?
5
votes
8answers
777 views

Why is it ever a good idea to found a company?

I have a side project with a few friends that's gradually getting more serious. We're nearly at the stage where we'll be taking some early clients, which is really exciting after about a year of ...
1
vote
1answer
82 views

How to properly account for a leased property where the tenant has the option to buy

I'm the personal representative of an estate with a situation like the following: Property with tax assessment of $100,000 Tenant with a multi-year lease for the property with a total "lease fee" of $...
-1
votes
0answers
35 views

How big exposure to the investments in startups is possible to achieve by having shares of listed venture capital companies?

There is really vague notion of "listed venture captial companies" that are something like listed private equity companies only having some starups in their portfolios. The information is very scarce, ...
2
votes
1answer
152 views

What happens to the insurance payout on home insurance if the policyholder dies when the home is destroyed?

After talking to my dad the other week, he mentioned his home isn't insured, because he can't afford it. I've been looking up policies which would suit him, and I'm planning on paying for the policy ...
6
votes
2answers
1k views

Roth IRA vs taxable investment account

I'm new to investing, using M1 Finance, and have been doing some overall research. From what I know, Roth IRA is tax-free income and mostly used as a retirement plan so if I invest in a Roth IRA ...
3
votes
1answer
196 views

How to answer “Are you permanent employee?” when applying for mortgage as an apprentice

I've been looking into getting a mortgage with my partner recently. We had a conversation with the bank yesterday asking all the standard questions (How much do you earn?, Monthly outgoing, etc..). ...
0
votes
0answers
32 views

What self-employment and/or “payroll” taxes exist for NYS Single-Member LLC w/ S-Corp Tax Election?

I am about to form a New York (NY) state single-member LLC and elect S-corp taxation per my CPA's advice. I am the only employee and will be the only employee, at least through to the end of the ...
3
votes
2answers
167 views

Do stocks that are highly rated by analysts tend to outperform index funds historically?

For instance, on CNN Money if you go under forecasts for any semi-large or larger company you will find the number of buy/hold/sell ratings. Is there any way to find out if over a long historical ...
0
votes
1answer
83 views

Street Name and broker problems

It is my understanding that if I keep my stocks in street name it is legally owned by the broker. As a result, if the broker successfully sued for a lot of money ( say 5 billion ) I would expect the ...
2
votes
1answer
61 views

What is the tax liability on a Primary Residence that was turned over as Deed in Lieu?

2010: Home was purchased in New Mexico, USA. Negligible down payment. PMI included. Price $152k 2019: Attempted short sale due to hardship (moving to a new city after losing job). Short sale ...
0
votes
1answer
56 views

HMRC Starter Checklist - Employee Statement

I am going on placement next year and I have to fill out the HRMC Starter checklist form. I worked part time (only two shifts) and the pay I received was not taxed. Does that mean I select statement A ...
1
vote
1answer
149 views

Should I pay tax for previous months because of employer's fault?

I have started in a new job on 30th of November, 2019. I could not get my contract until the last day of December, which, in addition was not agreed salary as per interview process. Salary is 20k on ...
0
votes
2answers
170 views

Can I use both donations and purchases at a charity shop as a tax deduction?

Certain charities operate retail stores which take donations of goods (i.e., used clothes) and also sell merchandise to the public. Let's say I donate $100 of items to such a charity. At some other ...
3
votes
0answers
65 views

Using a US state for payroll while not being a resident

I'm an American currently living in France with my wife (also an American). She has a part-time job working remotely for an American company. This company uses a US-only payroll company, so my wife ...
0
votes
2answers
48 views

Futures, Post and Pre-Market Prices

The following picture shows the price of the FB stock on 1/7/2020 and 1/8/2020: 1/7/2020 Close: 212.60 USD 1/7/2020 After Market: 208.90 USD 1/8/2020 Pre-Market: 212.76 USD Did the price jump from ...
2
votes
2answers
84 views

Credit bureau - Credit freeze vs Fraud Alert

I suspect my passport information along with other personal information was leaked on a website. I have already setup Credit Freeze, would Fraud Alert be also necessary? What are the benefits and ...
1
vote
1answer
24 views

Mutual fund tax exemption SBI

I have a SIP investment with SBI TECHNOLOGY OPPORTUNITIES FUND Regular growth. Can I show this investment for tax exemption ?
1
vote
1answer
112 views

Can an estate be forced to reimburse a life insurance beneficiary?

In New Jersey, a beneficiary is named on a $15k life insurance policy. That beneficiary collects the money and decides to pay the funeral expenses of $9k, then decides she wants to be reimbursed from ...
2
votes
2answers
90 views

Gnucash - view statements

In Gnucash, I've been starting to use statement reconciliation for my bank & credit card accounts. Is there some way to see the statements I've already reconciled? Ideally I'd be able to see all ...
-1
votes
1answer
228 views

What's to stop a person from forming multiple trusts in order to split their taxable income?

Suppose a person who is a beneficiary of a trust holds assets generating $100,000 annual income in one irrevocable trust, and they are taxed by the IRS at about 37% of all income above about $12500. ...
0
votes
1answer
81 views

Lack or abundance of shares available to short. What does it mean for share price in short term?

When there are no shares available to short, it seems to me that there is a big demand for shorting and the price should go down. Demand for selling is higher than demand for buying. Buyers can't ...
3
votes
1answer
141 views

Is money from a trust account considered a gift?

I have a BNY Mellon Investment Fund account designated to me and set up by my parents. On the statements the Client Name is in my parents name and the Designation is my name. My financial advisor ...
8
votes
1answer
138 views

Do I have to take an RMD from my IRA next year?

I turned 70.5 last year and was required to take my required minimum distribution. I took it, but the laws changed at the end of last year making the new age for RMD at 72. Do I have to take the ...
3
votes
2answers
349 views

Are banks in Europe allowed to charge you for too low a balance?

Ever since I've heard stories of people in the U.S. who (almost) emptied their accounts, I've feared of one day doing that too. I always make sure to have at least 100 EUR in each of my accounts. It ...
1
vote
1answer
130 views

Adjusting withholdings for high debt?

I am looking to find out if it would be a good/beneficial idea to adjust withholdings for the next year, and use the extra money to pay down credit card debt. Using rough calculators, I am estimating ...

15 30 50 per page