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7 votes

Tax reform bill: Is a section 11042 "consumer rebate" of $3700 legit, or a scam?

Section 11042 of H.R. 1, the 2017 tax bill, is titled: SEC. 11042. LIMITATION ON DEDUCTION FOR STATE AND LOCAL, ETC. TAXES. If you read the language of that section, that is indeed the section ...
Guest5's user avatar
  • 1,324
7 votes
Accepted

How to enter credit card "statement credits" (e.g. cash back) in double entry accounting?

Per IRS Private Letter Ruling 141607-09 : "The portion of the credit card purchases that Taxpayers can either receive back in cash or request Company to pay to a charity does not constitute gross ...
A.K.'s user avatar
  • 328
3 votes

How to enter credit card "statement credits" (e.g. cash back) in double entry accounting?

As recommended by A.K. I do monitor this as a contra-expense, however I use the 'Expenses:CreditCard:Interest' account for this purpose (in addition to any interest accrual). This helps me see the ...
Andy's user avatar
  • 1,448
3 votes
Accepted

Is IRS Sec 408 rebate legit?

This is probably a sideways reference to 26 U.S. Code § 408 - Individual retirement accounts, the laws governing IRAs and contributions made under that heading. The rules associated with IRAs are ...
Derek_6424246's user avatar
3 votes

Can I get expired rebate checks reissued or deposited?

Your best bet would be to contact Newegg. A brief search on Google for "Can I cash an expired rebate check?" returned mixed results. Some say that you can't. While others say they have been able to. ...
Michael's user avatar
  • 10.2k
3 votes

Tax reform bill: Is a section 11042 "consumer rebate" of $3700 legit, or a scam?

The tax code has a choice. If you itemize, you had a choice of taking your state tax or sales tax, but not both. The ad copy is offensive, like some of Motley Fool ads posted here, it has a ...
JTP - Apologise to Monica's user avatar
2 votes

Ask rebate in loan repayment

They were kind and let you extend the repayment time on the loan. But that does mean additional interest accumulated during that additional time. You agreed to this; you can't change the contract now. ...
keshlam's user avatar
  • 45.1k
2 votes

Rebates and FSA's

While this question Can I get a rebate after using my HSA? mentions Health savings account the answer is still applicable. Go to the website for the plan administrator. They will either have a form ...
mhoran_psprep's user avatar
2 votes

Can I specify lumpsum investment that I have decided to make in this year, but not yet done

I guess you are talking about TDS by your employer. Yes this is possible. Check with your company for details, some require the declaration early and have a defined window for proof of investment.
Dheer's user avatar
  • 57k
2 votes

What items are exempt from the VAT? [U.K.]

I'm thinking about visiting the UK and I'm wondering which things are affected by the VAT and which are not. Most consumer goods are subject to VAT at the standard rate. Most food sold in shops is ...
Peter Green's user avatar
  • 2,958
2 votes

Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively?

Not so much a scam, if you fill the required paperwork and actually take time to mail it in assuming it's done correctly; you will get your money. That being said, having a mail-in rebate program is ...
John's user avatar
  • 21
2 votes

What rules govern what a bank must accept for deposit in the US?

Your main recourse is against whoever's issuing you the rebate. They have a legal obligation to cause you to have the money in your account; that third parties are failing to cooperate does not ...
Acccumulation's user avatar
2 votes
Accepted

What rules govern what a bank must accept for deposit in the US?

The American National Standards Institutes recommends but does not require, banks to use E13B font in magnetic ink. All banks are permitted to refuse checks not printed on the MICR line in magnetic ...
Dave Harris's user avatar
  • 4,277
1 vote

Are "play games get cash" apps like Mistplay legitimate?

The golden rule of evaluating something that might be a scam, is simply: "Why would someone pay me to do [x], how much should they pay, and am I exposing myself to potential fraud?". So for ...
Grade 'Eh' Bacon's user avatar
1 vote

Spreads on taker-maker exchange

Displayed Spreads on Maker/Taker exchanges are typically narrower than spreads on Taker/Maker or other exchanges. The reason is simple, participants (assuming they pay the exchange transaction fee or ...
xirt's user avatar
  • 5,121
1 vote

Spreads on taker-maker exchange

"Informed Trading and Maker-Taker Fees in a Low-Latency Limit Order Market" by Brolley and Malinova (2013) not only supports your hypothesis, it sugests rebate fees improve welfare. From the paper: ...
Charles Fox's user avatar
  • 2,779
1 vote

Can I register even a small solar panel installation with my local renewable energy pool?

Contact the pool and ask. Be prepared to give them exact specs on your panel. Note that you will require an inverter specifically designed to connect safely to the grid, and your local electric ...
keshlam's user avatar
  • 45.1k

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