question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
2369 | are there any special procedures for managing non-petty cash? | [
"394154",
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] | [
"\"You manage this account just as any other account. \"\"Petty cash\"\" refers to accounts where the cash money is intended for ad-hoc purchases, where you store an amount of cash in your drawer and take it out as needed. However, other than naming it \"\"petty cash\"\", there's nothing petty about it - it's an ac... |
2371 | Is sales tax for online purchases based on billing- or shipping address? | [
"321794",
"590267",
"140118",
"207418"
] | [
"\"From Amazon's Site: \"\"If an item is subject to sales tax in the state to which the order is shipped, tax is generally calculated on the total selling price of each individual item.\"\" I'm going to trust a company of this size has this correct. Shipping address.\"",
"Apparently it's based on either the addr... |
2372 | Single employee - paying for health insurance premiums with pre-tax money | [
"223712",
"281377"
] | [
"The answer likely depends a bit on which state you are in, but this should be true for most states. I don't know anything about Pennsylvania specifically unfortunately. The Affordable Care Act created the SHOP marketplace, which allows small businesses to effectively form larger groups for group coverage purposes... |
2373 | Everyone got a raise to them same amount, lost my higher pay than the newer employees | [
"488876",
"589872",
"344888",
"90554",
"215587"
] | [
"\"Why do you think you are entitled to \"\"fairness\"\"? In this world you get what you get. I am pretty sure your employer is not paying you for how you \"\"feel\"\" either. And by-the-way turning up on time and not leaving early is not exceptional behaviour; it is expected behaviour. Bottom line: do you add more... |
2375 | FHA Reduction Notices From Third-Party Companies - Scam? Or Something To Consider? | [
"456783"
] | [
"\"This is obviously a spam mail. Your mortgage is a public record, and mortgage brokers and insurance agents were, are and will be soliciting your business, as long as they feel they have a chance of getting it. Nothing that that particular company offers is unique to them, nothing they can offer you cannot be don... |
2377 | Is there any way to buy a new car directly from Toyota without going through a dealership? | [
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] | [
"No you can't buy direct from Toyota. Largely because of many states' laws (assuming you're in the US) requiring a dealer relationship for car purchasing, read about Tesla's struggles with direct to customer sales. Secondly because Toyota corporate simply isn't set up to sell a car directly to a customer. I know ... |
2379 | Should a high-school student invest their (relative meager) savings? | [
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"You should invest in that with the best possible outcome. Right now that is in yourself. Your greatest wealth building tool, at this point, is your future income. As such anything you can do to increase your earnings potential. For some that might mean getting an engineering degree, for others it might mean st... |
2380 | Pending euro payment to a usd account | [
"36880"
] | [
"Currency exchange is rather the norm than the exception in international wire transfers, so the fact that the amount needs to be exchanged should have no impact at all. The processing time depends on the number of participating banks and their speeds. Typically, between Europe and the US, one or two business days ... |
2382 | Why would my job recruiter want me to form an LLC? | [
"222049",
"172752",
"139501",
"28894",
"260603",
"55440",
"506108"
] | [
"Your recruiter is likely trying to avoid having to pay the employer's side of employment taxes, and may even be trying to avoid having to file a 1099 for you by treating your relationship as a vendor/service provider that he is purchasing services from, which would make your pay just a business expense. It's defin... |
2387 | Meaning of capital market | [
"298998",
"433806"
] | [
"\"Just to clarify, In wikipedia when it says It is defined as a market in which money is provided for periods longer than a year They are referring to the company which is asking for money. So for example the stock market provides money to the issuing company of an IPO, indefinitely. Meaning the company that just... |
2393 | Effective returns on investment in housing vs other financial instruments | [
"564299",
"410431",
"565691"
] | [
"Then at the end, if you decide to cash in your house, you can roll the proceeds into a fancier house to avoid paying taxes on your profit. The problem is that the book was written in 1989. That comment is no longer true; that part of the tax law changed in the 1990's. Also in 1989 the maximum amount that person ... |
2396 | Apartment lease renewal - is this rate increase normal? | [
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"397749",
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"237784",
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"478221",
"121382",
"183781"
] | [
"\"Should you negotiate? Yes, what harm can it possibly do? The landlord is unlikely to come back and say \"\"Because you tried to negotiate, I'm putting the rent up by 10% instead.\"\", or to evict a paying tenant merely because they tried to negotiate. Is the proposed rent increase \"\"normal\"\"? Yes. Landlords ... |
2397 | California resident, Delaware C-Corp - Taxes for 1-person software freelancer? | [
"107536"
] | [
"Supposedly this also means that I am free from having to pay California corporate taxes? Not in the slightest. Since you (the corporate employee) reside in CA - the corporation is doing business in CA and is liable for CA taxes. Or, does this mean I am required to pay both CA taxes and Delaware fees? (In this ... |
2403 | Why would I choose a 40-Year depreciation instead of the standard 27.5-Year? | [
"324994"
] | [
"There are specific cases where you are required to use ADS: Required use of ADS. You must use ADS for the following property. Listed property used 50% or less in a qualified business use. See chapter 5 for information on listed property. Any tangible property used predominantly outside the United States during t... |
2404 | Investor returns from crowdfunding | [
"502560"
] | [
"\"Crowdfunding can be a legitimate means of funding very small startups. It is an innovative, but obviously risky, method of raising small amounts of money. As such it is now regulated by the SEC under \"\"Regulation Crowdfunding\"\" They have published guides for these types of business startups to help them with... |
2405 | Should I be claiming more than 1 exemption? | [
"208989",
"246453"
] | [
"\"It's not possible to determine whether you can \"\"expect a refund\"\" or whether you are claiming the right number of exemptions from the information given. If your wife were not working and you did not do independent contracting, then the answer would be much simpler. However, in this case, we must also fac... |
2408 | Can I transfer my West Australian rock lobster quota units into my SMSF? | [
"127697"
] | [
"SMSFs are generally prohibited from acquiring assets from related parties (whether it is purchased by the SMSF or contributed into the fund). There are some exceptions to the above rule for acquiring related party assets, including: • Listed securities (ie shares, units or bonds listed on an approved stock exchang... |
2410 | Interest on self assessment tax | [
"505692"
] | [
"Assuming you are Resident Indian. As per Indian Income Tax As per section 208 every person whose estimated tax liability for the year exceeds Rs. 10,000, shall pay his tax in advance in the form of “advance tax”. Thus, any taxpayer whose estimated tax liability for the year exceeds Rs. 10,000 has to pay his t... |
2413 | What's the best way to make money from a market correction? | [
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"What's the best strategy? Buy low and sell high. Now. A lot of people try to do this. A few are successful, but for the most part, people who try to time the market end up worse. A far more successful strategy is to save over your entire lifetime, put the money into a very low-cost market fund, and just let the av... |
2414 | Do I need to prove 'Garage Sale' items incurred a loss | [
"293404",
"299211"
] | [
"\"This is what this sounds like to me: https://www.thebalance.com/having-a-garage-sale-or-yard-sale-what-to-do-first-399030 also: http://blogs.hrblock.com/2012/07/25/garage-sale-money-does-the-irs-need-to-know/ Selling a personal item at a loss is generally not a taxable event. You cannot report it as a loss, and ... |
2418 | Where can I find definitive terms for a preferred share? | [
"218468"
] | [
"This site has the best information I could find, other than a Bloomberg terminal: Quantumonline.com QUANTUMONLINE.COM SECURITY DESCRIPTION: SCANA Corp., 2009 Series A, 7.70% Enhanced Junior Subordinated Notes, issued in $25 denominations, redeemable at the issuer's option on or after 1/30/2015 at $25 per share... |
2420 | Should we prepay our private student loans, given our particular profile? | [
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"30311",
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"221364",
"471549",
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] | [
"See my recent answer to a similar question on prepaying a mortgage versus investing in IRA. The issue here is similar: you want to compare the relative rates of funding your retirement account versus paying down your debt. If you can invest at a better rate than you are paying on your debt, with similar risk, then... |
2425 | Does investing money in other currencies help pad losses in case of a stock market crash? | [
"321941"
] | [
"If the equity market in the USA crashed, its very likely equity markets everywhere else would crash. The USA has a high number of the world's largest businesses and there are correlations between equity markets. So you need to think of equities as a global asset class, not regional. Your question is then a questio... |
2428 | how does one start an investing club (as a company)? | [
"387344",
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] | [
"\"As for the letting the \"\"wise\"\" people only make the decisions, I guess that would be a bit odd in the long run. Especially when you get more experienced or when you don't agree with their decision. What you could do, is make an agreement that always 3/4 (+/-) of the partners must agree with an investment. T... |
2429 | Is a debt collector allowed to make a hard inquiry on your credit report? | [
"573216"
] | [
"\"According to the Fair Credit Reporting Act: any consumer reporting agency may furnish a consumer report [...] to a person which it has reason to believe [...] intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving t... |
2430 | In the UK, can authors split a single advance on a book over multiple tax returns? | [
"482797"
] | [
"HMRC calls it: Averaging for creators of literary or artistic works, and it is the averaging of your profits for 2 successive years. It's helpful in situations like you describe, where income can fluctuate wildly from year to year, the linked article has the full detail, but some of the requirements are: You can u... |
2431 | How much (paper) cash should I keep on hand for an emergency? | [
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] | [
"\"Coming from an area that is hurricane prone, and seeing what happens to local businesses during evacuations/power outages/gas shortages, I think what you already have on hand should be sufficient. And it sounds like that's exactly what you're budgeting for. I'd say 2 weeks worth of fuel and food costs, with the... |
2432 | Where can I find recent information about which major shareholders changed their positions in a given stock? | [
"137694"
] | [
"For the united States forms must be submitted electronically with the Securities and Exchange Commission , they also must be posted to company websites."
] |
2434 | Bank will not accept loose change. Is this legal? | [
"115968",
"123902",
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] | [
"Is this even legal? How can a bank refuse to deposit legal tender in the United States? Legal for all debts, public or private, doesn't mean quite what I used to think, either. Per The Fed: This statute means that all United States money as identified above is a valid and legal offer of payment for debts when... |
2435 | How to measure the cost/value of an Asset in the Financial Statement | [
"282115",
"37582"
] | [
"I suggest that you use your own judgement on this. You can assign a reasonable percentage since it is impossible to monitor the hours using those assets. Example: 40 personal and 60 for business. It's really your call. I also suggest that you should be conservative on valuing the assets. Record the assets at it's ... |
2436 | 60% Downpayment on house? | [
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] | [
"Keep in mind, this is a matter of preference, and the answers here are going to give you a look at the choices and the member's view on the positive/negative for each one. My opinion is to put 20% down (to avoid PMI) if the bank will lend you the full 80%. Then, buy the house, move in, and furnish it. Keep track ... |
2438 | Why don't banks give access to all your transaction activity? | [
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"\"Things are the way they are because they got that way. - Gerald Weinberg Banks have been in business for a very long time. Yet, much of what we take for granted in terms of technology (capabilities, capacity, and cost) are relatively recent developments. Banks are often stuck on older platforms (mainframe, for... |
2439 | How do brokerage firms make money? | [
"294424"
] | [
"\"Regarding \"\"Interest on idle cash\"\", brokerage firms must maintain a segregated account on the brokerage firm's books to make sure that the client's money and the firm's money is not intermingled, and clients funds are not used for operational purposes. Source. Thus, brokerage firms do not earn interest o... |
2440 | Why do people buy stocks that pay no dividend? | [
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"370760"
] | [
"Instead of giving part of their profits back as dividends, management puts it back into the company so the company can grow and produce higher profits. When these companies do well, there is high demand for them as in the long term higher profits equates to a higher share price. So if a company invests in itself t... |
2441 | Is building a corporation a good option? | [
"487870",
"346374"
] | [
"Creating a corporation is not necessarily less taxes. In fact, you'll face the problem of double taxation, and since you must pay yourself a reasonable salary, if your corporation doesn't earn much to give you as dividend after the salary, and/or your tax bracket is low, you'll in fact may end up paying more taxes... |
2444 | Can this year's free extension-to-pay be filed electronically? IRS Form 1127 | [
"122185"
] | [
"Form 1127 (updated link) should be filed in paper (with the supporting documents) to the IRS office that has jurisdiction in the area where you live. From the instructions (see the link above): File Form 1127 with the Internal Revenue Service (Attn: Advisory Group Manager), for the area where you maintain your ... |
2446 | Why credit cards are sold through banks and not from Visa or MasterCard directly | [
"552607"
] | [
"Visa and Mastercard are not consumer-oriented companies. They do not consider individual consumers as their direct clients, and do not sell directly to them. Instead, their clients are financial institutions who participate in their networks (which is what they're selling). The institutions target the individual c... |
2447 | In a competitive market, why is movie theater popcorn expensive? | [
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"One explanation is that movie patrons are considering their total willingness to pay for the movie experience so that if the ticket price plus the market price of popcorn is less than their willingness to pay (WTP), the theater has an opportunity to extract more consumer surplus by charging higher than market pric... |
2448 | Why isn't money spent on necessities deductible from your taxes? | [
"199310",
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] | [
"\"Law is a mass of special cases, informed by but not driven by some general principles. Tax law likewise. Don't try to make it make sense; you will only confuse yourself. Not all \"\"necessities\"\" are deductable, only those which someone has explicitly passed a law to make deductable.\"",
"The answer is simp... |
2450 | My account's been labeled as “day trader” and I got a big margin call. What should I do? What trades can I place in the blocked period? | [
"49285",
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] | [
"The SEC considers a day trade to be any trade that is opened and closed within the same trading day, and considers a day trader to be any trader that completes 4 or more day trades within 5 business days. If so they would label you day trader and in the US you are required to have at least $25K in your account. Ma... |
2451 | using credit card and paying back quickly | [
"565355",
"265640"
] | [
"Yes, however you would have to wait for the $900 to actually be available in your credit card account if making the transaction from an account from another bank or provider, as it usually might take one to two business days for this to happen. If both the chequing account and credit card account are with the sam... |
2452 | Can I do periodic rollovers from my low-perfoming 401k to an IRA? | [
"554739",
"387876",
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"260272"
] | [
"\"There are certain allowable reasons to withdraw money from a 401K. The desire to free your money from a \"\"bad\"\" plan is not one of them. A rollover is a special type of withdrawal that is only available after one leaves their current employer. So as long as you stay with your current company, you cannot ... |
2453 | As an American working in the UK, do I have to pay taxes on foreign income? | [
"104128",
"510599",
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] | [
"Short answer: it's complicated. The UK govt pages on foreign income are probably your best starting point: http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/LeavingOrComingIntoTheUK/DG_10027480 As you can see, it depends on your precise residence status here. (There is a tax treaty between the UK and the US s... |
2454 | How can I find out what category a merchant falls into for my credit card's cashback program? [duplicate] | [
"341473"
] | [
"Not clear what you're asking. Are you trying to figure out their SIC/NAISC classification? That tells you the business category they fall into, but there's no simple, instant way to find that out. Much also depends on how the credit card issuer has classified them and how they arrived at that information. They ... |
2455 | Gift card fraud: To whom to report? How to recover funds? Is the party which issued me the card liable? | [
"478124",
"596284",
"129034"
] | [
"Citibank just sent me a $100 check. Here's how I got it:",
"Question 1: Who do I report such fraud to? Walmart, or their card processor. They may be in their right to require the original purchaser to do the report. Generally, credit card and debit card fraud must be reported to the bank within 60 days of the st... |
2456 | How does on-demand insurance company Trov prevent insurance fraud or high prices? | [
"262152",
"247578",
"309354",
"593760"
] | [
"Anything can be insured for the right price... this product is offered for devices at higher risk, which would be logical purpose of owner needing coverage for a specific length of time. Typically this would be a type of adverse selection, but TROV targets customers that typically would not require insurance on th... |
2457 | Personal Tax Deduction for written work to a recognized 501c3 | [
"37382"
] | [
"\"If it's work you'd be producing specifically for this organization, that would not be deductable. Per Publication 526, Charitable Deductions, \"\"You can't deduct the value of your time or services, including: … The value of income lost while you work as an unpaid volunteer for a qualified organization.\"\" On t... |
2459 | I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it? | [
"424818",
"418647",
"594531",
"490865",
"406656"
] | [
"In short - if you can't get the job without incorporating, then incorporate! Some clients will require you to be incorporated (which is why I did it 10 years ago). Essentially, for them, it's a way of distancing themselves from you to ensure they are not responsible for any monies if you don't pay your taxes. Fo... |
2461 | Working in Iran for foreign company | [
"540917"
] | [
"You should talk to a lawyer who's familiar with the matter. I'm not such a lawyer. For the best of my understanding, at least with regards to the US, the answer to all three of your questions is no. Legally, a US company cannot employ Iranian residents and transfer money to Iran. However, I know of Iranians workin... |
2463 | How can I estimate the value of private stock behind employee stock options? | [
"57800",
"70490"
] | [
"\"Okay, I'm going to give you my opinion based on experience; not any technical understanding. The options - by themselves - are pretty meaningless in terms of determining their value. The business plan going forward, their growth expectations, the additional options to be authorized, the additional preferred stoc... |
2466 | understand taxes when geting money from a project built long time ago plus my full time job | [
"11021"
] | [
"You need to register as self-employed with HMRC (it is perfectly fine to be self-employed and employed by an employer at the same time, in exactly your kind of situation). Then, when the income arrives you will need to declare it on your yearly tax return. HMRC information about registering for self-employment an... |
2467 | Filing 1040-NR when I have been outside the US the entire year? | [
"353926"
] | [
"Yes, you can still file a 1040nr. You are a nonresident alien and were: engaged in a trade or business in the United States Normally, assuming your withholding was correct, you would get a minimal amount back. Income earned in the US is definitely Effectively Connected Income and is taxed at the graduated rates... |
2468 | Is buying a lottery ticket considered an investment? | [
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] | [
"There is a clear difference between investing and gambling. When you invest, you are purchasing an asset that has value. It is purchased in the hopes that the asset will either increase in value or generate income. This definition holds true whether you are investing in shares of stock, in real estate, or in a co... |
2469 | Is there any way to pay online in a country with no international banking system | [
"70542",
"596431",
"86305"
] | [
"According to Paypal, they support transactions in Ethiopia: https://www.paypal.com/webapps/mpp/country-worldwide https://developer.paypal.com/docs/classic/api/country_codes/ However those appear to be limited to transferring money out of the country. (link) There is an article here (link) which talks about how t... |
2470 | How to incentivize a real-estate broker to find me a cheap house | [
"469149",
"481747",
"40049",
"362210"
] | [
"\"Here in the U.S., a realtor can act as a \"\"seller's agent\"\" or a \"\"buyer's agent\"\". I think what you are calling a \"\"broker\"\" in the U.S. we call a \"\"buyer's agent\"\", and this may just be a difference in terminology, from your post it sounds like the concept is the same. I am answering from a U.S... |
2474 | How can online trading platforms be trustworthly? | [
"460193",
"400540"
] | [
"In most countries trading platforms are legally required to be overseen by a regulator, in the US this is the SEC (Securities and Exchanges Commission). This regulatory oversight is required in order to operate (i.e. have clients) in that country and the company will lose the right to operate in that country if th... |
2475 | Why do banks encourage me to use online bill payment? | [
"121071",
"176172",
"564301",
"50737",
"116060"
] | [
"Another reason for banks to push this is sitckyness. Once you have all of your bills setup, its more trouble to change banks. This reduces the customer turnover rate, which lowers their costs.",
"Most transactions that the bank performs for you are electronic ACH transactions, so the costs to them are minimal ... |
2478 | Form as LLC or S Corp to reduce tax liability | [
"132738",
"215920"
] | [
"\"This is actually quite a complicated issue. I suggest you talk to a properly licensed tax adviser (EA/CPA licensed in your State). Legal advice (from an attorney licensed in your State) is also highly recommended. There are many issues at hand here. Income - both types of entities are pass-through, so \"\"earnin... |
2479 | Good at investing - how to turn this into a job? | [
"282826",
"92284",
"346373"
] | [
"Staying in Idaho, you could pursue some additional degree and try to get a job with a bank in the area as an investment advisor of some sort. However, I have doubts as to whether or not you'd be able to employ your creativity and test your own instincts in that sort of a position. If you really want to get into th... |
2480 | Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? | [
"414502",
"456155",
"255795",
"310284",
"450984"
] | [
"Ally bank has a free billpay service where you have the option of paying bills via eBills. Though I use Ally's billPay service (and I write about my experience with Ally in my blog), I haven't used eBills, but from reading your question, looks like this is what you are looking for. From Ally's site: What are eBill... |
2481 | Is Stock Trading legal for a student on F-1 Visa in USA? [duplicate] | [
"78632",
"308048",
"427916"
] | [
"As an F1 student, I have been investing (and occasionally buying and selling within few weeks) for several years, and I have never had problems (of course I report to IRS gains/losses every year at tax time). On the other hand, the officer in charge of foreign students at my school advised me to not run ads on a w... |
2482 | Does a restaurant have to pay tax on a discount? | [
"422335",
"120466"
] | [
"In almost any jurisdiction, the restaurant will pay tax on the amount after the discount. Discounting is just a selective way to reduce prices for particular clients and thus achieve some degree of price discrimination. It's no different in principle to cutting prices for everyone or having a sale or similar. It w... |
2483 | Can my brother fix his credit? | [
"274435",
"44632"
] | [
"Well, he could negotiate with the bank to pay off the loan before the foreclosure takes effect. That would obviously cost him a large pile of cash but might remove the foreclosure, and possibly the late payments, from his record. But the real answer is that, having signed the note, he should have been making sure ... |
2484 | Should I pay half a large balance this month before I get my CC statement? | [
"279534",
"32985",
"379892",
"242198"
] | [
"Utilization is near real-time. What that means is that what is reported is what is taken in terms of debt-to-income (DTI) ratios. When a mortgage broker pulls your credit, they will pull the latest balances with the minimum payments. This is what is taken to determine DTI along with your gross monthly income. If y... |
2485 | Money put down on home | [
"349607",
"447358",
"417228"
] | [
"I cannot emphasize enough how important it is, when you buy a house with someone you are not married to, to make a legal agreement on how the money should be divided when you sell. I know it's too late for you, but I write this for anyone else reading this answer. From a legal point of view, if you made no agreeme... |
2487 | Saving for retirement without employer sponsored plan | [
"346474",
"61745",
"220459"
] | [
"I'm looking for ways to geared to save for retirement, not general investment. Many mutual fund companies offer a range of target retirement funds for different retirement dates (usually in increments of 5 years). These are funds of funds, that is, a Target 2040 Fund, say, will be invested in five or six different... |
2488 | Why will the bank only loan us 80% of the value of our fully paid for home? | [
"205515",
"464355",
"392970",
"169496",
"50214",
"407353"
] | [
"To supplement existing answers: the appraised value does not necessarily represent the net amount the bank could actually recover with a foreclosure. Let's look at it from the point of view of the bank. Suppose the property appraises at $200,000 and they do what you want: loan you $200,000 with the property as co... |
2489 | Lend money at a rate linked to the prime rate | [
"484884"
] | [
"Yes. In the US these are called certificates of deposit or savings accounts. Every run-of-the-mill bank offers them. You give the bank money and in return they pay you an interest rate that is some fraction of or (negative) offset from the returns they expect to make from your money. Since most investments that... |
2490 | Is Bogleheadism (index fund investing) dead? | [
"241202",
"9465",
"402306",
"551590",
"18303",
"526859",
"445322",
"69184"
] | [
"The reports of my death have been greatly exaggerated. - Twain I use index funds in my retirement planning, but don't stick to just S&P 500 index funds. Suppose I balance my money 50/50 between Small Cap and Large Cap and say I have $10,000. I'd buy $5,000 of an S&P Index fund and $5,000 of a Russell 2000 index f... |
2491 | Is it legal to receive/send “gifts” of Non-Trivial Amounts to a “friend”? | [
"259138",
"241807",
"352120"
] | [
"\"Am I right to say that no tax needs to be given for the annual ~$130k USD, since they are considered as annual gift tax exclusion? Not only that you're wrong, but it also looks like a tax fraud, not just mere avoidance. You'll have hard time proving to any judge or jury that the gifts are \"\"in good faith\"\"... |
2492 | Why do credit cards have minimum limits? | [
"51323",
"338406",
"112516"
] | [
"I believe it's just to limit the less well-off from acquiring one. If your credit history and income do not support a $15,000 credit limit, then don't even think about applying for an Altitude Black card. If they do, then don't bother with a student card. It's primarily about market segmentation by wealth or incom... |
2493 | What mix of credit lines and loans is optimal for my credit score? | [
"98358",
"580818",
"204982"
] | [
"Over time, you'll have more loans, maybe a few store cards, mortgage, car loan, etc. I'm a fan of maximizing one's wealth, and the small rebate/reward adds up over time, so I'm not against the store cards, so long as you always pay the bill in full. As far as FICO is concerned, what they 'like' to see may not ne... |
2494 | Taxation from variations in currency | [
"342903",
"30403"
] | [
"Here is the technical guidance from the accounting standard FRS 23 (IAS 21) 'The Effects of Changes in Foreign Exchange Rates' which states: Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial rec... |
2497 | Strategies for saving and investing in multiple foreign currencies | [
"240996",
"64718",
"169847"
] | [
"If you want to use that money and maybe don't have the time to wait a few years if things should go bad, than you will definitely want to hold a good bunch of your money in the currency you buy most stuff with (so in most cases the currency of the country you live in) even if it is more volatile.",
"Evaluating t... |
25 | Claiming business expense from personal credit card | [
"107584",
"562777"
] | [
"or just input it in my accounting software along with receipts, and then when I'm doing taxes this would go under the investment or loses (is it somewhere along that line)? Yes, this. Generally, for the long term you should have a separate bank account and charge card for your business. I started my business (... |
2501 | Would there be tax implications if I used AirBnB as opposed to just renting out a unit normally? | [
"27862",
"401832",
"542400"
] | [
"There's no tax difference between using AirBnB or Craigslist or any other method to find tenants. The rules relating to occupancy and frequency may be different for some purposes if you go from yearly or monthly tenants to daily-rate tenants. Your state and local authorities may in the future try to consider you ... |
2502 | What to do if a state and federal refund is denied direct deposit? | [
"590837",
"561764"
] | [
"\"It is not allowed to pay refunds to anyone other than the taxpayer. This is due to various tax return fraud schemes that were running around. Banks are required to enforce this. If the direct deposit is denied, a check will be issued. In her name, obviously. What she does with it when she gets it is her business... |
2504 | Are there any e-commerce taxation rules in India? | [
"584074"
] | [
"There are no clear guidelines. If you are selling as individual, then what ever profit you make gets added to your overall income as you pay tax accordingly. This is true for sole proprietor or partnership kind of firms. If you are registered as a Company, the profits are taxed as business income. There may be VAT... |
2505 | Are reimbursements from company taxable,and do I need to deduct them? | [
"510144"
] | [
"\"I'm assuming that you're in the US. In that case, the answer is that it depends on how your company set up its reimbursement plan. The IRS recognizes \"\"accountable\"\" and \"\"nonaccountable\"\" plans. Accountable plans have to meet certain requirements. Anything else is nonaccountable. If you are reimbur... |
2506 | Rental Property - have someone look for you | [
"581098",
"544254"
] | [
"Many real estate agents will assist with an apartment hunt, for a suitable fee. In a hot market that may be worth the money. Then again, my best finds were always through co-workers, after the first two.",
"\"Actually sounds like an interesting concept for a business, potentially! (grin) You know, depending on w... |
2508 | How do I get a Tax Exemption Certificate for export from the US if I am in another country? | [
"585454",
"213630",
"530066"
] | [
"Assuming you are being charged sales tax, it all depends on where you take possession of the shipment. Are your suppliers shipping to a US address, say your freight forwarder, from where you handle the ongoing shipment, or directly to you in South America? If the latter, per Michael Pryor's answer, you should not ... |
2509 | Free/open source Unix software that pulls info from all my banks/brokers/credit cards? | [
"259530",
"215265",
"145650",
"529790"
] | [
"Gnucash uses aqbanking, so I'd suggest looking at aqbanking to see if it will do what you want. It seems to be actively developed (as of 26.2.2011), but the main page is in German and my German is a bit rusty... You might also try asking on the gnucash-users list.",
"\"As far as I can tell there are no \"\"out-o... |
2510 | Creating S-Corp: Should I Name My Wife as a Director/Shareholder? | [
"79129",
"423074"
] | [
"If you're creating an S-Corp for consulting services that you personally are going to provide, what would it give her to have 50% of the corporation when you're dead? Not to mention that you can just add it to your will that the corporation stock will go to her, and it will be much better (IMHO, talk to a professi... |
2511 | Why do credit cards require a minimum annual household income? | [
"61706",
"246402",
"311472",
"382591"
] | [
"Here's one reason that's being overlooked in answers so far. (@ChrisInEdmonton, this is for your comment on @Chad's answer.) How do credit card companies make money? Sure, there's interest charges, but those are offset significantly by the cost of borrowing money, and by people defaulting on their debt / entering ... |
2512 | Why is the total 401(k) contribution limit (employee + employer) so high? | [
"56558",
"120394"
] | [
"\"Because 401k's are also used by self employed. A person who has a schedule C profitable income can open a 401k and \"\"match\"\" in whatever ratio he wants, up to 25% of the net profits or the limits you stated. This allows self-employed to defer more income taxes to the future. Why only self-employed? Good ques... |
2514 | Should I take contributions out of my Roth IRA to live off of? | [
"132777",
"91215"
] | [
"Take another job. From a personal finance perspective this is the wrong reason to dip into a retirement account. You will lose so much ground towards actually retiring. Sure you won't be taxed, but you will be missing so much opportunity where that money won't be working for your retirement. The off-topic answe... |
2520 | Withdraw USD from PayPal without conversion to my home currency of EUR? | [
"549787",
"97988"
] | [
"I just tried doing that on my PP which is in the Netherlands, I have added a USD bank account (from my dutch bank) and they sent the verification amount in Euros, I called the bank and wonder why they didn't let me choose account currency they said it's not possible and if I cashout Dollars that I have in my PP (c... |
2521 | How can I determine which stores are regarded as supermarkets for a rewards credit card? | [
"140500",
"260087",
"592719",
"4340"
] | [
"Credit card companies organize types of businesses into different categories. (They charge different types of businesses different fees.) When a business first sets up their credit card processing merchant account, they need to specify the category. Here is a list of categories that Visa uses. Grocery stores and ... |
2522 | When should I walk away from my mortgage? | [
"418108",
"299446",
"289450",
"507806",
"574438",
"66665",
"53966",
"9543",
"64189",
"331653",
"385829"
] | [
"The value of debt is that it allows you to profit from the return of equity beyond the amount of actual net equity you own. Of course, this only works if the cost of borrowing is less than your return on equity. Market timing matters a great deal but isn't accounted for in this view. For my answer I would like ... |
2523 | Multi-Account Budgeting Tools/Accounts/Services | [
"195838",
"598802",
"249826",
"586875"
] | [
"IngDirect has this concept of sub accounts inside a main account - that might be perfect for what you are looking for. To clarify, you basically have one physical account with logical sub account groupings.",
"\"I sort of do this with credit cards. I actually have 4 AMEX cards that I've accumulated over the year... |
2524 | Adding a 180 day expiration to checks | [
"272807",
"498888"
] | [
"While you can print that on the check, it isn't considered legally binding. If you are concerned about a check not being deposited in a timely manner, consider purchasing a cashier's check instead. This doesn't solve the problem per se, but it transfers responsibility of tracking that check from you to the bank.",... |
2526 | Consumer Loans vs Mortgages | [
"436347",
"198562"
] | [
"I went here: Consumer Loan Law. It seems that a consumer loan is anything other than a business loan or mortgage. However, in California it seems to include a mortgage. It's a bit weird to see that a HEL can be considered a consumer loan even if it is the primary or the only loan on a property. Getting a HEL can... |
2527 | One company asks for picture of my debit card | [
"367565",
"178290",
"569026",
"13376"
] | [
"Although it is strange, there is little risk. The first four numbers are just the card type (Visa, Master, etc.), and the last four alone don't give them much - there are still 8 digits missing that they do not have. There is nothing much they can do with that info, especially without the PIN and the CCV, so as I ... |
2529 | How can I save money on a gym / fitness membership? New Year's Resolution is to get in shape - but on the cheap! | [
"85914",
"298745",
"272872",
"11722",
"593134",
"403563",
"342113"
] | [
"Shop around for Gym January is a great time to look because that's when most people join and the gyms are competing for your business. Also, look beyond the monthly dues. Many gyms will give free personal training sessions when you sign up - a necessity if you are serious about getting in shape! My gym offered a... |
2531 | Emptying a Roth IRA account | [
"277353",
"414219"
] | [
"If you have multiple accounts, you have to empty them all before you can deduct any losses. Your loss is not a capital loss, its a deduction. It is calculated based on the total amount you have withdrawn from all your Roth IRA's, minus the total basis. It will be subject to the 2% AGI treshhold (i.e.: if your AGI ... |
2532 | How does stock dilution work in relation to share volume? | [
"334162",
"584836",
"400119"
] | [
"Here is an example for you. We have a fictional company. It's called MoneyCorp. Its job is to own money, and that's all. Right now it owns $10,000. It doesn't do anything special with that $10,000 - it stores it in a bank account, and whenever it earns interest gives it to the shareholders as a dividend. Also, it ... |
2533 | US citizen sometimes residing in spain, wanting to offer consulting services in Europe, TAXES? | [
"237262"
] | [
"With something this complicated you are going to want to consult professionals. Either a professional with international experience, who will tell you the best tax arrangement overall but might come expensive, or one professional in each country who will optimize for that country. You will have to pay US taxes, an... |
2536 | How to evaluate stocks? e.g. Whether some stock is cheap or expensive? | [
"123263",
"525318",
"254541",
"148684",
"254319"
] | [
"\"If you are looking for numerical metrics I think the following are popular: Price/Earnings (P/E) - You mentioned this very popular one in your question. There are different P/E ratios - forward (essentially an estimate of future earnings by management), trailing, etc.. I think of the P/E as a quick way to grad... |
2537 | Which US services allow small/micro-payments using a credit card? | [
"409797"
] | [
"I don't know of any and it is unlikely that you will be able to find one. Most credit card processors charge a flat fee plus percentage. The flat fee is typically in the 35 cent range making the cost of doing business, in the manner you are suggesting, astronomical. Also what you are suggesting is contrary to ... |
2538 | Buying a home with down payment from family as a “loan” | [
"483480",
"236540",
"510232",
"537831",
"591163",
"305920"
] | [
"\"Say you're buying a 400K house. Your relative finances 120K (30%). Say I'm optimistic, but the real-estate market recovers, and your house is worth 600K in 5-6 years (can happen, with the inflation and all). The gain is 200K. Your relative gets 100K. You repay him 220K on 120K loan for 5 years. Roughly, 16% APR.... |
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