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For questions that relate to the laws, practices, and products of the United States.

11 votes

If I have an accident, should I file a claim with my car insurance company?

Disclaimer: this is how such things work out in my experience in Germany. US may be different, but my answer may nevertheless give you some ideas what to ask. Ask your insurance how to proceed. (if …
cbeleites's user avatar
  • 3,004
0 votes

Should we keep some of our emergency fund in cash at home?

I may say first that I am in Germany, where cash transactions are anyways far more common than in many other regions of the world, at the outskirts of a metropolitan area (it's a region that is mixed …
cbeleites's user avatar
  • 3,004
4 votes

Is it true that car insurance can go up if a member of your family gets a license?

In germany, living in the same household as the insurance holder doesn't matter because that alone won't allow you to drive the car. Many (private) car insurance policies have a list of drivers for …
cbeleites's user avatar
  • 3,004
3 votes

Can I purchase gift cards this year and deduct as a business expense, and spend the cards ne...

If you (or your friend) buy a gift card, that's not an expense in itself, it is an asset swap: for x money (asset) you get x gift card (asset). The asset swap doesn't change profit and thus doesn't h …
cbeleites's user avatar
  • 3,004
3 votes

How to cash a US check in Germany?

I'd go and check the fees of several banks (Preis- und Leistungsverzeichnis) since they vary substantially. I checked a few right now, and there is no indication of any such new regulation. One list c …
cbeleites's user avatar
  • 3,004
0 votes

Where to save for retirement

I'll tackle the EU part of the question. I'm in Germany and know a tiny little bit about what happens if you have been employed in other EU coutries. I have hardly any knowledge about the Dutch pensio …
cbeleites's user avatar
  • 3,004
0 votes

International Income Tax

Yes, there are situations where that happens. It's actually not uncommon. Sales tax/VAT is typically due in the country of sale Income from such sales may be taxable in the country of sale as well …
cbeleites's user avatar
  • 3,004