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105 views

Tax status decision

I left the USA for India on 1/31/2019. I was present in the USA in 2018 but for 15 days, and for the whole of 2017, and in 2016 except for 15 days. Will I be classified as a resident alien, non-...
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79 views

In general, does “the market” prefer or dislike bottom-floor apartments/flats?

I can see both many pros and many cons of living in a bottom-floor apartment, as opposed to one on any other level/floor. I'm undecided myself, actually. However, I'm asking about what the general ...
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0answers
79 views

UK student loan default payment for living abroad is lower than how much I should pay based on earning. Can I just pay the default?

I'd like to preface this by saying that if I am legally required to pay the higher amount, then of course I will. But as any human (presumably), I would prefer to pay less. I am also on Plan 1 for ...
3
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0answers
78 views

H1B Temporary Worker/ 1099 MISC Income

I am a H1B temporary worker in the united states at the moment. Last year, there was a pilot TV series filming in our apartment of residence which resulted in some inconvenience for me as a resident. ...
3
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0answers
33 views

After hours matching

So I put in an after hours sell, well below the standard hours and after hours ask, on a liquid dow futures security. The transaction did not complete. I looked in the ledger detail and found that a ...
3
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0answers
156 views

Credit and Debit Cards Stopped Working in Spain

I'm currently travelling in Europe with a VISA debit card for a Charles Schwab Checking Account as well as an American Express Bonvoy credit card. Both cards target travellers and don't usually ...
3
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1answer
89 views

Out-of-the-money options at expiration

It's taught that out-of-the money options that expire at the end of the last trading day expire worthless yet I see many expired options in trading hours that hold their value and continue to trade. ...
3
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0answers
74 views

Equity cannot be redeemed at the option of the holder

I was going through Tier 1 Capital on Investopedia. I came across this note a couple of times in the article. Equity capital is inclusive of instruments that cannot be redeemed at the option of the ...
3
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0answers
103 views

Life insurance documents sent to wrong e-mail address. What are my options?

Some time ago I applied for life insurance online, and to my utmost incredulity (it never happened since I started using the Internet) apparently I misspelled my own e-mail address. A host of ...
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0answers
62 views

Can I claim homeowner tax benefits if the title isn't in my name yet?

My mom died at the end of 2018. Her living trust named me as trustee and indicated her house was to go to me. I failed to transfer the title to my name last year, but I paid the mortgage all year. Can ...
3
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0answers
53 views

What is the process for filing individual income tax for income obtained without a W-2 or 1099?

Scenario We have a legal adult called Brittany who has obtained income of $4096.00 from a babysitting job last year. The mother of the children she has been watching has not withheld income taxes, ...
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0answers
33 views

Dependent Care FSA Reimbrusement

I had FSA with past employer from Jan to Sept 2019 and then switched Job with new employer and started FSA amount with the rest of the limit. All my dependent care expenses were till Sept 2019 but ...
3
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0answers
210 views

What does the IRS do about trivial tax discrepancies?

I submitted my taxes (e-file) about a week ago via Turbotax - expecting a large refund. I then unexpectedly received a 1099-INT from my bank for $15 of interest received during the year. I did not ...
3
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1answer
401 views

Bank transfer to fake or fraudulent recipient

I have made a bank transfer from my UK account to another UK account but then I have realised that the recipient's name was fake and I got scammed. I requested my bank and the recipient's bank the ...
3
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0answers
68 views

Return of excess employer contribution after transfer to IRA

A few years ago, I had an internship, and had to set up an account with the employer's retirement fund company. A couple of years after leaving the company, I was closing out old accounts, and ...
3
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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 "...
3
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0answers
66 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 ...
3
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0answers
112 views

Contractors IR 35 tax burden: is it less than people thought?

With the introduction of the new IR35 legislation in UK, many contractors caught inside IR35 are going to pay more taxes. The most popular tool for the calculation of the tax burden among ...
3
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0answers
57 views

Cannot Find Mortgage Adviser on FCA Registry

My partner and I are currently on the market looking for our first home to buy. When contacting a estate agent for a potential house they referred me to a Mortgage adviser. When searching for details ...
3
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0answers
37 views

Recapture of portion of Federal subsidy

My state offers a mortgage program which stipulates: The Internal Revenue Code includes a restriction relating to such mortgage loans. The Federal government treats homebuyers who purchase a ...
3
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0answers
82 views

Can one take retirement benefits from both Europe and the US?

Person A, a German citizen who currently holds a US green card and lives in the US, worked earlier in their life in three different European countries, contributing to various government-sponsored ...
3
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0answers
74 views

How do certain companies force payment withdrawal while others can’t?

Not sure if this is the right place to ask so let me know otherwise, but it seemed the most appropriate...Some subscription services (Spotify, Netflix for example) can’t process your monthly payment ...
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0answers
37 views

How Should a US Expat in Vietnam Optimize Compensation Package to Maximize Net Pay?

I may have the opportunity to work on a project in Vietnam starting in early 2020, and am hoping to get some advice on how I should negotiate my compensation package with regard to taxes. I am a US ...
3
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0answers
154 views

Will I get trouble with CRA, if I withdraw yearly maximum Capital Gain without paying tax in ON for many years?

Assume I get 0 income and my Capital Gain doesn't fall. I live in ON. Call F the maximum federal ($12069 in 2019), and P the maximum provincial ($10582 in 2019) basic personal amounts. Retirement ...
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0answers
82 views

Does money spent from lawsuits get reported in tax?

I had the unfortunate experience of taking my landlord to court. We eventually reached a settlement where I got some money. I strongly believe I should have gotten more and have evidence to support ...
3
votes
1answer
242 views

Moving out of US. What are my options for investment accounts?

I am a non-resident alien who is moving out of USA to Canada or India. I have my investment accounts which require me to have a valid USA address. What are my investment options at this point with USA ...
3
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0answers
66 views

How common are shareholders' clubs and 'fidelity bonuses'?

I was wondering: How common are shareholders' clubs outside France? In France, at least a dozen of the CAC 40 companies have such clubs, where they offer various advantages like museum / concert ...
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0answers
315 views

Removal Company Behavior - Is it a scam?

I have just relocated from the Uk to France, and I have agreed with company A to make the removal of all the items in my house for around 5,000 £ (a good price, but not too good to be true in my ...
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0answers
108 views

Do you have to pay taxes on a Unison “investment”?

I keep getting these Unison solicitations in the mail. Another question discusses whether or not this is a good deal in general, but one thing I don't see mentioned is taxes. I have searched quite a ...
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0answers
111 views

Is there a way to transfer a cultural donation tax receipt? (Canada)

Canada specific question. My father is planning on making a cultural donation to a museum. He will receive a 100K tax receipt for the donation. My marginal tax rate is significantly higher than his, ...
3
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0answers
107 views

Are US HSAs taxable in the UK?

I'm working temporarily in the US, but I'm from the UK. I have a Health Savings Account (HSA), which works similarly to a retirement account (penalties for withdrawals before 65, free thereafter; tax-...
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0answers
93 views

(Hypothetical) Write off Loss of Cash due to bankruptcy of financial institution

In both Canada and the United States, how do we write off the loss due to bankruptcy of the financial institution in excess of deposit insurance on the tax return for the tax year when the bankruptcy ...
3
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0answers
77 views

What do I need to know about investing in developing countries?

My wife is Sri Lankan and we have some cash assets there, but we both live in Australia. Sri Lanka has restrictions on taking money out of the country - essentially it looks like you can only take $...
3
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0answers
191 views

I want to be a landlord for a family member. How do I structure my mortgage?

My father-in-law is wanting to live the remainder of his life in a nice bungalow near our family. I've agreed, in principle, to be his landlord. Let us work with the following numbers: House price ...
3
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0answers
69 views

HCE Excess Refund on 401k Plan

This year, I received a letter from the company I worked for notifying me that they did not pass the 401k non discrimination test. As a highly-compensated employee, I received an excess refund check ...
3
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0answers
167 views

Cashier checks purchased in the 80's at a bank that is now closed - the State Treasury Dept can't find them

My dad who is deceased purchased cashier checks in the 80's and the bank has since closed. I reached out to the States unclaimed property; they found several checks but there are a few left that they ...
3
votes
1answer
317 views

During retirement, what if form 8606 is missed one year? Non-deductable traditional IRA contributions

What happens if, during retirement, you miss filing form 8606 one year? Form 8606 is used to track non-deductible contributions to an IRA. In retirement those contributions can't be taken out all at ...
3
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0answers
150 views

Should a Canadian working in the USA, invest in a 401k, Roth IRA, Traditional IRA, and/or RRSP?

I have a cousin who is a Canadian citizen working in the USA, asking me about the Canadian RRSP. However being an American I am more familiar with 401k, Roth IRA, and Traditional IRA. 1) From ...
3
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0answers
59 views

What benefits and risks do American C-corps have for investors in Europe?

In Europe the start-up investor climate seem quite different from what investors and entrepreneurs experience in the US. As I am being part of a few different EU based startups I am confronted with ...
3
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0answers
93 views

Can a non-resident Canadian citizen working in USA maintain a margin account in Canada?

I am a non-resident Canadian living and working in USA. Can I maintain a margin account for stocks trading in Canada?
3
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0answers
83 views

Are cash gifts from a former employer taxable in Canada?

I was previously employed by an elderly couple providing in-home care for several years. The husband passed away a number of years ago, while the wife passed away last year. Obviously, as the couple ...
3
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0answers
70 views

Tax return on income less than 8000 USD from royalties

I am a U.S. Nonresident Alien (graduate student in Seattle, WA). I am married, but my wife is not in US. In 2018, I earned ~8,000 USD in royalties. That's my total US earnings for 2018. I have not ...
3
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0answers
179 views

Sum of quarterly reports is not equal to annual reports

I am trying to calculate a stock's worth and in doing so I am adding values of all the four quarters from quarterly reports but it is not equal to the value in the annual report. I am trying to ...
3
votes
1answer
376 views

can closing covered call and opening a new coverd call trigger wash sale

In Jan 2019, I bought 200 QQQ (ETF) at about $160 and also wrote two covered calls for June 2019 at 170 (higher than the last day price) netting a small premium. Now QQQ is at about 185 so it will be ...
3
votes
1answer
591 views

IRS Notice CP59 - Did not file taxes

So my wife got a CP59, which is a complaint from the IRS that she did not file her taxes for 2017. That year, as in years previous, we filed jointly and electronically. The year previous we had a new ...
3
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0answers
50 views

Capital Gains Tax and Main Residence

If I changed my main residence 4 years ago, but did not inform HMRC, then can i register for the dates i actually changed my main residence when i sell my older property, in order to avoid paying more ...
3
votes
1answer
89 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 ...
3
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0answers
205 views

Motley Fool US v UK?

Does anyone know the relationship between the Motley Fool US and the Motley Fool UK? A few years ago, fool.co.uk was a lively web site with very active forums. Then it changed into something that ...
3
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0answers
59 views

How to report contributions to UK pension (USS) on US taxes?

I am a United States citizen living and working in the United Kingdom. I am enrolled in the Universities Superannuation Scheme pension plan. Do contributions to this plan need to be reported on my ...
3
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0answers
120 views

How can you leverage the benefits of an older spouse's retirement account?

Can a marriage with a large age gap and a young high-earning spouse benefit from, for example, a Roth IRA? Let's say Jack and Jill are married. Jill is 50 and makes $25,000/year while Jack is 25 and ...

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