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88 views

Amended return (dead or alive): What address or addresses to use for various forms?

An amended return multiple forms, most of which require an address. But if the address has changed since the original return, then what address do you enter on each form? For example, the amended ...
3
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46 views

Can I deduct mileage if I'm a contractor who works at home and at an office?

I am a contractor and get a 1099. I perform some work at home, but much of my work is done at the office of the company I contracted with, and I drive to and from this office several times a week. ...
3
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0answers
62 views

Are Netherlands“second pillar” pensions USA Section 402 compliant?

I am a US citizen and work in the Netherlands as an employee for a Dutch company. In the Netherlands, the retirement pension system is based on three pillars: the public pension scheme, akin to the ...
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59 views

What does negative holdings in ETF mean?

For example in this ETF, the full list of holdings as of today is: TD International Equity Index ETF (TPE) 99.88% Cash and Cash Equivalents 88.88% JPY Currency 23.53% CHF Currency 3.37% SGD ...
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0answers
58 views

What defines a transportation-related medical expense to be “primarily for, and essential to, medical care”?

I'm trying to understand which transportation-related medical expenses are IRS-Qualified Medical Expenses for health savings accounts (HSA). I understand that Publication 969 defines what HSAs are, ...
3
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0answers
83 views

1099-Misc Box 3 Other Income

I am retired and receive a small amount from a family trust for which I am a trustee. When I was working I had more than enough earned income to make the maximun IRA and Spousal IRA contributions ...
3
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1answer
186 views

What to file as a non-resident alien single owner of a U.S. LLC in Wyoming?

I'm an Russian citizen, living in Russia and I own a LLC in Wyoming. I am the only owner of this LLC (single member managed LLC). I use this company to accept international payments through 2checkout....
3
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0answers
79 views

Is my contribution to corporate housing tax deductible?

My residence is in NY but my company moved me to CA for a temporary assignment (one year). They are providing corporate housing but I still have to contribute approximately $900/month. Is the $900/...
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40 views

Are assistance benefits reported as W-2 box 1 income considered earned income?

First off, I recognize that I am not paying any of you to act as a licensed tax professional for me, so I will take your tax advice as just that, advice. The university I attend has financial-need-...
3
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0answers
115 views

Accounting for monthly vested stock options as compenstation in GnuCash

I am working for a company that has recently gone public. Now I see a monthly accumulation of options vesting every month. I would like to account for these options as compensation in my accounts. ...
3
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0answers
137 views

How can I get the information why IRS doesn't want to give me an ITIN?

TL;DR: What are the venues we could take to understand why my friend’s ITIN application has been rejected and how do I finally get ITIN? Some Backstory: I am helping a friend from a non-visa-free ...
3
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1answer
183 views

US Citizen married to EU citizen, working for UK company and remotely for US company - Taxes?

A bit confusing to word the question, but I am a US citizen with a 5-year visa allowing me to work and live in the UK full-time (family member visa - wife is EU citizen). I work remotely as an ...
3
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55 views

Can You Receive Both a Simple IRA and SEP IRA?

I am the employee of two companies. At one company, I receive a SEP IRA. I know that SEP IRAs are not included in the standard annual elective deferral limit. At the second company, I have the ...
3
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293 views

What to do when my co-signer files Chapter 7?

I have an open auto loan and have finally caught my payments back up. My mother is overwhelmed by her debt and is the co-signer on the loan. She has officially filed for chapter 7 bankruptcy and told ...
3
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101 views

Donating ESPP shares to non-profit organization

In recent years, I've made donations to some non-profit organizations using stock shares. They immediately sell when they receive the shares from my brokerage firm and send me a document at the end ...
3
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0answers
336 views

Morningstar secId computation or ISIN mapping?

Morningstar seem to have a particular identifier for stocks and funds, which is called a SecId. The Morningstar® SecId is a 10 character alpha numeric code. Each individual investment is ...
3
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0answers
272 views

Would renters insurance cover this scenario?

This is US based. I have renters insurance and the coverage overview is as follows: Personal Property Loss of Use Personal Liability Medical. I have read my policy, but I do not believe the ...
3
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0answers
71 views

Transfer from Russia to the US after inheritance

My adult children will inherit an apartment in St Petersburg Russia. After the complexities of selling, taxes, etc., will there be any problem with a bank transferring the proceeds to the US? Will US ...
3
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0answers
83 views

Setting up a personal loan, how do I report to CRA?

I am about to make a simple loan to a family member. I have a contract written up, and a payment schedule that we will both sign as well, along with a witness. While the interest rate I am charging ...
3
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0answers
165 views

What happens to my U.S. Social Security and pension if I retire in Germany?

If I retire in Germany, can I receive my U.S. Social Security and pension there, and will it be taxed?
3
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1answer
63 views

To lease or buy when I have the cash in my RSP

I am retired, collecting a pension, CPP & OAS. I also have money in my RSP, which becomes taxable when I withdraw it. I purchased, for cash & a trade-in, a 2014 BMW SUV. Sale price was $39000. ...
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106 views

Who to contact to understand my credit score?

When I was a kid, all the way until I was about 18, I was very ill. I would often have to go to the doctor or hospital and get treatments and scanned, etc. I have multiple debts that occurred when I ...
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0answers
18 views

What tax year do I claim a fellowship if it is on both the 2017 1098-T and the 2018 1042-S?

Note: I am an international student and receive a yearly 1042-S. I got a fellowship in November 2017 but my University did not distribute the money until January 2018. Because I am an international ...
3
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0answers
27 views

USA tax treatment of additional gain from an escrowed sale

In 2016, a privately-held company in which I owned shares was partially (irrelevant, I think) bought out by a private equity firm. We paid capital gains tax on the amount received in 2016 (minus that ...
3
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0answers
58 views

Can construction Soft Costs be carried forward on Canadian rental income?

I built a home and am renting it out for profit. While building, I incurred soft costs (mainly interest costs on money borrowed during construction, and insurance costs). In the years that I had these ...
3
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0answers
62 views

Medical premiums vs. ACA premiums on tax return

I'm currently doing my tax return. In 2017, I paid 12 months of health insurance premiums out of pocket, on my own private plan bought through the Marketplace. In the tax return, it instructs NOT to ...
3
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0answers
128 views

U.S. taxes for last year of residency

My situation: I was a student on an F-1 visa in the U.S. during the first half of 2017. I received a salary while being a student. I had been in the U.S. for >5 years, so I was a resident alien for ...
3
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0answers
98 views

Capital gains treatment of selling all the assets of an S corporation?

I sold the assets—not the stock—in an S corporation that is owned by my spouse and myself. The sale was a cash sale of all income-producing assets of the S corp. Since the sale, the S ...
3
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0answers
62 views

Are there minimum level of service requirement for stocks trading platforms in the USA?

I'm trying to determine the major differences between how a typical bitcoin trading platform operates and how a traditional stocks trading platform operates. Of biggest concern right now is some ...
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0answers
51 views

UK taxes on US investments with UK resident wife and US resident husband

If my wife moves to the UK for 9 months in the same calendar year and becomes UK tax resident is she liable for our USA worldwide investment income by HMRC? She does not work, I work in USA. We both ...
3
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0answers
90 views

Can I file for federal tax returns for the year 2016 from India?

I was working in US in 2016 while on a project but now I am in India. How do I file for tax returns from India for 2016? I tried e filing through an agent last year but I provided my US postal ...
3
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0answers
85 views

Can a Syrian citizen living outside the US invest in US market?

My sister lives in Damascus Syria. She wants to put her savings (in US dollars) in an ETF or mutual fund like VTSAX. So here are the questions: Is there a brokerage firm that caters to people ...
3
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0answers
288 views

Am I supposed to get “GST/HST credit” cheques even if I have substantial savings abroad?

I have moved to Canada, Nova Scotia about a year ago, so I filed my first tax return (2017) already. Long story short, I lived the entire year out of my own savings - there was no income and no ...
3
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0answers
124 views

Why do some institutions close IRA accounts when the account holder moves to another country or spends most of their time outside of the US?

I read on the Merrill Edge's traditional IRA application page: Note: If your residence changes (e.g., you move to another country or spend most of your time outside of the United States), Merrill ...
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0answers
84 views

how to get a fair exchange rate when cashing a check?

How do you get an exchange rate that is close to the fair market exchange rate when cashing a check in a foreign denomination? Banks seem to use their own fictional rates and claim they are fair, even ...
3
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0answers
108 views

Health Insurance: Why use the iterative calculation method?

Context Self-employed Bought health insurance through a health insurance marketplace All premiums for the entire year were "specified" (nothing "unspecified") Need to calculate the the amount of ...
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0answers
26 views

If I am eligible for employer sponsored insurance which doesn't offer coverage in my state, can I still get an APTC on the exchange?

Normally if an employer offers "affordable" coverage that meets minimum standards, employees eligible to participate no longer qualify for an Advance Premium Tax Credit, even if they want to turn down ...
3
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0answers
83 views

How do I see how much savings I will have at the end of the budget period with GnuCash?

I have set up a budget in GnuCash for a one year period, and I started out with some money in each of my accounts. How do I find out how much money I will be left with at the end of the budget period? ...
3
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0answers
126 views

How can I make sure my financial advisor has a good track of success?

I will be exiting my main business real soon and projecting that in 2 years time I will also exit my other businesses or at least sell them at whatever someone is willing to pay. This will net me ...
3
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0answers
117 views

Capital Gains Tax Example - Question

My wife and I are semi-retired and have 3 children under 18. The capital gains rules confuse me (and are pretty depressing). Our reasons for selling the 1 house are to pay for a boat which we plan to ...
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0answers
142 views

Australian freelancing in UK

I am an Australian citizen and resident for tax purposes, but I have recently moved to the UK and planning on staying here for around 6 months. I have a valid working visa. I have picked up some ...
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0answers
121 views

Why are 1982 and 1983 MS-6x Quarters so Expensive?

I've been shopping to fill four holes in my Washington Quarters coin album: 1982-P/D and 1983-P/D. I understand that there were no official Mint Sets made that year. Mintage figures, on the order of ...
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0answers
136 views

US/Irish Citizen Working for a US company while living in UK--Worth it?

First off, i'm sorry if this has already been asked. I've made the decision to move to London with a friend and I need some guidance. I've been interviewing with a few really good companies in London ...
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0answers
64 views

Can I take a Tuition and Fees Deduction when receiving third party assistance?

My wife and I took the Tuition and Fees Deduction in 2015 after receiving a 1098-T from her accredited University that had box 2 (Amounts billed for qualified tuition and related expenses) as $5603.80....
3
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1answer
244 views

Service performed in Brazil for customer in Spain, paid in US

I am a resident of Brazil and recently did a job for a Spanish customer who paid me in the US. I would like to know if I should pay tax on this job, and how I should do that. I do not have a social ...
3
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0answers
66 views

Taxes and Visa Implication: Canadian citizen, Canadian payroll, working M-F in US

Tried to skim through all existing questions, but couldn't find a match to my situation - so any help or input appreciated. I'm looking at a possible scenario where I'm on the Canadian payroll (with ...
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0answers
60 views

Declaring income made in a foreign country

I was in the US from 2010 - July, 2016. In July I moved back to my home country (India) and have been working here ever since. I still count as a resident alien for 2016 in the US for tax purposes (...
3
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1answer
371 views

401k Excess Contribution Refund - Notification

If my employer is required to return excess 401k pretax contributions due to not meeting the discrimination test, are they required to notify me BEFORE making the refund or selling funds/stock in my ...
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0answers
898 views

Earnings Per Share Metric on Google Finance vs. Yahoo Finance

I'm new to both sites (and investing) and I noticed that EPS on Google Finance is different than that of Yahoo's EPS metric (e.g. GE's EPS as of March 18 is Google: 1.01, Yahoo (Diluted EPS): .89 ). ...
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0answers
78 views

What conditions should we fullfill to pay taxes as a family?

I'm thinking about taking a job in Germany, and for the purpose of salary negotiation I'm trying to estimate my net income using this calculator. What complicates matters is that my family won't be ...

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