user3757614
  • Member for 7 years, 1 month
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How can I get a job without pushing my family's income into a higher tax bracket?
88 votes

To be clear, this has nothing to do with tax brackets. (There's a longstanding belief that getting into a higher income bracket will increase taxes on all your income, when that bracket just applies ...

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Made a down payment for a vehicle in cash for $10,000 and a Form 8300 was sent to IRS
87 votes

This is a record of a transaction made in cash over $10k. This doesn't have anything to do with your taxes, it's just an anti-money-laundering thing. If you went out next week and bought another car ...

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Accidentally cashed a check twice
68 votes

The best method would be to contact the check cashing place, and have them stop processing. Whether or not that's possible depends on the actual company you used. Talking to the company that you got ...

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Credit card details stolen every 1-2 years. What am I doing wrong?
47 votes

Statistically, one of the e-commerce sites you used your card on was hacked. Once every 2 years is above average for that kind of attack, but not by that much. There's no good way around those types ...

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Can I open a 529 retroactively to pay my student loans?
Accepted answer
27 votes

529 Contributions are not tax advantaged at the federal level, just the earnings. If you put $1000 in your 529 account, then immediately use it to pay your loan, you don't get any benefit. If you put $...

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Shouldn't the "credit score" prevent Americans from going deeper and deeper into personal debt?
26 votes

One aspect that may not be obvious from outside the US is the prevalence of medical debt. A quick Google shows that about 2/3rds of bankruptcies are due to medical issues. The easiest way to end up $...

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What information do scammers need to withdraw money from an account?
Accepted answer
25 votes

From the link in Vicky's answer, the fraudsters needed access to the victim's computer (or for the victims to transfer the money, or general access to the victim's account) and for the victim to read ...

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Home rebuild and demolish
17 votes

Honestly, if your current home is in good shape, you'd be better off, financially-speaking, not demolishing it. Your options, as I see it: Build an extension on your house. This should be ...

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Company just got acquired. What does this mean for my common stock?
Accepted answer
16 votes

You should call up the company and ask that. (HR should be able to handle this.) Stock options cover a range of possibilities, and you'll probably need to contact them anyway to get this taken care of....

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How can I sell my shares in a privately-owned company I used to be employed by?
9 votes

In general, shares in a private company aren't worth anything. (Unless the company is paying dividends or they give voting privileges or something.) There's no good way to convert them into cash ...

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Case against home ownership? High income, no home, don't necessarily want one
5 votes

Home ownership isn't that great of a deal in some cases; there are calculators that can indicate if owning or renting is a better deal, but I think I know what they would tell you. And, as you noted, ...

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On cards with a chip, why does every chip have a different design?
5 votes

Basically, the spec doesn't care. When you insert your card into a reader, there are six pins that will make contact, three along each edge. The area in the middle isn't really used, but should be ...

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Are stock options worth as much as shares?
5 votes

In your comment you note that your company is not yet listed. This is important. So, what are stock options worth? Let's give some scenarios: 1: The company becomes public, and starts selling shares ...

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can I get any money back from US after deportation?
4 votes

The only one I can think of is Social Security, and it looks like deportation specifically disallows SS benefits: "Section 202(n)(1) or section 223 of the Act prohibits the number holder (NH) on a ...

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Should I invest in house?
3 votes

Buying property with someone else is always a risk, and generally not recommended. (With an exception for married couples.) More importantly, you don't want to rely on both your incomes, as if either ...

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Using a personal loan to cover gap in down payment for potential mortgage
3 votes

A loan generally doesn't help with a bigger down payment. The goal of the down payment is to make sure some of your money is invested into the property, not just other peoples', and simply getting a ...

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What is the reason for paying more capital gains tax if I stay in the same house longer?
3 votes

This is more of a political question, so.... The exemption from capital gain taxes for a primary residence should be understood in context of the subsidization of home ownership that the US practices....

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Used car with lower TCO
3 votes

When I bought a used car, I went with the following characteristics: Under 100k miles. Cheap. Reliable model. Newer than 2000. I bought from an actual person instead of a dealer, and was willing to ...

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AI based penny stock predictor
3 votes

Honestly, I'd be worried that the corruption inherent in penny stocks will bite you/your customers. Your AI program will either fall prey to pump and dump schemes (if you're bad), or will look like it'...

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401k catch up contributions for HCEs - can my company forbid these?
Accepted answer
3 votes

You've already gotten the legal advice from CPAs and such, the question is more how to convince the CFO that what you want is allowed without forcing them. My suggestion would be to have one of the ...

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How does the "Subdividing Tax Lots" scheme work?
Accepted answer
2 votes

While your linked article doesn't use that term, I think this is talking about 'gerrymandered' zoning lots. This article shows one example lot: Crain’s Reveals Gerrymandered Zoning Lot (Or do an image ...

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How does this "prescription assistance program" scam/business work?
Accepted answer
2 votes

Note that the "Massachusetts Prescription Assistance Program" appears to be a state-specific page for the "USA Medical Prescription Assistance Program". This is a "prescription discount card" business....

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How can I safely sell virtual items?
2 votes

Safely? You exchange it for Steam wallet funds, and use them to buy games for your own account. (Or birthday gifts or whatnot.) There's no good way to get actual cash from a Steam item, only various ...

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Can you go broke by investing in prime real estate?
2 votes

Can you lose money on real estate? Yes. If you buy a house, and it turns out to need serious repair work, or a renter trashes the place, or whatever, you can lose money on real estate. Can you go ...

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How high a mortgage can I afford at my current rate of monthly rent payments?
2 votes

The calculator I'm familiar with is http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0 The benefit to this is that it calculates not just the actual mortgage payment, but ...

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Can a Roth IRA be used as a savings account?
2 votes

(To be clear, IRA accounts are just wrappers, and can contain a large variety of investments. I'm restricting myself to the usual setup of investment in the stock market.) Once you remove money, you ...

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Condominium Reviews
Accepted answer
1 votes

As part of the purchase process, you should get some kind of document packet, containing both financial information on the condo association, and meeting minutes. Read the meeting minutes; that's ...

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Renting at a Loss While Banking on Capital Gains
1 votes

You say that since rent would be the same as your mortgage, you'd be operating at a loss, but that mortgage money doesn't disappear. Instead, you'd be trading ready cash for added principal on your ...

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Applied for car loan and got denied: No credit history or no credit file
1 votes

I would start with a look at your actual credit report. Normally, you can get this for free at annualcreditreport.com, which is the official site for this. However, you're an immigrant, and this site ...

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Buy 1 bed flat via private sell (Edinburgh, UK) - opportunity?
1 votes

Brexit will probably hurt property values in the short term, but as long as you don't plan on selling in the short term, this isn't that big of a deal. House prices will eventually recover, and rental ...

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