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25 votes
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Difference between weekly and biweekly paychecks

Many payroll systems calculate tax withholding based on the period (in isolation), as if what you earned that period is what you will earn every period for the year. They basically say, this period's ...
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  • 64.6k
22 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

Its not a scam. The car dealership does not care how you pay for the car, just that you pay. If you come to them for a loan they will try and service you. If you come with cash, they will sell you ...
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  • 75k
19 votes
Accepted

What US law requires a bank to reopen a closed account if a third party sends money to it?

There is no Federal law that mandates that they must re-open a closed account. They can either refuse the transfer / return the money, or they can optionally re-open your account so they get money (...
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  • 4,073
15 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

By law, your wife can get her full Equifax credit report (sans-FICO score) instantly (once every 12 months) via https://www.annualcreditreport.com She can even get her FICO score with a 7-day free ...
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13 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

I actually had a similar situation when I tried to buy my house. I paid off all my loans and was proud of my "debt free" status. I had no car note, no student loans... absolutely no debt, but I did ...
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  • 275
12 votes

Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam?

You say Also I have been the only one with an income in our household for last 15 years, so for most of our marriage any debts have been in my name. She has a credit card (opened in 1999) that she ...
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  • 20.8k
9 votes

How can I refinance or get out of a car loan I am upside down on?

You're not going to like this answer. You might be able to get out of the car. You probably won't be able to get out of the loan. Option #1 - Sell the car privately (you'll get more in a private ...
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  • 628
8 votes

Difference between weekly and biweekly paychecks

Keep in mind that tax withholdings will be reconciled when you file, so if you "get more" today, that may results in a larger tax bill when you file, and vice-versa. Your total tax paid for the year ...
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  • 115k
8 votes

If I work 100% remotely for a Florida company but I live in Virginia, do I have to pay Virginia state income tax?

Yes, as a Virginia resident you must pay income tax on income earned outside Virginia. If you pay income tax in another state, you can claim a credit in Virginia. However, because Florida has no state ...
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  • 637
7 votes
Accepted

DMV lists me as having the title of a 1972 Dodge that I have never had

I had a similar problem -just the reverse- and had to go down to the DMV office to straighten everything out. They should be able to tell you what needs to be done. I wouldn't try and handle it over ...
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7 votes

How can I withdraw money from my LLC?

There are TWO parts to an LLC or any company structure. Liability shield This being the entire point of creating an LLC. The context is that a lawyer is after your LLC, and he's arguing that the ...
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7 votes

Live in Florida & work remote for a New York company. Do I owe NY state income tax?

New York State is one of a few states that will go after telecommuter taxes (such that some people may end up paying double tax even if they don't live in NY). There are a few ways that you can ...
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7 votes
Accepted

Am I paying taxes on my electricity unnecessarily?

As it turns out, Talgov has a convoluted way it bills taxes which it doesn't explain on its bills or website. Its website claims to bill electricity at a rate of $7.59/month + $0.10522/kWh but, with ...
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6 votes

How can I refinance or get out of a car loan I am upside down on?

Short answer: If you bought the car -- as opposed to leasing it -- there is no one to "turn it in" to. The reality of cars and car loans is this: The value of a car tends to fall rapidly the first ...
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  • 20.8k
6 votes

Difference between weekly and biweekly paychecks

I suspect the answer is very simple -- the accounting system didn't bother to compute tax withholding for the first paycheck based on one week of work -- it computed based on two weeks of work. That ...
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  • 1,191
5 votes

Received Check as Business Before Having Funds to Start the LLC

How would I go about this so that I can start using this money? You would open the LLC. The checks were not written out to you, they were written out to the LLC. Only the LLC can endorse them.
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  • 131k
5 votes

How can I withdraw money from my LLC?

Generally, unless you explicitly elect otherwise, LLCs are transparent when it comes to taxes. So the money in the LLC is your money for tax purposes, there's no need to pay yourself a salary. In fact,...
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  • 131k
5 votes
Accepted

Health insurance at 18

You are able to get insurance without interacting with your mother. One way would be to find a job that offers health insurance. You could also get health insurance through your college or university (...
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  • 10.2k
5 votes
Accepted

Mistaken identity error (I am dead) - property tax issue

In FL, you get a letter every year from the property tax man, which lists your applied exemptions and taxes, and it also lists a deadline for any changes. From what you wrote, it looks like you ...
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  • 37.1k
5 votes

My mother's car was totaled

I am sorry for your loss and the most important thing is to remain calm during this difficult time. The tone of your question suggests that there might be an adversarial relationship with the ...
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  • 75k
5 votes
Accepted

State income taxes when traveling to another state

The good news is, Florida doesn't have a state income tax, so you owe Florida nothing. The bad news is, California's tax law says that you're taxed on all income earned from the State while you're a ...
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4 votes
Accepted

Do I have to pay Sales Tax on my leased car twice when moving from VA to FL?

The problem is that the tax paid in Virginia was actually paid by the lessor and the lessor required that I pay it back to them. So I never actually paid any tax directly to the state of Virginia for ...
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  • 201
4 votes

Advice/Experiences, Auto Insurance, Florida, 18 years old

Because you are currently driving and don't have insurance. You need to get insurance today. It appears that it is law in Florida that all drivers must have insurance. Even if it wasn't the law, you ...
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4 votes

Can a car insurance provider demand that I insure every person having a driver's license in my household?

This rule is a reaction to a form of insurance scam that is unfortunately extremely common. The scam works that when you have a household where there is a young driver who is expensive to insure, you ...
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  • 30.7k
3 votes

We didn't file for Homestead Exemption last year - what can we do?

The homestead exemption is your responsibility. You should have filed and should file for next year as soon as possible. What county do you live in? Many have the ability to file online. If at all ...
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  • 75k
3 votes

Do I have to pay Sales Tax on my leased car twice when moving from VA to FL?

This bulletin from the Florida Department of Revenue provides guidance on your situation, and also has more information specific to Virginia in the table. You may also find this Stack Exchange post ...
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3 votes

Do you have to pay New York State Income Tax if you live in New York but work remotely for a Florida based company?

Yes. New York taxes worldwide income of its residents (in fact most of the States/countries do).
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  • 131k
3 votes
Accepted

Auto Insurance: Adding another car to the existing policy (GEICO)

They'll refund your money (though maybe with a small service charge). I'm sure they regularly deal with new car sales gone wrong.
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  • 49k
3 votes

Leaflet claiming tax credits for being a barber, Uber/Lyft driver, cook, and other jobs. Or is this some tax return scam?

Major tax preparation companies will offer you an advance on your tax refund, provided you file through them. This is essentially a loan which uses your refund as collateral. Tax preparers do this ...
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  • 6,849
3 votes
Accepted

Leaflet claiming tax credits for being a barber, Uber/Lyft driver, cook, and other jobs. Or is this some tax return scam?

I think there are two components to this advertisement and would not classify either of them as a scam. Would this place offer a cash advance if you did none of the listed occupations? Sure, I bet ...
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  • 75k

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