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votes
1answer
696 views

Include all W-2 forms on a Part-Year-Resident State return?

I lived in State1 for the first 10 months of 2012, and then State2 for the remainder of the year. I've already e-filed my federal return and my state return for State1. However, my tax software ...
0
votes
1answer
101 views

Credit Cards Similar to Co-ops

I keep getting advertisements from BarclayCards Ring and finally clicked on it because it seemed like a different type of credit. It appears to be a credit card that the rewards are based on the ...
2
votes
1answer
2k views

How can I donate money to the Canadian federal government?

Lots of governments accept donations from members of the public. For example, I know the government of Ontario accepts donations through the Ontario Opportunities Fund. I also know that the US federal ...
8
votes
3answers
2k views

How to avoid tax when taking a windfall in small chunks?

My software company has no employees but me, and makes a million dollars a year. I expect it will do so for about 3 more years and then close its doors. I'm 30 years old. My family lives below our ...
8
votes
3answers
395 views

What is the best approach to save money for College for three kids?

I have three kids ages 4, 3 and 0 and I am concerned about the cost of college education for my daughters. A lot of the "public" schools (not community colleges) cost between $20,000 to $24,000 a year ...
1
vote
1answer
2k views

I married a noncitizen. How do I properly file a W7 with our joint return?

From what I understand, an SSN or ITIN is required to file a tax return, and when filing with an ITIN, you are ineligible for the EIC and you cannot eFile. My issue is this: my wife preemptively had ...
10
votes
1answer
9k views

I'm in the US on F1 visa, received a W2. Not sure what to do now

I came to the US a few months ago to pursue my higher education. So I worked as an RA in my university last year, and just today received a W2 form in mail. It doesn't say anything about what I need ...
9
votes
1answer
485 views

Savings Account Rates vs. CD Rates vs IRA CD Rates

I have an IRA at Fidelity, and was looking into rates I could get for new issue CDs. I found that the best rate offered for a 1 year CD was 0.3%. I was surprised by this, as I currently have a (non-...
4
votes
2answers
2k views

Capital Gains taxes on an inherited house

My grandfather passed away in 2011 and my father inherited his house. We are looking to sell the property now and are concerned with capital gains taxes. The property has a market value of around $...
0
votes
1answer
199 views

EU deposit guarantee fund for failed state guarantee

I am not able to find reliable information on this topic. Generally speaking, all deposits in EU banks are secured by national guarantee fund up to about 100k. Image a national fund would fail because ...
4
votes
1answer
8k views

Calculating capital gain tax on selling rental property I lived in for a while, and renovated?

I am finding it extremely difficult to get an answer to this question. I can understand if its not possible to give me an exact number but I am just trying to figure out, roughly how much I will be ...
4
votes
2answers
3k views

What's the least risky investment for people in Europe?

I have a few thousand euros in a bank deposit and I was wondering where I should invest them, considering that I won't want to take much risk? I am ready to accept the lower ROI than investing the ...
2
votes
1answer
1k views

Bid/ask spreads for index funds

Let's assume for simplicity that each company in the S&P 500 has the same market capitalization, and has a share price of 1$. Further, assume the fund allocates 1% for operation costs. So when I ...
3
votes
1answer
2k views

How do interest rates work?

My question is very simple. I am considering a CD for my money, but I don't know a whole lot of the financial math that goes into that kind of stuff. My question is about interests rates. Do CD's ...
1
vote
1answer
138 views

Equity or alternative compensation in an LLC?

I am currently working for a real estate startup (LLC) that wholesales REOs nationwide. I was one of the earlier employees to get hired. Since my time of employment, the company has been expanding ...
9
votes
1answer
243 views

Are there downsides in refinancing with 5 and 1/2 yrs left?

I have 5 and ½ years left on my 15yr 4.75% mortgage. I originally borrowed $200,000, and according to the amortization table, I will pay a little over $12,000 in interest on the $86,000 left. I have ...
6
votes
1answer
10k views

Received W-2 but was never paid

I just now received a W-2 from a company that I worked for 3 days as a contractor. I had to leave country for 2 months due to a family emergency. Since the employment duration was very short, I was ...
0
votes
2answers
49k views

What does “check payable to” mean?

I've just received agreement papers from a publication who I'm freelancing for. There is a section on the bottom that asks for my address, city, social security#, etc, but it also asks where my check ...
4
votes
4answers
2k views

How should I calculate the opportunity cost of using a 401(k) loan?

I've seen a number of financial articles that discuss the "opportunity cost" of using a 401(k) loan; however, I don't seem to recall ever seeing a good formula or calculation that can be done to ...
7
votes
3answers
33k views

How to deal with my job change & 401k loan that I can't fully pay back?

It's been 60 days since I changed my job and I have an outstanding 401(k) loan of $30K(+30k non loan amount). I have only $20K to pay and my 401k plan won't accept the partial amount. I still didn't ...
2
votes
4answers
445 views

Capital gains on no-dividend stocks - a theoretical question

Suppose company X has a policy of never giving out dividends and this policy will never change. Now suppose company X doubles its earnings every year. Will its stock prices go up? Sure, the company ...
3
votes
1answer
2k views

As a freelancer, how to receive money from overseas company to my individual bank account in India?

I am working as a freelance software developer. Recently I got a project from an overseas company. I asked them to send money through ICICI Bank Money2India. The first payment made it successfully ...
1
vote
1answer
296 views

Canada: No taxes filed since 2003 while living in another country

My sister has been living in Central America since late 2002. She worked at small jobs to stay afloat, but didn't file taxes from 2003 onward. Now she is starting to pull in some proper writing jobs ...
2
votes
1answer
273 views

How to automate and streamline saving for multiple large purchases?

My situation is the following: I want to automate as much of my finances as possible I want to have multiple savings goals (perhaps house, wedding, new car, or recurring 'savings' items like car ...
2
votes
1answer
287 views

Get tax deduction for expensive car expense

Recently I paid a lot (almost one month of my salary) for repairing my car. I am wondering if there is a way to get deduction on federal or state taxes (USA, California).
11
votes
2answers
61k views

Donation Value Of “One Bag Of Clothing”

Early last year, I donated clothes to Goodwill and received a donation receipt for "one bag of clothing." I have no memory or documentation of exact contents to calculate an amount. Given only the ...
4
votes
4answers
2k views

What's the best way to handle FSA transactions in light of a pregnancy?

If a worker makes contributions to a dependent-care Flexible Spending Account, and that worker expects she will be on maternity leave for a portion of the year, much of which will be "unpaid", what is ...
3
votes
1answer
541 views

What happened to buyers of ABT right before the split?

Abbott Labs (ABT) split into two companies (ABT and ABBV) at the start of the new year. Shareholders of ABT on Dec. 12 received one share of ABBV for each share of ABT they owned on that date. As I ...
2
votes
1answer
133 views

When can I start making contributions to a 401k

I'm moving to the US this year. When can I start making contributions to a 401(k)? Can I start as soon as I get my first pay check or do I need to wait until I file my taxes?
2
votes
1answer
2k views

Who is the issuer in a derivative contract?

In the case of a bond or a share, there is a bondholder or a shareholder on one side and a company issuing the security on the other side. In a derivative contract, which party can be named as the ...
2
votes
1answer
79 views

Would student loan consolidation through a private party still be tax deductable?

I have a private party that would be interested in paying off my student loans and in turn, extend me a loan at a slightly reduced interest rate. This makes sense to me until I get to the point where ...
3
votes
3answers
7k views

Primerica: All it claims to be? [closed]

I've recently been contacted and had a conversation with a Primerica representative. Their claims of having the absolute best life insurance and getting above average returns on investments sounded ...
4
votes
1answer
57k views

What is an inclearing check?

My US bank showed a transaction without a check number and called it an "inclearing check". The month is not over, so i haven't seen how it's shown on a statement. But a bit of searching on the web ...
4
votes
1answer
819 views

Do online brokers use market makers?

If I use an online broker such as Trade King or Scottrade to buy shares of some company, how do they buy the shares? Do they have to go through a market maker? Is there a notion of the broker ...
3
votes
1answer
470 views

New construction closing in a year; how can I lock in mortgage rate?

I've just contracted for a new house in Florida to be built. The closing won't occur for approximately a year. Is there a way to lock in a mortgage interest rate for so long in the future? It will ...
1
vote
1answer
438 views

Confused regarding filing taxes as a non-resident alien vs resident alien.

All, I am new here and have a rather puzzling (at least to me) situation: During 2012, I started off the year as an F1 Visa Holder till September 30. I then switched to an H1B on October 01 and ...
0
votes
1answer
1k views

What's the connection between P/E ratio and growth?

Is there an exact formula for that if we can predict the growth accurately? For example: Using discounted cash flow analysis, the impact of earnings growth and inflation can be evaluated. Using ...
12
votes
2answers
2k views

Sign up for credit card only for rewards and benefits, then cut it up - pros? cons?

First off, I know red flags go up when credit cards are mentioned, so as a disclaimer, I am responsible with credit, prompt with payments, and I have a good solid credit score (says credit.com today). ...
1
vote
1answer
84 views

Does ownership of a mutual fund in another account sufficient to buy more if it is “closed to new investors?”

I would like to purchase shares in a mutual fund that has closed itself to new investors. The account in which I would like to purchase the shares is in my current employer's retirement plan. I ...
1
vote
1answer
331 views

How can I get approved for a store credit card?

How is a person supposed to get approved for a store credit card if they have insufficient credit history? I just received a secured Visa card, but am wondering how long it will take to establish a ...
5
votes
3answers
10k views

Tax implications of restricted stock units

Last May I had been with my company for a year so I got the first grant of restricted stock units (RSUs) that vest over 4 years. Based on this answer to a related question, I am thinking I should have ...
1
vote
1answer
211 views

Is household disposable income a real or a nominal value?

I downloaded Quintiles/Deciles ordered by household disposable income (Turkey, Urban, Rural)) data from Turkish Statistics Institue. I have looked at the provided data, but it doesn't indicate if the ...
0
votes
1answer
148 views

Does putting my name on my wife's condo mortgage raise my credit score?

Would it be wise for me to put my name on my wife's condo mortgage (which she owned before we met) to raise my own credit score?
4
votes
5answers
2k views

Overpaying my mortgage monthly payment

I have a 30 year fixed-rate mortgage. Yearly interest rate is r. If my initial principal is P and monthly payment is p, but this month i decide to pay p+Delta, how do i calculate how much of the (p+...
4
votes
2answers
401 views

What laws/regulations are there regardings gifts in the form of large sums of money?

My understanding is that at a certain point, there are taxes or regulations or something on gifts. Like if I were going to give my friend $500,000, for whatever reason this isn't as straightforward as ...
4
votes
2answers
164 views

Automating Certificate-of-Deposit purchases into a ladder-like scheme

In follow-up to these two questions, how could I automate purchasing CDs on a routine basis (say every month) in the US? Would it be specific to a given financial institution, or is this a common-...
1
vote
5answers
554 views

Would any experienced individual balk at the idea of ignoring a 401k plan?

I would rather invest my money on my own how I see fit and plan my retirement custom-style. ASSUMING a person knows how to use and invest their money wisely, would it still be a bad idea to entirely ...
1
vote
1answer
1k views

How to determine mutual fund or ETF capital gains taxes in Canada?

I live in Canada. I invest with TD Waterhouse, but I believe my question is unrelated to my specific broker. Over the course of 2011 and 2012, I invested in a mutual fund indexed to the S&P/TSX (...
3
votes
3answers
2k views

Quick formula for calculating total interest in my head

Is there a rough, quick and dirty, formula that I can do in my head for calculating the total interest on a loan? Something like: TotalInterest = Principal * (Yearly Interest% * Term In Years / 2); ...
1
vote
0answers
323 views

How do I reconcile a pre-payment on a credit card in Quickbooks?

I have two payments to credit card for the same period. One is tied to last month's reconciliation but the other one is just a prepayment because I wanted to charge the account over my limit, so I ...

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