question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
2722 | Does exposure to financials in corporate bond funds make sense? | [
"414444"
] | [
"One reason a lot of bond ETFs like Financials are because of how financial companies work. They usually have amazing cash flows due to deposits and fees and therefore have little risk associated with paying their debts in the short term. The rest of VCSH contains companies with low default risk and good cash flow... |
2725 | Should I remodel or buy a bigger house? | [
"162875",
"403726"
] | [
"After a 6% commission to sell, you have $80K in equity. 20% down on a $400K house. 5% down will likely cost you PMI, and I don't know that you'll ever see a 3.14% rate. The realtor may very well have knowledge of the cost to finish a basement, but I don't ask my doctor for tax advice, and I'd not ask a realtor f... |
2726 | What should I do with my money? | [
"9479",
"465819",
"589088",
"117875",
"470692"
] | [
"\"I don't think blanket answers are very helpful. You are asking the right question when you are young! You have a large number of investment options and Australia has the Superannuation system that you can extract significant tax value from. I've not attempted to grade these with regard to \"\"risk\"\", as differ... |
2728 | Do I have to pay tax on money I earn as a tutor? | [
"172457",
"123693"
] | [
"You would be required to report it as self-employment income and pay tax accordingly. It's up to you to keep proper records (like a receipt book, for example), especially when it comes to cash. If you can't prove exactly how much you earned and the government decides to guess the amount for you then you won't li... |
2730 | Health insurance deduction on schedule C if also full time employee with w2? | [
"338582",
"583345"
] | [
"Checkout the worksheet on page 20 of Pub 535. Also the text starting in the last half of the third column of page 18 onward. https://www.irs.gov/pub/irs-pdf/p535.pdf The fact that you get a W-2 is irrelevant as far as I can see. Your self-employment business has to meet some criteria (such as being profitable) a... |
2731 | Tax for Basket with Coupon containing two different VAT rates | [
"90230"
] | [
"The vendor needs to do this using apportionment, according to the VAT rules for mixed supplies: If you make mixed supplies and the individual supplies are not liable to VAT at the same rate then you need to work out the tax value of each supply in order to calculate how much tax is due. If the tax value is b... |
2733 | Why do Americans have to file taxes, even if their only source of income is from a regular job? | [
"347010",
"482682",
"211045",
"358196",
"128980",
"519257",
"202179",
"175272",
"145353",
"160474",
"3778"
] | [
"One of the reasons, apart from historical, is that different people have different tax liabilities which the employer may not be aware of. For example, in the US we don't pay taxes in source on investment income, and there are many credits and deductions that we can't take. So if I have a child and some interest i... |
2734 | Does reading financial statements (quarterly or annual reports) really help investing? | [
"11148",
"295738",
"123356",
"373312",
"248349",
"258306"
] | [
"Reading financial statements is important, in the sense that it gives you a picture of whether revenues and profits are growing or shrinking, and what management thinks the future will look like. The challenge is, there are firms that make computers read filings for them and inform their trading strategy. If the c... |
2736 | Why is routing number called ABA/ABN number? | [
"372787",
"115702"
] | [
"The ABA number you speak of is more accurately called the Routing Transit Number. http://en.wikipedia.org/wiki/Routing_transit_number A routing transit number (RTN) is a nine digit bank code, used in the United States, which appears on the bottom of negotiable instruments such as checks identifying the finan... |
2739 | First concrete steps for retirement planning when one partner is resistant | [
"411773",
"139595",
"499606",
"441400",
"66376",
"564860"
] | [
"\"I would suggest you do three things: If you do all three of these, the time will come when \"\"2 months off to go to Italy this winter and ride bikes through wine country\"\" is something you both want to do, can afford to do, and have arranged your lives to make it feasible. Or whatever wow-cool thing you might... |
2740 | Is it practical to take actual delivery on a futures contract, and what is the process? | [
"206683",
"514406",
"35875"
] | [
"Here's a good link that can answer your question: How to take delivery of a futures contract The relevant part states: Prior to delivery day, they inform customers who have open long positions that they must either close out the position or prepare to take delivery and pay the full value of the underlying contract... |
2742 | Should I sell my individual stocks and buy a mutual fund | [
"87771",
"550319"
] | [
"\"I would normally take a cautious, \"\"it depends\"\" approach to answering a question like this, but instead I'm going to give you a blunt opinionated answer based solely on what I would do: Even the crap. Get rid of them and get into the boring low fee mutual funds. I was in a similar situation a few years ago... |
2743 | A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? | [
"451360",
"40870",
"353289",
"504178",
"277457",
"270642"
] | [
"\"You're potentially in very deep water here. You don't know who this person is that you're dealing with. Before you'd even met him, he just gave you his banking info, seemingly without a second thought. You have no idea what the sources of his money are, so what happens if the money is stolen or otherwise ille... |
2745 | How to reduce mortgage rate with low income but high assets | [
"364802",
"553277"
] | [
"\"In your shoes, I would pay off the mortgage with the after tax investments and be done. You have different goals than I do in that you want to keep the debt. So, I would start calling mortgage brokers and asking for someone who does \"\"manual underwriting\"\". Manual underwriting essentially means they us... |
2748 | Effect of Job Change on In-Progress Mortgage Application | [
"141245",
"433166",
"180773"
] | [
"Best advice is to ask your lender. That being said, if you are changing jobs, but keeping the same type of job you are usually ok and if the loan was approved before, it would still be approved. If you switch from W-2 to 1099 or vice-versa, permanent to contract, switch industries (software dev to accountant), or... |
2751 | Should I invest in a Health Insurance +1 policy from my Employer? | [
"469941",
"5840"
] | [
"\"If I read your figures correctly, then the cost difference is negligible. ($1.84 difference) The main determining factor, I'd think, would be the coverage. Do you get more, or less, coverage now than you would if you went together on the same plan? You'd both be covered, but what is the cap? Plans, and employe... |
2752 | What's the minimum revenue an LLC must make in Florida or NY states? | [
"303411"
] | [
"\"Depends on the State. In California, for example, you pay a franchise tax of $800 every year just for having LLC, and in addition to that - income tax on gross revenue. But in other States (like Wyoming, for example) there's no taxes at all, only registration fees (which may still amount to ~$100-300 a year). IR... |
2753 | Is buying or selling goods for gold or silver considered taxable? | [
"430570",
"538843",
"406511"
] | [
"\"Of course. The rationale is exactly the same as always: profit is taxed. The fact that you use intermediate barter to make that profit is irrelevant. To clarify, as it seems that you think it makes a difference that no money \"\"changed hands\"\". Consider this situation: So far your cost is $10000. How will the... |
2754 | What factors would affect the stock price of a sports team? | [
"195950"
] | [
"Costs are almost entirely salaries Apart from all the usual costs incurred by running a large, complex, business, ManU are servicing debt that is getting up around the GBP500M mark. This is debt racked up by the Glazer family since purchasing the team, as well as debt they took with them to the team. What sort o... |
2756 | Why so much noise about USA's credit rating being lowered? | [
"186185",
"337014",
"467529",
"307411",
"27429"
] | [
"Because US bonds have had the prior impression of absolute invincibility and safety that has helped the dollar become the world's reserve currency and the United States borrow essentially at will. For the people that care what S&P says, the aura of invincibility is broken and it is conceivable, in SOME universe, f... |
2757 | How can I minimize the impact of the HST? | [
"8585"
] | [
"The HST is a sales tax levied on most goods and services. It is important to realize that in both BC and Ontario, the new HST does not (in most cases) result in an increase in sales tax paid. For example, in Ontario the PST is 8% and when combined with the GST the sales tax is 13%. With the HST, the GST and PST ar... |
2758 | How is a relocation fee of more than 40k taxed? | [
"432550",
"444899"
] | [
"It is ordinary income to you. You should probably talk to a California licensed CRTP/EA/CPA, but I doubt they'll say anything different. You would probably ask them whether you can treat some of it as a refund of rent paid, but I personally wouldn't feel comfortable with that.",
"With a $40,000 payment there is ... |
2763 | Do the tax consequences make it worth it for me to hold ESPP stock? | [
"581866",
"511678",
"387035"
] | [
"To try to answer the three explicit questions: Every share of stock is treated proportionately: each share is assigned the same dollar amount of investment (1/176th part of the contribution in the example), and has the same discount amount (15% of $20 or $25, depending on when you sell, usually). So if you immedia... |
2764 | Taxes for citizen of EU country #1 living in EU country #2 and working from home for non-EU country #3? | [
"195571",
"207531"
] | [
"You will almost certainly be paying taxes in Czech Republic, short of being American of Eritrean, citizenship has little to no bearing on tax. If you are working from home, you will probably be a contractor. In Romania you would work through either an SRL or you would set up a PFA. Essentially a limited company or... |
2765 | How does sales tax holiday change tax? | [
"251411"
] | [
"I believe you are confusing sales tax with income tax. The tax holidays in the US are only for sales tax. Consumers purchasing certain goods during the tax holiday do not have to pay sales tax like they normally would. Effectively the price is slightly lower during those days with the purpose of giving people an e... |
2768 | How can one go short in Uber? | [
"2338",
"585511"
] | [
"The answer to this question is related to another question: How would I invest in Uber? Given that Uber is a privately-held company, the average investor cannot directly buy stock. However, there are some indirect methods that you can use to invest in Uber, and as a result, it is also possible to indirectly short... |
2772 | How can I improve my auto insurance score? | [
"72053",
"156595",
"485318"
] | [
"Move to a small town in an insurance friendly state. - Certian states like Florida are considered high risk for doing business for insurance companies. Get a (relatively)new midsize sedan in white, tan, or brown. These colors are the least likely to get stolen and the modern midsized sedan is considered the saf... |
2773 | Computer vendor not honoring warranty. What's the next step? | [
"364148",
"224689",
"84200"
] | [
"\"You're probably best off going to a different store to fix the computer. Right now you don't have \"\"damages.\"\" You could sue him but, there's no thing to sue for. If you sue for your original costs, you'd have to return the computer and probably only receive a portion of your original costs, less court fil... |
2774 | Why haven't there been personal finance apps or softwares that use regression modeling or A.I.? | [
"400369",
"218955",
"14219"
] | [
"What would they be trying to predict? The value YNAB and Mint provide is objective truth about what you've spent. They can force you to think about the tradeoffs inherent in budgeting by showing that you've overspent one category, and making you decide where to find the money to cover it. They can call your atten... |
2775 | Ordering from Canada, charged in CAD or USD? | [
"227897"
] | [
"Typically, businesses always charge their 'home' currency, so if the shop is in Canada, you will pay Canadian Dollars. Normally you don't have any choices either. Your credit card company will convert it to your currency, using the current international currency exchange rate (pretty good), plus a potential fee be... |
2776 | Are credit histories/scores international? | [
"346166",
"184365",
"267422",
"50080"
] | [
"Currently the credit history are not International but are local. Many countries don't have a concept of credit history yet. Having said that, if you are moving to US, depending on your history in your country, you can ask the same bank to provide you with a card and then start building history. For example in I... |
2779 | Any problem if I continuously spend my credit card more than normal people? | [
"30770",
"192176"
] | [
"How will going from 75% Credit Utilization to 0% Credit Utilization affect my credit score? might answer your question if US based. In the US, what counts is what shows on the bill. I've run $20K through a card with a $10K limit, but still ended the month under $2K by making extra payments. As long as you stay ah... |
2781 | Is there a rule of thumb to help “Sanity check” insurance costs? | [
"108461"
] | [
"Your best bet would be to find an independent Property and Casualty Insurance agent and buy through him/her. Insurance agents make a commission, yes - BUT - the cost to consumer is THE SAME whether you buy through an agent or through directly through the company. Any P&C agent would be happy to run your numbers fo... |
2786 | How long does it take for money to transfer into a mastercard? | [
"113284"
] | [
"In a nutshell, as long as they (Sparkasse) choose to. I work with banks where it happens the moment I submit the transaction (so the next screen already shows the new totals), and I work with banks that make it take 3 days. In the past, Sparkasse and Raifeissenkassen were especially famous to take a looong time ('... |
2787 | Should I stockpile nickels? | [
"585960",
"78162",
"272695",
"379642",
"403776",
"488326",
"6496",
"31477",
"557532"
] | [
"At one point it was illegal to melt silver coins in the US, but it is legal now. I don't know that will happen with copper coins, but that's what happened with silver coins. Accumulating nickels and leaving them as-is (in their spendable state) is legal. It's also a way to take physical ownership of copper. I ex... |
2793 | What are the tax implications of lending to my own LLC? | [
"320616",
"436119"
] | [
"\"It'll be just like any other loan you make, on your end, and receive, on your LLC's end. You pay taxes on the interest received, and your LLC can deduct the interest paid. Do make sure you set it up properly, however: If you want to loan money to your business, you should have your attorney draw up paperwo... |
2794 | Double-entry bookkeeping: How to account for non-monetary taxable benefits received from employer? | [
"299971"
] | [
"\"I can say that I got X dollars from an account like \"\"Income:Benefits\"\"... but where do I credit that money to? \"\"Expenses:Groceries\"\" Yes doesn't feel right, since I never actually spent that money on food, You did, didn't you? You got food. I'm guessing there's an established convention for this alrea... |
2795 | Moving 401k balance into self-directed IRA | [
"428671"
] | [
"\"Your question asks \"\"how\"\" but \"\"if\"\" may be your issue. Most companies will not permit an external transfer while still employed, or under a certain age, 55 or so. If yours is one of the rare companies that permits a transfer, you simply open an IRA with the broker of your choice. Schwab, Fidelity, eTr... |
2797 | New York State - NY Tax on Foreign Sourced Income for NY Non-Resident | [
"110862"
] | [
"\"For Non-Resident filers, New York taxes New York-sourced income. That includes: real or tangible personal property located in New York State (including certain gains or losses from the sale or exchange of an interest in an entity that owns real property in New York State); services performed in New York Stat... |
2798 | Am I responsible for an annual fee on a credit card I never picked up? | [
"161062",
"115868"
] | [
"Have you signed anything? If not - then tell them you don't know who they are and have not agreed to pay. If you did sign that piece of paper at the airport, then you have probably agreed to pay. Either way, it won't go away. As you've already discovered, ignoring things doesn't make them go away. You should make... |
2799 | Medical Bill Consolidation | [
"464477",
"295793"
] | [
"There are definitely ways to retroactively consolidate medical bills -- there's an entire industry of companies offering debt consolidation (many of which are scummy/predatory, be careful! See https://www.consumer.ftc.gov/articles/0150-coping-debt and some decent articles at http://blog.readyforzero.com/are-there-... |
28 | Tax whilst starting a business in full time employment | [
"250640"
] | [
"With a limited company, you'll have to pay yourself a salary through PAYE. With income from your other job taking you over the higher-rate threshold, you should inform HMRC of this and get a tax code of DO for the second job, meaning 40% tax (and also both employer's and employee's National Insurance) will be dedu... |
2803 | Do I have to explain the source of *all* income on my taxes? | [
"544992",
"556474",
"113543",
"285177",
"506844",
"174099",
"303246",
"327651"
] | [
"As a gift, the responsibility lays with the giver to file a 709 with their taxes for gifting to a single entity (barring certain exclusions) an amount over $14,000 within the (2017) tax year. https://www.irs.gov/pub/irs-pdf/i709.pdf If this person is a foreign entity from outside the country, you might need to pro... |
2804 | Buying a building with two flats, can I rent one out and still get a residential mortgage? | [
"16745",
"310769",
"316388",
"379368"
] | [
"It depends on the terms of the mortgage. Generally speaking, residential mortgages specifically prohibit letting out a property without the bank's express permission -- but as you say, that tends to assume that the whole property is being let, not just a part of it. Conversely, buy-to-let mortgages generally prohi... |
2806 | Which Benjamin Graham book should I read first: Security Analysis or Intelligent Investor? | [
"266706",
"12290",
"112411",
"441603",
"576894",
"190264"
] | [
"I would recommend reading Intelligent Investor first. It was written slightly more recently (1949) than Security Analysis (1934). More important is that a recently revised edition* of Intelligent Investor was published. The preface and appendix were written by Warren Buffett. Intelligent Investor is more practical... |
2807 | What exactly is a wealth management platform? | [
"419171",
"507835"
] | [
"It's a tech buzzword. OK I'm being a bit glib. A Wealth Management Platform is a software system designed to help people track their investment portfolios and research new investments. Sometimes, trusts and small investment firms will use these platforms as well but they will often have more specialized separate... |
2813 | What do I need to be aware of if I choose to resell property early (in Alberta)? | [
"569917"
] | [
"You will have no problem doing this for one home and living in it for one or two years. There's a recent court case with around six homes bought and sold by the same person in that time frame. That's what you've probably heard about. There's no hard and fast rule about when it becomes a business but here are so... |
2815 | Shifting income to 401k | [
"189978",
"29548"
] | [
"This will be difficult to achieve. It can be done, but it's very rare to have an agreement where your employer is willing to max out your contribution limit unless you are a partner in the business or a family relation. In this situation the extra employer money would probably come from a profit sharing contribut... |
2816 | Does this plan make any sense for early 20s investments? | [
"153231",
"114054",
"214901",
"159245"
] | [
"The plan doesn't make sense. Don't invest your money. Just keep it in your bank account. $5000 is not a lot, especially since you don't have a steady income stream. You only have $1000 to your name, you can't afford to gamble $4000. You will need it for things like food, books, rent, student loans, traveling, etc... |
2817 | How is someone tax exempt at Walmart in Canada? | [
"22353",
"14639"
] | [
"\"The short answer is you're tax exempt if the tax laws say you are. There are a bunch of specific exemptions based on who you are, what you're buying and why. Taking British Columbia as an example. One exemption is supplies for business use: Some exemptions are only available to certain purchasers in certain cir... |
2818 | If something is coming into my account will it be debit or credit in my account? | [
"195526",
"107833",
"23276",
"208219",
"77178",
"165103"
] | [
"\"The bank will make this even more confusing because they use the terms from their own perspective. From the bank's perspective (printed on your statements) credit: Money into your account (increases the bank's liabilities) debit: Money out of your account (decrease bank liabilities) From your perspective: It ... |
2819 | How much is university projected to cost in Canada in 18 years? | [
"390981",
"363911",
"94434",
"21626"
] | [
"For a Canadian university education, an October 2009 article at Canada.com says: [...] The study estimates the total price tag of an undergraduate degree at a whopping $137,013 for students living away from home and $101,426 for those staying at home. [...]",
"The College Board offers a calculator. (Targeted to... |
2821 | How can I improve my credit score if I am not paying bills or rent? | [
"547835",
"526477",
"15163",
"513256",
"408763",
"409927",
"253705",
"15202",
"403934",
"68431"
] | [
"For those who are looking to improve credit for the sake of being able to obtain future credit on better terms, I think a rewards credit card is the best way to do that. I recommend that you only use as many cards as you need to gain the best rewards. I have one card that gives 6% back on grocery purchases, and I ... |
2823 | Checks not cashed | [
"570995"
] | [
"You're certainly still responsible to pay what you owe the company given that: 1. for whatever reason, the recipient never received the checks. and 2. the money was credited back to you, albeit in a less than timely manner. However, if you take the time to explain the situation to the business, and show them proof... |
2824 | Changing Bank Account Number regularly to reduce fraud | [
"124191",
"104859",
"469194",
"527698"
] | [
"Couple of my friends went through a fraud agent who ran off with their money and the landlords were none the wiser. So it always pays to be a bit diligent. Are they a well known letting agents nationally ? Many agents do have different accounts to manage their properties. Yours seems a case as such probably i.e. ... |
2826 | Is it wise to invest small amounts of money short-term? | [
"118065",
"235917",
"566493",
"332719"
] | [
"You can expect about a 7% return when investing in the general market if your horizon is ten years or more. The market fluctuates, which means that you should be absolutely fine with losing 10% or more of your invested money during this period. You say yourself that: I have been setting aside money (...) into a sa... |
2827 | Car Insurance - Black box has broken and insurance company wants me to pay? | [
"78000",
"506766"
] | [
"Unless it is in the contract that you must replace it then this should be replaced by your insurance. They sent you a box that was defective, consumer grade electronics are designed for at least 85 deg C (185F) and unless they can prove your car was hotter than that they sent you a defective unit. That being said... |
2828 | Can I deduct equipment that I'm required to purchase by my employer? | [
"364938"
] | [
"It looks like you can. Take a look at these articles: http://www.googobits.com/articles/1747-taking-an-itemized-deduction-for-job-expenses.html http://www.bankrate.com/finance/money-guides/business-expenses-that-benefit-you.aspx http://www.hrblock.com/taxes/tax_tips/tax_planning/employment.html But of course, go ... |
2829 | For a single company listed in multiple exchanges in different countries, are the shares being offered the same? | [
"48269"
] | [
"\"Yes and no. There are two primary ways to do this. The first is known as \"\"cross listing\"\". Basically, this means that shares are listed in the home country are the primary shares, but are also traded on secondary markets using mechanisms like ADRs or Globally Registered Shares. Examples of this method inc... |
2830 | Is there any instrument with real-estate-like returns? | [
"113189",
"206368"
] | [
"Similarly to buying property on your own, REITs cannot get to good returns without leveraging. If you buy an investment property 100% cash only - chances are that 10% ROI is a very very optimistic scenario. If you use leveraging (i.e.: take out a mortgage) - you're susceptible to interest rate changes. REITs inves... |
2832 | What does “Settling your Debt” entail, and how does it compare to other options? | [
"463611",
"421503",
"267901"
] | [
"If you are struggling with debt and cannot realistically pay your debts off with your current level of income, these businesses offer, for a fee, to negotiate with your debt providers a sum that you can realistically afford to pay. The debt providers will consider the offer because they would rather get some money... |
2833 | Stocks taxed just for selling, or just when withdrawing? | [
"163836",
"564548",
"492053"
] | [
"Outside of a tax sheltered IRA or 401(k) type of account your transactions may trigger tax liability. However, transactions are not taxed immediately at the time of the transaction; and up to a certain limits capital gains can be offset by capital losses which can mitigate your liability at tax time. Also, remem... |
2834 | Mexican Index Mutual Funds | [
"529638"
] | [
"\"The recommendations you read were, very probably, talking about US listed funds in US dollars. The mexican Bolsa de Valores says that they list over 600 mutual funds so \"\"Yes\"\" you can invest in Mexico using Pesos if that is what you want. You need a Corredor de Bolsa or mexico broker. Here they are. Most... |
2835 | What would the broker do about this naked call option? | [
"80894",
"389501",
"500534"
] | [
"The broker would give you a margin call and get you to deposit more funds into your account. They wouldn't wait for the stock price to reach $30, but would take this action much earlier. More over it is very unrealistic for any stock to go up 275% over a few hours, and if the stock was this volatile the broker wou... |
2837 | Simple loan with a mortage as collateral | [
"232717",
"324002"
] | [
"\"Obligatory \"\"Don't do it\"\" remarks: If the guy isn't trusted enough to even show up to work, and can't get a personal loan directly from a bank (Home Equity Line of Credit would suffice), this is really setting things up for failure. What if he quits? What if you need to fire him (you know, for not showing u... |
2838 | Why do employer contributions count against HSA limits? | [
"106027",
"233794",
"240373"
] | [
"am I comparing apples and oranges? Yes - different purposes, different laws, different regulations. One rationale could be that HSA benefits are immediate while retirement benefits are deferred, so the benefit of employer contributions are not felt until retirement and thus do not need as stringent a limit, but t... |
2839 | Why should we expect stocks to go up in the long term? | [
"115814",
"7399",
"368079",
"72979",
"374737",
"571203",
"270117",
"375242",
"343803"
] | [
"Does it make sense for stocks to earn a premium indefinitely? Yes. There is good reason to think that the stock market will make money indefinitely: the stock market is the primary mechanism through which investors bear market risk, which requires compensation. If you think of all the owners of firms (stockholder... |
2840 | 2008-2009 Stock Market Crash — what caused the second drop? | [
"296365",
"523864",
"87082"
] | [
"\"The second drop was part of the same event. The short-term resurgence is often called a \"\"dead cat bounce\"\". Mongus Pong's answer is a great answer, I'm going to approach from a more anecdotal POV. Think about the fear that was in the air in Fall 2008. From my recollection, that short-term stabilization came... |
2841 | Accounting equation: does income really decrease equity? | [
"440164",
"106070",
"187586"
] | [
"\"If your income stream goes up, it would usually increase both your \"\"income\"\" term and your \"\"assets\"\" term since that money sits in your bank account as an asset. (Even more likely a combination of assets and expenses go up if you have cost associated with the increase in income.) In this case, they ba... |
2844 | Am I putting myself at any security risks by putting all my money in one bank institution? | [
"535566"
] | [
"For small amounts I wouldn't be too concerned. There are two factors I can think of: For relatively small amounts and when dealing with reputable banking institutions there should be little concern of banking with a single bank. It's what most people do."
] |
2845 | UK Ltd taxation on stocks/bonds income and real estate rent income | [
"202645"
] | [
"For stocks, bonds, ETF funds and so on - Taxed only on realised gain and losses are deductible from the gain and not from company's income. Corporate tax is calculated only after all expenses have been deducted. Not the other way around. Real estate expenses can be deducted because of repairs and maintenance. In ... |
2846 | Can anyone else make an online payment for me? | [
"450878"
] | [
"Your relative in the US could buy a pre-paid Visa (aka Visa gift card) and give you the numbers on that to pay. They're available for purchase at many grocery/convenience stores. In most (all??) cases there'll be a fee of a several dollars charged in addition to the face value of the card. The biggest headache I... |
2848 | Splitting Hackathon Prize Money to minimize tax debt | [
"103668",
"428513",
"113871"
] | [
"I would deduct all the other payments out as subcontractors, but I typically have all the paperwork and entities set up to make that applicable. In Turbotax I do this with as subcontracting expense under my business entity, but for the IRS the categories of the deductions do not matter This isn't tax advice, it is... |
2849 | RRP/list price/retail price and cars? | [
"268489"
] | [
"\"The retailer can sell for whatever price they like, with the caveats that if they consistently sell at a loss they will go out of business and if they set the price too high they will not sell anything! As you mentioned, RRP is only a recommended price, the manufacturer cannot enfore it at all for legal reasons.... |
2851 | What's a good free checking account? | [
"176836",
"84263",
"311116",
"393467",
"252978",
"580935"
] | [
"The best bank with least amount of gotchas is Alliant Credit Union. I did a lot of research and finally decided on this bank. I did a comparative study between ING, Ally and Alliant and found Alliant to be superior than the the other two. More about my study: http://www.moneycone.com/a-bank-thats-better-than-... |
2853 | In India, what is the difference between Dividend and Growth mutual fund types? | [
"15169",
"391752",
"363741",
"160140"
] | [
"\"The difference between dividend and growth in mutual funds has to do with the types of stocks the mutual fund invests in. Typically a company in the early stages are considered growth investments. In this phase the company needs to keep most of its profits to reinvest in the business. Typically once a company ge... |
2854 | Does my net paycheck decrease as the year goes on due to tax brackets filling up? | [
"134581",
"571800",
"222392",
"496395",
"386264",
"192428"
] | [
"Most countries with income tax, including the USA, design their withholding system so that in straightforward cases, tax is withheld from each month's paycheck on an annualized basis: tax for a month is calculated on the assumption that you will keep earning the same monthly amount for the rest of the year, and th... |
2855 | Can I open a Solo 401(k) if I am an independent contractor but also work part-time as an employee? | [
"181652",
"191993",
"101490"
] | [
"If you have self-employment income you can open a Solo 401k. Your question is unclear as to what your employment status is. If you are self-employed as an independent contractor, you can open a Solo 401k. You can still do this even if you also earn non-self-employment income (i.e., you are an employee and recei... |
2859 | Question about ex-dividend date timing | [
"77016"
] | [
"Here is the definition of Ex-dividend date from the SEC: Once the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on ... |
2860 | Can a company donate to a non-profit to pay for services arranged for before hand? | [
"262521",
"426639",
"416378",
"158968"
] | [
"Donations need to be with no strings attached. In this case, you make the cash donation, a deduction, and then they pay you, in taxable income. It's a wash. Why not just give them the service for free? Otherwise this is just money going back and forth.",
"\"When you say \"\"donate\"\", it usually assumes charita... |
2861 | Can I work with two or more mortgage brokers at the same time? | [
"360264",
"316149"
] | [
"While it is possible, it's not a really good use of your time or theirs. Mortgage brokers have access to dozens of lenders, can assemble deals you can't even dream of, and are much more intimately acquainted with the latest lending rule changes than you are. They are paid by the lenders to bring them business, so ... |
2863 | How to find a reputable company to help sell a timeshare? | [
"236749",
"151033",
"449863"
] | [
"You are right to be skeptical of timeshare listing companies. As you can imagine, it is very difficult to actually sell a timeshare. You know firsthand how awful they are; it takes trickery to sell them. True story: In my office building years ago, the office across the hall was occupied by a timeshare listing s... |
2864 | Is Amazon's offer of a $50 gift card a scam? | [
"459695",
"54275",
"259531",
"484991",
"115484",
"319421",
"221978",
"105787",
"349906",
"14731",
"546261"
] | [
"These kinds of credit card offers are incredibly common. More often you will get a certain reward if you spend $X within Y days of getting the card. In many cases you can take advantage of them with very little downside. However, are you responsible enough to have a credit card and be able to pay off the balance e... |
2865 | Where can I find historical ratios of international stock indexes? | [
"70185"
] | [
"I found a possible data source. It offers fundamentals i.e. the accounting ratios you listed (P/E, dividend yield, price/book) for international stock indexes. International equity indices based on EAFE definitions are maintained by Professor French of French-Fama fame, at Dartmouth's Tuck Business School website... |
2867 | What do brokerage firms do? | [
"294718",
"595261"
] | [
"Off the top of my head, a broker: While there are stock exchanges that offer direct market access (DMA), they (nearly) always want a broker as well to back the first two points I made. In that case the broker merely routes your orders directly to the exchange and acts as a custodian, but of course the details hea... |
2868 | No transaction fee ETF trades - what's the catch? | [
"381341",
"451884",
"375657"
] | [
"\"Banks often offer cash to people who open savings accounts in order to drive new business. Their gain is pretty much as you think, to grow their asset base. A survey released in 2008 by UK-based Age Concern declared that only 16% of the British population have ever switched their banks‚ while 45% of marriages no... |
2872 | Is there a NY tax form to use when one is missing a K-1 (or 1065) from an LLC? | [
"72321"
] | [
"Form 10-K is filed by corporations to SEC. You must be thinking of form 1065 (its schedule K) that a partnership (and multi-member LLC) must file with the IRS. Unless the multi-member LLC is legally dissolved, it must file this form. You're a member, so it is your responsibility, with all the other members, to mak... |
2873 | question regarding W4 | [
"597053",
"443014"
] | [
"Yes. W4 determines how much your employer will withhold from your wages. Leaving everything at default would mean that your salary is your only taxable income, and you only take default deductions. Your employee will calculate your tax withholding based on that. But, if your salary is >200k, I assume that you have... |
2875 | Increase or decrease amount to be withheld each pay period? | [
"232983"
] | [
"If you know that your tax situation is not easily handled by the standard withholding table then you can use that line to ask for additional funds be withheld. You could also ask for less money to be withheld. Why would somebody do this? They had a small side business that made them extra income, and wanted to w... |
2877 | Does working in finance firms improve a person's finance knowledge? | [
"116804",
"391146"
] | [
"It depends what you mean by financial knowledge. Often you will work in a group focused on some aspect of the company's business. As an example, I work for a company and my group works on econometric models. Although I have a degree in finance, I don't encounter or talk about corporate or personal finance. I d... |
2878 | Over the long term, why invest in bonds? | [
"140189",
"122581",
"112369",
"104254"
] | [
"\"If I don't need this money for decades, meaning I can ride out periodical market crashes, why would I invest in bonds instead of funds that track broad stock market indexes? You wouldn't. But you can never be 100% sure that you really won't need the money for decades. Also, even if you don't need it for decade... |
2879 | What does “interest rates”, without any further context, generically refer to? | [
"594667",
"483218",
"581257",
"570466",
"96396"
] | [
"\"In the United States, if someone refers to the \"\"interest rate\"\", especially if heard on news or talk radio in particular, they are almost always referring to the federal funds rate, a rate set forth and maintained by the United States Federal Reserve (the \"\"fed\"\" for short). If the fed opts to raise or ... |
2881 | Is it a good strategy to +cash out refi every six months? | [
"201968"
] | [
"\"When you refinance, there is cost (guess: around $2000-$3000) to cover lawyers, paperwork, surveys, deed insurance, etc. etc. etc. Someone has to pay that cost, and in the end it will be you. Even if you get a \"\"no points no cost\"\" loan, the cost is going to be hidden in the interest rate. That's the way tra... |
2882 | How Often Should I Chase a Credit Card Signup Bonus? | [
"118557",
"99279",
"116243"
] | [
"See the accepted answer for this question. What effect will credit card churning for frequent flyer miles have on my credit score? This does not directly answer 'how often...' that you asked, but it states that the answerer opens 5-15 accounts per year. So the answer to your question is, as often as you want, as... |
2883 | How can I get free or discounted checks for my bank account? | [
"20791",
"88952",
"597571"
] | [
"There is no reason you must buy the bank's printed check. There are many places both physical stores and on line the offer check printing. From what I've seen, the requirement is the use of a magnetic ink the bank's equipment can properly scan. I may not even be correct there if they've all gone fully optical. Th... |
2887 | 1000 pound to invest | [
"96949",
"158426",
"548467"
] | [
"Depending what your timeframe preferences are, here are a couple of options: Stock indexes: as per Fool's investing guide, historically this had the highest return / risk ratio. On a 5-year horizont, with no extra work, this seems the best option. Premium bonds, similar to most cash ISAs currently available, have ... |
2888 | Clear example of credit card balance 55 days interest-free “trick”? | [
"181855",
"504384",
"271040"
] | [
"\"Well, I answered a very similar question \"\"Credit card payment date\"\" where I showed that for a normal cycle, the average charge isn't due for 40 days. The range is 35-55, so if you want to feel good about the float just charge everything the day after the cycle closes, and nothing else the rest of the month... |
2889 | Can a recruiting agency demand information to file an I-9 before I have a job? | [
"271080"
] | [
"Unless they're the actual employers, the I-9 is none of their business. Your employer must verify your eligibility for employment on the first day of your employment, i.e.: when you find a job you'll have to fill I-9 anyway. The only reason I can think for them to do it is to verify that you're eligible for employ... |
2890 | Add $5000 to existing retirement account | [
"372014"
] | [
"You cannot contribute directly to that 401k account if you no longer work at the sponsoring company - you have to be on their payroll. You can, however, roll the 401k over into an IRA, and contribute to the IRA. Note that in both cases, you are only allowed to contribute from earned income (which includes all the... |
2894 | Is the address on 1040 and MD resident 502 my previous address in 2013 or my current address? | [
"461527"
] | [
"No, always give the most current address information to the IRS, not least because they will use this address to send you important communications, such as refund checks or notices of deficiency. Per the 1040 Instructions, you should put in your address, with no mention of past addresses. Moreover, if you will ch... |
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