question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
2539 | How does refinancing work? | [
"104857",
"411572",
"474059"
] | [
"\"A re-financing, or re-fi, is when a debtor takes out a new loan for the express purpose of paying off an old one. This can be done for several reasons; usually the primary reason is that the terms of the new loan will result in a lower monthly payment. Debt consolidation (taking out one big loan at a relatively ... |
2541 | Why don't some places require a credit card receipt signature, and some do? | [
"434633",
"21338",
"195920"
] | [
"This is basically done to reduce costs and overhead, with agreement of the credit card issuers. When the card is physically present and the charge is low, the burden of keeping the signed receipts and of additional delays at the cash register is not worth the potential risk of fraud. Depending on the location and ... |
2543 | What ETF best tracks the price of gasoline, or else crude oil? | [
"98230",
"233223",
"254556"
] | [
"There is no ETF that closely tracks oil or gasoline. This is because all existing oil and gasoline ETFs hold futures contracts or other derivatives. Storing the oil and gasoline would be prohibitively costly. Futures contracts are prone to contango and backwardation, sometimes resulting in large deviations from th... |
2544 | Any extra fees charged by passive stock and bond ETFs on top of the standard fees? | [
"34689"
] | [
"Brokers will have transaction fees in addition to the find management fees, but they should be very transparent. Brokering is a very competitive business. Any broker that added hidden fees to their transactions would lose customers very quickly to other brokers than can offer the same services. Hedge funds are a ... |
2545 | Should the bank cover money lost due to an unsuccessful transfer? | [
"110242"
] | [
"Since the transaction was not your bank's mistake (but a decision by the Indian government) why should your bank bear the cost of the unsuccessful transaction? Your bank charged a fee for a service that you were willing to pay for. You might be able to negotiate a full or partial refund, and I have done the same w... |
2546 | What's the fuss about Credit Score / History? | [
"421379",
"423809",
"229534",
"42491",
"249462",
"165904",
"514581"
] | [
"Simply staying out of debt is not a good way of getting a good credit score. My aged aunt has never had a credit card, loan or mortgage, has always paid cash or cheque for everything, never failed to pay her utility bills on time. Her credit score is lousy because she has never had any debts to pay off so there ... |
2547 | Can I use FOREX markets to exchange cash? | [
"177250",
"61985"
] | [
"Because the standard contract is for 125,000 euros. http://www.cmegroup.com/trading/fx/g10/euro-fx_contractSpecs_futures.html You don't want to use Microsoft as an analogy. You want to use non financial commodities. Most are settled in cash, no delivery. But in the early 80's, the Hunt brothers caused a spectacul... |
2552 | Does cash back apply to online payments with credit card | [
"451897"
] | [
"\"Retail purchases are purchases made at retail, i.e.: as a consumer/individual customer. That would include any \"\"standard\"\" individual expenditure, but may exclude wholesale sales or purchases from merchants who identify themselves as service providers to businesses. Specifics of these limitations really dep... |
2553 | Are there any banks in Europe that I can have an account without being in that country? | [
"484535",
"574711"
] | [
"Opening account in foreign bank is possible, but you must have strong proofs you use it for legitimate purposes. More chances to get an account if you visit Europe and able to stay, for example, for a week, to visit bank in person and wait for all the checks and approvals. Also keep in mind that there will be depo... |
2554 | Is there a way to monitor when executives or leaders in a company sell off large holdings? | [
"406481",
"306961"
] | [
"Exec Insiders have to file with the SEC and some sites like secform4.com track it. But many insiders have selling programs where the sell the same amount every month or quarter so you would have to do your homework to determine if there are real signals in the activity.",
"SEC Form 3 and SEC Form 4 are filed whe... |
2559 | Why is the breakdown of a loan repayment into principal and interest of any importance? | [
"40897",
"132274",
"114875",
"419356",
"183891",
"75636"
] | [
"The breakdown between how much of your payment is going toward principal and interest is very important. The principal balance remaining on your loan is the payoff amount. Once the principal is paid off, your loan is finished. Each month, some of your payment goes to pay off the principal, and some goes to pay... |
2560 | What are the reasons to get more than one credit card? | [
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"193449",
"164795",
"411479"
] | [
"",
"In the case of reward cards, different cards may offer different rewards for different kind of purchases. For example, in the UK, one of the Amex cards offers 1.25% cashback on all purchases, whereas one of the Santander cards offers 3% on fuel, 2% or 1% on certain other transactions, and nothing on others. ... |
2561 | Buy and sell stock at specific earnings | [
"375706"
] | [
"Enjoy the free trades as long as they last, and take advantage of it since this is no longer functionally a tax on your potential profits. On a side note, RobinHood and others in the past have roped customers in with low-to-zero fee trades before changing the business paradigm completely or ceasing operations. Al... |
2563 | Why must identification be provided when purchasing a money order? | [
"433035"
] | [
"The Bank Secrecy Act of 1970 requires that banks assist the U.S. Gov't in identifying and preventing money laundering. This means they're required to keep records of cash transactions of Negotiable Instruments, and report any such transactions with a daily aggregate limit of a value greater than (or equal to?) $10... |
2565 | What are the financial advantages of living in Switzerland? | [
"219004",
"74648",
"334343",
"561988",
"485478",
"368840",
"517804"
] | [
"The cost of living is quite high in New York City. It has the highest CPI (Consumer Price Index) of any city in the U.S. Salaries also tend to be highest in NYC. Just about any bicycle lock sold in the U.S. has an exception in its warranty for NYC. It is the most populous American city. So, why do people deal ... |
2570 | Best way to start investing, for a young person just starting their career? | [
"206285",
"315666",
"400714",
"516782",
"245168",
"334491",
"576890",
"274400",
"519750",
"117801",
"250027",
"209843",
"55513",
"472328"
] | [
"\"First off, I highly recommend the book Get a Financial Life. The basics of personal finance and money management are pretty straightforward, and this book does a great job with it. It is very light reading, and it really geared for the young person starting their career. It isn't the most current book (pre re... |
2571 | Foreign company incorporated in US and W9 | [
"195640"
] | [
"According to the W9 instructions you are considered a U.S. person if: According to the following section, it looks like a C corporation may be easier then an LLC: All of this information can be found here: http://www.irs.gov/pub/irs-pdf/fw9.pdf Hope this helps!"
] |
2572 | What special considerations need to be made for a US citizen who wishes to purchase a house in Canada? | [
"141738"
] | [
"\"About deducting mortgage interest: No, you can not deduct it unless it is qualified mortgage interest. \"\"Qualified mortgage interest is interest and points you pay on a loan secured by your main home or a second home.\"\" (Tax Topic 505). According to the IRS, \"\"if you rent out the residence, you must use i... |
2573 | What effect would a company delisting from the LSE to move to china have on shareholders? | [
"404852",
"402332"
] | [
"Source Rule 41 of the AIM Rules sets out the procedure for delisting. In summary, a company that wishes to cancel the right of any of its trading securities must: The notification to the Exchange should be made by the company’s nominated adviser and should be given at least 20 business days prior to the intended ... |
2575 | How long should I keep my tax documents, and why? | [
"576985",
"163168"
] | [
"How long you need to keep tax records will depend on jurisdiction. In general, if you discard records in a period of time less than your tax authority recommends, it may create audit problems down the road. ie: if you make a deduction supported by business expense receipts, and you discard those receipts next year... |
2577 | Why are typical 401(k) plan fund choices so awful? | [
"85658",
"535972",
"301616",
"205224"
] | [
"401k choices are awful because: The best remedy I have found is to roll over to an IRA when changing jobs.",
"I would point this out to the committee or other entity in charge of handling this at work. They do have a fiduciary responsibility for the participant's money and should take anything reasonable serious... |
2578 | Making higher payments on primary residence mortgage or rental? | [
"123971",
"247449",
"212320",
"174987",
"491923"
] | [
"You're in the same situation I'm in (bought new house, didn't sell old house, now renting out old house). Assuming that everything is stable, right now I'd do something besides pay down your new mortgage. If you pay down the mortgage at your old house, that mortgage payment will go away faster than if you paid dow... |
2583 | EIN for personal LLC: Is this an S-Corp? | [
"504317"
] | [
"Having an EIN does not make the LLC a corporation -- your business can have an EIN even when treated like a sole proprietorship. An EIN is required to have a Individual 401(k), for example. But you can still be an LLC, taxed as a sole proprietor, and have a 401(k). You would need to file a Form 2553 with the IRS t... |
2585 | What are institutional investors? | [
"353653",
"538262"
] | [
"\"Professional investors managing large investment portfolios for \"\"institutions\"\" -- a college, a museum, a charitable organization, et cetera. I'm not sure whether those managing investments for a business are considered institutional investors or not. The common factor tends to be large to immense portfolio... |
2592 | What is the added advantage of a broker being a member of NFA in addition to IIROC | [
"309250"
] | [
"\"This shows that in each market (US and Canada) the company is registered with the appropriate regulatory organization. OANDA is registered in the US with the National Futures Association which is a \"\"self-regulatory organization for the U.S. derivatives industry\"\". OANDA Canada is registered in Canada with I... |
2594 | tax deduction for 30k loan | [
"391251"
] | [
"The loan itself is not tax deductible; unless you took it as part of a mortgage, anyway, it's just a regular loan. Mortgage and Student Loan Interest deductions are special cases explicitly given tax-deductible status; other loans are not deductible (unless part of a business expense or other qualifying reason). ... |
2596 | How much life insurance do I need? | [
"247074",
"465283",
"145614",
"306600"
] | [
"\"If I remember the information in \"\"The Wealthy Barber\"\" correctly, he said: And as someone once said to me, \"\"make sure you're worth more alive than dead!\"\" :-)\"",
"After some thought, I follow Dave Ramsey's advice because it's simple and I can do the math in my head - no online calculator needed. :)... |
2597 | Is there a catch to offers of $100 when opening up a new checking account? | [
"310844",
"255731"
] | [
"There's no catch. Banks need to acquire customers just like any other business. One common way to acquire new customers is by advertising on the radio, TV, print, etc. Another common way to acquire new customers is by offering incentives like the one you linked to. Basically, PNC is confident that they will make m... |
2599 | What are online payment options with no chargeback protection? | [
"204807"
] | [
"Generally there's no ultimate protection against charge backs. Some methods are easier to charge back and some harder, and there's always the resort of going to courts. The hardest to contest is, of course, a cash payment or wire transfer. You need to remember that imposing unnecessary/unreasonable difficulties on... |
2601 | Shorting: What if you can't find lenders? | [
"458907",
"103130",
"386537"
] | [
"\"If you can't find anyone to lend you the shares, then you can't short. You can attempt to raise the interest rate at which you will borrow at, in order to entice others to lend you their shares. In practice, broadcasting this information is pretty convoluted. If there aren't any stocks for you to buy back, then ... |
2602 | Should I get an accountant for my taxes? | [
"325348",
"450933",
"266567"
] | [
"\"A reason to get an accountant is to avoid penalties for possible mistakes. That is, if you make a mistake, the IRS can impose penalties on you for negligence. If the professional makes the SAME mistake, the burden of proof for \"\"negligence\"\" shifts to the IRS, which probably means that you'll pay more taxes ... |
2603 | What's the difference between TaxAct and TurboTax? | [
"361908",
"288438",
"570636",
"592309"
] | [
"I prefer TaxAct. I find it simpler to use and more helpful in helping answer the questionnaire. I have a fairly complex tax return and it handles it just fine.",
"I typed my information into both last year, and while they were not exactly the same, they were within $10 of each other. For my simple 2009 taxes the... |
2604 | Do I need to pay tax on the amount of savings I have in the bank? | [
"250603",
"192612"
] | [
"In India, assuming that you have already paid relevant [Income/Capital gains] tax and then deposited the funds into your Bank [Savings or Current] Account; there is NO INCOME tax payable for amount. Any interest earned on this amount is taxable as per Income Tax rules and would be taxed at your income slabs. W... |
2605 | When are stock trade fees deducted? | [
"455242",
"552586"
] | [
"Typically the fees are charged when the order is executed. The only catch I have ever ran into is when an order is partially executed. A good-till-cancel order that gets executed in several blocks over multiple days may get charged a separate commission for each day (but typically not each block). If this is a s... |
2606 | Where to categorize crypto-currencies | [
"594655"
] | [
"\"Forex. I will employ my skill for \"\"suspension of disbelief\"\" and answer with no visceral reaction to Bitcoin itself. The Euro is not an 'investment.' It's a currency. People trade currencies in order to capture relative movements between pairs of currencies. Unlike stocks, that have an underlying business a... |
2608 | How smart is it really to take out a loan right now? | [
"466745",
"511515",
"390474",
"443413",
"209865",
"257552",
"52735"
] | [
"but I can't help but feel that these low rates are somehow a gimmick to trick people into taking out loans Let me help you: it's not a feeling. That's exactly what it is. Since the economy is down, people don't want to jeopardize what they have, and keep the cash in their wallets. But, while keeping the money sa... |
2609 | In a house with shared ownership, if one person moves out and the other assumes mortgage, how do we determine who owns what share in the end? | [
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] | [
"This is something you should decide as part of entering a partnership with someone. Ideally before you make the initial purchase you have a detailed contract written up. If you have already bought the house and someone is now ready to move out the easiest thing to do is sell the house. If that is not an option, y... |
2613 | What is meant by “unexpected expenses” in my 401k plan? | [
"168886"
] | [
"IANAL, but it sounds like indemnification language. They are saying they have the option to charge expenses to participants if they would like. It should say explicitly (you mention that it does) who the 'default payer' is. Unexpected expenses could be anything that's not in the normal course of business. I know t... |
2615 | Earning salary from USA remotely from New Zealand? | [
"593197",
"322906"
] | [
"\"Can the companies from USA give job to me (I am from New Zealand)? Job as being employee - may be tricky. This depends on the labor laws in New Zealand, but most likely will trigger \"\"nexus\"\" clause and will force the employer to register in the country, which most won't want to do. Instead you can be hired ... |
2616 | Live in Oregon and work in Washington: Do I need to file Oregon state taxes? | [
"430240",
"588591"
] | [
"Yes. Here's the answer to this question from oregon.gov: 3. I am moving into Oregon. What income will be taxed by Oregon? As an Oregon resident, you are taxed on ALL income regardless of the source of the income. This includes, but is not limited to: You may need to pay estimated taxes if you don't have Oregon ... |
2618 | How smart is it to really be 100% debt free? | [
"32177",
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"446196",
"537171",
"37852",
"284386",
"486161",
"366571",
"88190",
"301489"
] | [
"If you can borrow for an asset that gives you income that's more than the cost of carrying the debt, then go for it. But the kinds of debts you have now aren't those kinds of debt, so get rid of them.",
"\"Debt increases your exposure to risk. What happens if you lose your job, or a major expense comes up and y... |
2619 | Can't the account information on my checks be easily used for fraud? | [
"62465",
"537068",
"517428",
"233781",
"319786",
"402581",
"584258"
] | [
"Yes, and there are almost no checks (no pun intended) on people pulling money from your account using a routing number. It is an EXTREMELY insecure system. If you want a real Halloween scare, read this article: Easy Check Fraud Technique Draws Scrutiny. Unfortunately you just have to live with it. If you are curio... |
2620 | How to share income after marriage and kids? | [
"514129",
"386720",
"366444",
"273390",
"91147",
"581675",
"289002",
"352613",
"269401",
"170871",
"392660",
"470232",
"549868",
"506991",
"348353",
"177362",
"368315"
] | [
"\"My suggestion would be that you're looking at this the wrong way, though for good reasons. Once you are a family, you should - and, in most cases I've seen, will - think of things differently than you do now. Right now, your post above is written from a selfish perspective. Not to be insulting, and not implyin... |
2622 | Is the gross amount of US debt dangerous for the small investor? | [
"61792"
] | [
"\"Not a lot, directly. Your biggest direct risk is that you could buy the debt, and buy it at too high a price (i.e. too low an interest rate) and not make as much money as you ought (and maybe not enough to cover inflation, especially if you buy long-term bonds at low interest rates.) The indirect risks are mostl... |
2623 | What are some time tested passive income streams? | [
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"284469",
"429579",
"273575",
"354383",
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"589515",
"532515",
"596598"
] | [
"Dividends are a form of passive income.",
"Royalties. (Once you start getting them.)",
"Renting a house out using a management company is mostly passive income. Earning affiliate income from companies that pay on a recurring basis is closer to passive income.",
"Last year was a great opportunity for dividend... |
2624 | How secure is my 403(b)? Can its assets be “raided”? | [
"98018",
"301194"
] | [
"The simple answer is that with the defined contribution plan: 401k, 403b, 457 and the US government TSP; the employer doesn't hold on to the funds. When they take your money from your paycheck there is a period of a few days or at the most a few weeks before they must turn the money over to the trustee running the... |
2625 | How is an ETF's NAV determined? | [
"313897"
] | [
"An ETF manager will only allow certain financial organisations to create and redeem ETF shares. These are called Authorised Participants (APs). The APs have the resources to bundled up packages of shares that they already own and hold in order to match the ETFs requirements. In the case of the EDEN ETF, this po... |
2626 | Stop paying VAT on digital sales when earnings are under £81k | [
"454208"
] | [
"You can't currently avoid it. The reason the legislation was introduced was to prevent the big-name developers from setting up shop in a low-VAT country and selling apps to citizens of EU countries that would normally be paying a much higher VAT. You need to register for VAT and file quarterly nil-returns so that... |
2627 | Why do some people go through contortions to avoid paying taxes, yet spend money on expensive financial advice, high-interest loans, etc? | [
"320774",
"337876",
"266629",
"417460",
"443380"
] | [
"\"One is a choice the other is not. While they are both liabilities on the balance sheet, in the real world they are quite different. We do not feel as much ownership over our money that goes to interest payments as we do over our tax payments. Taxes pay for our government and the services it provides. Interes... |
2630 | Is housing provided by a university as employer reported on 1040? | [
"149198",
"238622",
"7632"
] | [
"To answer your question directly, this is a taxable benefit that they are providing for you in lieu of higher wages. It is taxable to the employee as income and through payroll taxes. It is taxable to the employer for their half of the payroll taxes.",
"Since you worked as an RA, the university should send you a... |
2631 | Capital Gains in an S Corp | [
"521933",
"11401",
"193485"
] | [
"These are all factually correct claims. S-Corporation is a pass-through entity, so whatever gain you have on the corporate level - is passed to the shareholders. If your S-Corp has capital gains - you'll get your pro-rata share of the capital gains. Interest? The same. Dividends? You get it on your K-1. Earned inc... |
2632 | Why do stocks go up? Is it due to companies performing well, or what else? [duplicate] | [
"209754",
"411617",
"50141",
"445943",
"95806"
] | [
"\"The value of a stock ultimately is related to the valuation of a corporation. As part of the valuation, you can estimate the cash flows (discounted to present time) of the expected cash flows from owning a share. This stock value is the so-called \"\"fundamental\"\" value of a stock. What you are really askin... |
2637 | Does the rise in ACA premiums affect employer-provided health insurance premiums? | [
"530441",
"296571",
"268597"
] | [
"There are a lot of moving parts, individual premiums and annual increases have little to do with employer premiums and annual increases and vice versa. Most people think of XYZ insurer as a single company with a single pool of insured folks. This common knowledge isn't accurate. Insurers pool their business seg... |
2641 | What caused this drop? | [
"129481",
"122542"
] | [
"I'm going to guess that you found this because of a stock screener. This company went through a 1:20 reverse split on June 30, so every 20 shares outstanding became a single share. Where before you had 20 shares worth $100 you now have 1 share worth $100, the value of the company doesn't change because of a spli... |
2645 | How do markets “factor in” a future event? | [
"10558"
] | [
"\"At the most fundamental level, every market is comprised of buyers and selling trading securities. These buyers and sellers decide what and how to trade based on the probability of future events, as they see it. That's a simple statement, but an example demonstrates how complicated it can be. Picture a company t... |
2650 | How to secure one's effort when working on a contract? | [
"81530",
"175367"
] | [
"\"Anytime you do work without any payment until the work is complete, you are effectively extending credit to the party receiving your service. How much credit you are willing to extend will vary greatly, depending on the amount and the trustworthiness of the party. For example, if you are charging $50 for somethi... |
2655 | Is accident insurance worth it for my kids who play sports | [
"17827"
] | [
"\"The general answer to any \"\"is it worth it\"\" insurance question is \"\"no,\"\" because the insurance company is making a profit on the insurance.* To decide if you want the insurance, you need to figure out how much you can afford to pay if something happens, how much they cover, and how badly you want to tr... |
2656 | In what ways can a public company ask for money? | [
"333755"
] | [
"\"There are many different methods for a corporation to get money, but they mostly fall into three categories: earnings, debt and equity. Earnings would be just the corporation's accumulation of cash due to the operation of its business. Perhaps if cash was needed for a particular reason immediately, a business m... |
2657 | Why is it not a requirement for companies to pay dividends? | [
"20076",
"147025",
"407505",
"55920"
] | [
"The shareholders have a claim on the profits, but they may prefer that claim to be exercised in ways other than dividend payments. For example, they may want the company to invest all of its profits in growth, or they may want it to buy back shares to increase the value of the remaining shares, especially since di... |
2658 | MasterCard won't disclose who leaked my credit card details | [
"30299",
"287481",
"364269",
"508211"
] | [
"\"As indicated in comments, this is common practice in the US as well as EU. For example, in this Fox Business article, a user had basically the same experience: their card was replaced but without the specific merchant being disclosed. When the reporter contacted Visa, they were told: \"\"We also believe that t... |
2660 | What steps are required to transfer real estate into a LLC? | [
"97083"
] | [
"\"especially considering it has a mortgage on it (technically a home equity loan on my primary residence). I'm not following. Does it have a mortgage on it, or your primary residence (a different property) was used as a security for the loan? If it is HELOC from a different property - then it is really your busi... |
2663 | How Should I Go About Buying a Car? (College Student) | [
"67045"
] | [
"So you want to buy a car but have no money saved up.... That's going to be hard!! I'd suggest you get a part-time job, save up and buy a used car. Even with the minimum wage pay in the U.S., if you are in the U.S., you could save up and buy a car in less than a month. This route would be the quickest way for you t... |
2665 | Opening American credit cards while residing in the UK | [
"288993",
"360973",
"528558"
] | [
"To build a US credit record, you need a Social Security Number (SSN), which is now not available for most non-residents. An alternative is an ITIN number, which is now available to non-residents only if they have US income giving a reason to file a US tax return (do you really want to get into all that...). Assu... |
2667 | What dictates the costs of creating an options contract? (Commissions breakdown) | [
"582908"
] | [
"I'm not positive my answer is complete, but from information on my broker's website, the following fees apply to a US option trade (which I assume you're concerned with given fee in dollars and the mention of the Options Clearing Corporation): They have more detail for other countries -- see https://www.interactiv... |
2668 | Smart to buy a house in college? | [
"237301",
"494211",
"251502",
"298509",
"225106"
] | [
"\"If you don't plan to stay in it, it is never good money to try to buy a house in a bad neighborhood. The question you want to be asking is probably \"\"Is it smart to buy this piece of real estate,\"\" not \"\"is it smart to buy a house in college.\"\" In this case, it's probably not smart because you won't act... |
2670 | Non Resident Alien Spouse Treated As Resident - Self Employment Income | [
"160313"
] | [
"First, the SSN isn't an issue. She will need to apply for an ITIN together with tax filing, in order to file taxes as Married Filing Jointly anyway. I think you (or both of you in the joint case) probably qualify for the Foreign Earned Income Exclusion, if you've been outside the US for almost the whole year, in w... |
2671 | What to do when paying for an empty office space? | [
"237895",
"98372"
] | [
"This sounds obvious, but: If the landlord is easygoing, you could ask him if he's okay with you subletting the space, and then you could sublet it. Of course you may have to do some work yourself to find an appropriate tenant and make sure you're doing everything legally, but if it works, it's better than paying ... |
2672 | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | [
"149303",
"68928",
"53031",
"134632",
"427884",
"34626",
"536940"
] | [
"I have a few recommendations/comments: The trick here is to make it clear to the dealer that you will not be getting a new car from them and their only hope of making some money is to sell you your own car. You need to be prepared to walk away and follow through. DON'T buy a new car from them even if you end up tu... |
2674 | Tax on insurance payment due to car deemed as total loss? | [
"219351",
"387304"
] | [
"DJClayworth's response is generally correct. You wouldn't have to pay taxes on insurance benefits, since those are in fact bringing you whole to what you've lost. However, in some cases you do need to consider taxes. Specifically, if the insurance payout is higher than your cost basis in the lost property. While y... |
2677 | Working for recruiter on W-2 vs. working for client on 1099? | [
"32072",
"68524"
] | [
"I don't think anyone can give you a definitive answer without knowing all about your situation, but some things to consider: If you are on a 1099, you have to pay self-employment tax, while on a W-2 you do not. That is, social security tax is 12.4% of your income. If you're a 1099, you pay the full 12.4%. If you'r... |
2678 | How are derivatives different from bucket shops? | [
"457022"
] | [
"\"How are derivatives like covered warrants or CFDs different from the bucket shops that were made illegal in the US? After reading up a little on the topic, the core difference seems to be that bucket shops were basically running betting pools, with everyone betting against the operator, whereas CFDs and similar ... |
2679 | Can one be non-resident alien in the US without being a resident anywhere else? | [
"394059",
"29817",
"230566"
] | [
"\"You'll need to read carefully the German laws on tax residency, in many European (and other) tax laws the loss of residency due to absence is conditioned on acquiring residency elsewhere. But in general, it is possible to use treaties and statuses so that you end up not being resident anywhere, but it doesn't me... |
2680 | Unusual real estate market with seemingly huge rental returns | [
"178501",
"248448",
"320442"
] | [
"I would not claim to be a personal expert in rental property. I do have friends and family and acquaintances who run rental units for additional income and/or make a full time living at the rental business. As JoeTaxpayer points out, rentals are a cash-eating business. You need to have enough liquid funds to endu... |
2683 | Monthly money transfers from US to Puerto Rico | [
"361580"
] | [
"Puerto Rico: Last I checked, the Puerto Rico banking system wasn't materially different than working within the US - though some Continental US banks exclude US Territories like Guam and Puerto Rico or charge more when dealing with them. I'm not certain as to why. However, most banks don't see them any differently... |
2684 | Why do people buy insurance even if they have the means to overcome the loss? | [
"212004",
"519692",
"311252",
"272520",
"309395",
"55791",
"414583",
"397262",
"370108",
"4604"
] | [
"There are a couple of reasons that a person might choose to use insurance even if they could handle the financial loss if something went wrong. They know their risk better than the insurance company. While it might seem odd at first glance that an individual can be better at assessing risk than a large company wit... |
2686 | 401(k) lump sum distribution limited because of highly compensated employees? | [
"72672"
] | [
"It's legal. In fact, they are required to do this, assuming you are in fact a HCE (highly compensated employee) to avoid getting in trouble with the IRS. I'm guessing they don't provide documentation for the same reason they don't explain to you explicitly what the income thresholds are for social security taxes, ... |
2687 | What would a stock be worth if dividends did not exist? [duplicate] | [
"86040",
"293048",
"16562",
"568944",
"521604"
] | [
"\"Unrealistic assumption, but I'll play along. Ultimately, dividends would exist because some innovative shareholder of some company, at some time, would desire income from their investment and could propose the idea of sharing the profit. Like-minded investors also desiring income could vote for dividends to come... |
2688 | Valuing a company and comparing to share price | [
"504243"
] | [
"There are books on the subject of valuing stocks. P/E ratio has nothing directly to do with the value of a company. It may be an indication that the stock is undervalued or overvalued, but does not indicate the value itself. The direct value of company is what it would fetch if it was liquidated. For example, if y... |
2689 | How does 1099 work with my own company | [
"382908"
] | [
"Can I work on 1099 from my own company instead of on W2? The reason is on W2 I can't deduct my commute, Health Insurance and some other expenses while on 1099 I think I can able do that. Since I am going to client place to work not at my own office, I am not sure whether I should able to do that or not. If... |
2690 | Safe and cheap way to send money from Canada to South America | [
"591323"
] | [
"\"The catch with any exchange service is that you're going to involve some sort of business and they're going to want to get paid for their service. These services all come with their own exchange rates, fees, waiting periods, or requirements to even use said service. Commonly, pros towards one of those comes at t... |
2691 | What are the tax liabilities for an international transaction? | [
"342694"
] | [
"After a bit of rooting around the HMRC sites, I found this page which says this: One key difference is that digitised products are classed as electronically-supplied services for VAT and customs duties. These services are: For VAT purposes, the place of supply of these services is the country in which the customer... |
2692 | Is it worth incorporating, when working in Canada as a contractor for an employer in the US? | [
"513051"
] | [
"\"Interesting as I am in the exact same situations as yourself. I, in fact, just incorporated. You will be able \"\"save\"\" more in taxes in the end. The reason I put \"\"save\"\" in quotes, is that you don't necessarily save on taxes, but you can defer taxes. The driving factor behind this is that you specif... |
2693 | Will getting a second credit card help my credit rating? | [
"546149",
"136040",
"423871"
] | [
"This very much depends how you use that second line of credit and what your current credit is. There are of course many more combinations buy you can probably infer the impact based on these cases. Your credit score is based on your likely hood of being profitable to a creditor should they issue you credit. This... |
2699 | Is it possible as a non-Indian citizen to create an Indian bank account (denominated in rupees) that can exchange & repatriate its funds? | [
"41914"
] | [
"No, in your situation it is not possible. Mostly, only three types of accounts are available to individuals: So, a complete foreigner can open account in India, only if he is working in India, a type of Savings account, and that account too will be linked to his resident status. If he leaves work, he needs to clos... |
27 | Using business check to pay at retail | [
"537326"
] | [
"You can just buy the items personally and then submit an expense report to the company to get reimbursed. Keep all the receipts. Paying with a company check is also fine, but you might run into problems with stores not accepting checks."
] |
2702 | What should I be aware of as a young investor? | [
"320587",
"189371",
"26939",
"469519",
"317533",
"526577",
"54960",
"329466",
"133487",
"254493",
"148348",
"404732"
] | [
"\"I'm 39 and have been investing since my very early 20's, and the advice I'd like to go back and give myself is the following: 1) Time is your friend. Compounding interest is a powerful force and is probably the most important factor to how much money you are going to wind up with in the end. Save as much as you ... |
2703 | What factors should I consider in picking a bond? | [
"342485"
] | [
"just pick a good bond and invest all your money there (since they're fairly low risk) No. That is basically throwing away your money and why would you do that. And who told you they are low risk. That is a very wrong premise. What factors should I consider in picking a bond and how would they weigh against each ot... |
2704 | Do credit checks affect credit scores? | [
"54251",
"124180",
"33441",
"23016"
] | [
"There are two types of credit checks. First is the hard pull which is typically done when you apply for a credit line. The lender will hard pull your file and make his/her decision based on that. This affects your score negatively. You might lose few points for one hard inquiry. Second type is soft pull, which is ... |
2705 | Why are the banks and their customers in the United States still using checks? [duplicate] | [
"514260",
"519418",
"590668"
] | [
"Check use is declining here too, but it still has some practical advantages over electronic means:",
"Because it makes money for all parties, and because the general public is reluctant to any change. Who should have an interest to change that? People. And they have no say in it. You can actually do a lot withou... |
2706 | Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20? | [
"509978",
"68462",
"6004"
] | [
"\"Due to the issues in the Eurozone, many foreign investors were buying Swiss Francs as a hedge against a Euro devaluation. They were in effect treating the Franc like gold, silver or some other commodity with perceived intrinsic value. This causes huge problems from the Swiss, as the value of the Franc increased ... |
2707 | Are the sellers selling pre-IPO shares over these websites legitimate or fake? | [
"308964",
"120271"
] | [
"\"I think you're right that these sites look so unprofessional that they aren't likely to be legitimate. However, even a very legitimate-looking site might be a fake designed to separate you from your money. There is an entire underground industry devoted to this kind of fakery and some of them are adept at what ... |
2708 | Is gold really an investment or just a hedge against inflation? | [
"426771",
"174002",
"565782",
"556936",
"399751",
"156672",
"96351"
] | [
"The problem I have with gold is that it's only worth what someone will pay you for it. To a degree that's true with any equity, but with a company there are other capital resources etc that provide a base value for the company, and generally a business model that generates income. Gold just sits there. it doesn't... |
2711 | What is the basis of an asset that is never depreciated? | [
"31221"
] | [
"That's tricky, actually. First, as the section 1015 that you've referred to in your other question says - you take the lowest of the fair market value or the actual donor basis. Why is it important? Consider these examples: So, if the relative bought you a brand new car and you're the first title holder (i.e.: the... |
2714 | To rebalance or not to rebalance | [
"269169",
"458244",
"117696",
"469835",
"549402",
"310752"
] | [
"\"An asset allocation formula is useful because it provides a way to manage risk. Rebalancing preserves your asset allocation. The investment risk of a well-diversified portfolio (with a few ETFs or mutual funds in there to get a wide range of stocks, bonds, and international exposure) is mostly proportional to th... |
2715 | What is the interest rate online brokerages paying out tied to? | [
"72168"
] | [
"The prime rate is the interest rate banks use amongst themselves to lend money to each other only. It is used as the basis (sometimes) for what interest rate banks charge you. The prime rate is based loosely on the Fed rate. There is a committee that meets regularly to set this and other industry interest rates.... |
2716 | Selling on eBay without PayPal? | [
"364975",
"315571",
"157548",
"481063",
"44033"
] | [
"I've definitely seen a similar conversation about this, I personally don't buy from eBay (Amazon for me). So I turned to the internet to see what I could find to offer you any additional information (albeit not my personal experience). I first read this article: CodeNerdz Article and was pretty horrified by the s... |
2717 | Scam or Real: A woman from Facebook apparently needs my bank account to send money | [
"506065",
"271116",
"362721",
"437871",
"301161",
"163904",
"9737",
"18844",
"261345",
"37960"
] | [
"\"The other answers describe why this is highly likely to be a scam. This answer describes why you don't want to get involved, even in the unlikely case that it isn't a scam. I'm describing this using US law (which I'm not particularly familiar with, so if I go astray I'd suggest others fix any flaws in this answ... |
2719 | What benefits are there to having a Pension (Retirement Account) In Ireland? | [
"486367",
"18239"
] | [
"As you point out, the main benefits of a pension/retirement account over a traditional cash/taxable account are the legal and tax benefits. Most Western countries establish a specific legal definition for an account which is often taxed less or not at all relative to taxable accounts and which contains some prote... |
2720 | Why do 1099 forms take so long for brokerages to prepare and send out? | [
"475457",
"526429"
] | [
"\"There are probably many correct answers to this question, but for most people, the main reason is qualified dividends. To be a qualified dividend (and therefore eligible for lower tax rates), the dividend-paying stock or fund must be held for \"\"more than 60 days during the 121-day period that begins 60 days be... |
2721 | How do I fold side-income into our budget so my husband doesn't know? | [
"523018",
"292351",
"278711"
] | [
"\"Maybe you can just hang onto the cash and upgrade the things you buy for cash now a bit. Buy the better cut of meat, the nicer pair of shoes, etc. Since you have no trouble with bending the truth a bit.. if challenged, the shoes were \"\"on sale\"\". And no you must have lost the receipt. Not that I'm advocati... |
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