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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How did Bill Gates actually make his money? ### Answer: Bill gates is founder of microsoft along with his friend allen.in microsoft as its vast empire increasing the wealth and enormous property of bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling an app, sharing income, how does it work tax-wise? ### Answer: There are a few different ways to organize this, but mostly I think you need to talk to a lawyer. The 50/50 split thing should b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating NPV for future cash inflows ### Answer: When calculating the NPV, is there anything I need to do in between the project start date outlay (Nov 2017), and the first cash inflow (July 2019)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do online referal systems work? ### Answer: Yeah, I'll take the challenge...:) How trustworthy these are and what are their sources of income? These are in fact two separate questions, but the ans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign currency conversion for international visitors to ecommerce web site? ### Answer: Central banks don't generally post exchange rates with other currencies, as they are not determined by central...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign currency conversion for international visitors to ecommerce web site? ### Answer: For manual conversion you can use many sites, starting from google (type 30 USD in yuan) to sites like xe.com ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign currency conversion for international visitors to ecommerce web site? ### Answer: You probably can get away with only updating the exchange rates once a day and specify that any prices quoted ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a sole proprietor can I charge a fee for being paid by check or card ### Answer: You can charge a fee to accept checks, although I think the better solution might be to offer a small discount for e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity or alternative compensation in an LLC? ### Answer: I'm not sure 1099-MISC is what you should expect. Equity means ownership, and in LLC context it means membership. As an LLC member, you'll get...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How common is “pass-through” health insurance? ### Answer: Even though this isn't really personal finance related I still feel like there are some misconceptions here that could be addressed. I don't...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you compare the sales of a company like Coca Cola against another company like JPMorgan Chase to figure out the best investment opportunity? ### Answer: The question isn't sales but profits. Ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there tax liabilities (in the US) for having a US bank account while I am abroad? ### Answer: I don't think so in your case. Unless the account generates so much interest income that it became rep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: quid has expressed some of the disadvantages with this approach, but there is another. Vendors will not want to give you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: Credit card fraud is an extremely (to stress, EXTREMELY) small proportion of total credit card transactions. The card is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: The other answers touch on why having two-factor auth or some other additional system is not worth it compared to simple ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: Actually in Finland on some bank + debit/credit card + online retailer combinations you type in your card details as you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: Credit cards and debit cards make up the bulk of the transactions in the US. Visa and Mastercard take a percentage of ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: This is a question with a flawed premise. Credit cards do have two-factor authentication on transactions they consider m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: A few years ago I had a US bank credit card that was serviced (all support, website, transaction issues) handled by FIA C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to receive packages pseudonymously? ### Answer: I've done this before for startup companies where I didn't want the mailing address to really obviously be my apartment or home address. Just for ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do “held” amounts appear on statements and affect balances of traditional credit cards? ### Answer: The "hold" is just placeholder that prevents you from overspending until the transaction is sett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Steps/Procedures to open an online stock trading account in the US ### Answer: Since you are not starting with a lot of cash the commissions may eat into your account. So go with somebody that has no ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to file a 1099 form for contractors associated with hobby income? ### Answer: You are expected to file 1099 for each person you pay $600 a year. I.e.: not a one time payment, but the total o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GnuCash, how do I book loan from credit card, being paid back with salary? [duplicate] ### Answer: When you pay the flight, hotel, conference attendance fees of $100: When you repay the credit card de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a custodian refuse prior-year IRA/HSA deposit postmarked April 15? ### Answer: The "must be postmarked" language might be just from the old bank itself, not from the IRS. The language I see in Pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a custodian refuse prior-year IRA/HSA deposit postmarked April 15? ### Answer: The slips from your bank for your HSA account are for an account already established and thus the bank is willing to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a custodian refuse prior-year IRA/HSA deposit postmarked April 15? ### Answer: I had a situation like this also. A client deposited an IRA check to his local P.O. prior to collection p/up, thinkin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance for a house which is not homeowners insurance? ### Answer: What you need will depend on a number of factors that aren't clear from the question. This coverage is simply called "Vacant home i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do disputed debts work on credit reports? ### Answer: You're not missing anything. Consumer protection in the US is very basic and limited, if at all. So if someone claims you owe them something, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do disputed debts work on credit reports? ### Answer: If you tell the collector that the claim isn't valid, they're obliged to go back to the creditor to verify it. Sometimes that gets a real pers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should withheld income tax be included as income? ### Answer: Does it make sense to report withheld tax income as an additional income? Is it required by the IRS? Is $T deductible? This is what is c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should withheld income tax be included as income? ### Answer: This very topic was the subject of a question on workplace SE https://workplace.stackexchange.com/questions/8996/what-can-relocation-assis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Being a 1099 for a company I part-own? ### Answer: The contract he wants me to sign states I'll receive my monthly stipend (if that is the right word) as a 1099 contractor. The right word is guarant...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need a formula to determine monthly payments received at time t if I'm reinvesting my returns ### Answer: How does compounding of annual interest work? answers this question. It's not simple compound ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need a formula to determine monthly payments received at time t if I'm reinvesting my returns ### Answer: With 10% return over three years, depositing $900 each month, in three years $34,039.30. Re. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: The main reason for paying your mortgage off quickly is to reduce risk should a crisis happen. If you don't have a house payment,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: Considering that it's common for the monthly mortgage payment to be 25% of one's income, it's an obvious advantage for that monthl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: I used to think that paying off ahead of time made sense, but I no longer do, at least in most cases. The upside is that you can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: It depends on where you are in life, and where you want to be at some point in the future, and the taxes, expenses and income at t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: The financial reasons, beyond simply owning your home outright, are: You're no longer paying interest. Yes, the interest is tax-de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: From my experience and friends' experiences, I can say that there are advantages and disadvantages for paying off your mortgage qu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: As a contractor, I have done this exact calculation many times so I can compare full time employment offers when they c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: As others have said, it depends entirely on what benefits are provided, and how much of the cost of those benefits is p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: While the other answers try to quantify the value of health care the question you ask is about employee vs contractor. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: Equation: (M x 12) + MOOP = Worst case scenario cost Where M equals the monthly cost and MOOP is the maximum out of poc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: For the person being hired this is a tricky situation. Specially with the new laws. There is no real magic number that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: You could probably see prices at one of the Obamacare websites. I'm on Obamacare in Massachusetts, and the premiums fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: Many answers here have given what look to be useful perspectives on your question. I want to point out an interesting ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: There is some magic involved in that calculation, because what health insurance is worth to you is not necessarily the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: Healthcare for the employee is more valuable to the employer than is providing healthcare for the rest of the family me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a grip on finance? ### Answer: I think this question is perfectly on topic, and probably has been asked and answered many times. However, I cannot help myself. Here are some basics howeve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hired with W-9, will I owe estimated tax quarterly? ### Answer: You must pay your taxes at the quarterly intervals. For most people the withholding done by their employer satisfies this requirement. H...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should one refuse to father in law (Chinese) when he wants to borrow money? ### Answer: In these situations, one solution is to use the "I was just about to ask you the same thing..." response. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Combined annual contribution limits for individuals [duplicate] ### Answer: You're correct about the 401(k). Your employer's contributions don't count toward the $18k limit. You're incorrect about the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Combined annual contribution limits for individuals [duplicate] ### Answer: Your contribution limit to a 401(k) is $18,000. Your employer is allowed to contribute to your 401(k), usually a "matching ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: Because the returns are not good. One of the big drivers in Australia is "negative...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: Your experience is anecdotal (outside Australia things are different). There are m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: Economy of scale on one side versus "person monetizing an illliquid asset" on the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: As other answers have pointed out, professional real estate investors do own resid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: None of the previous answers calls out an important factor to residential property...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: Your comment to James is telling and can help us lead you in the right direction: My work and lifestyle will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: To be honest I don't know how any of this work in the US so my answer will be of very limited value to yours...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: Linkedlinked, You might want to seriously take another look at the links that Chris provided you. Specifica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: I think it really depends on what work/lifestyle you are looking for. I'm sure your more than capable of goi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens when a non-U.S. citizen who's been making money from the U.S. moves to the U.S.? ### Answer: Its not for US citizens - its for US residents. If the US considers you as a tax resident - yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you declare an interest free loan? ### Answer: In principle, the US taxes both income and gifts. Simply thinking good thoughts is not necessarily sufficient to avoid filing or payment obligatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you declare an interest free loan? ### Answer: I am neither a lawyer nor a tax accountant, and if you're dealing with serious money I suggest you consult a professional. But my understanding is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding sin stock: does it make a difference? ### Answer: Yes, it does matter. You are right that lower demand for a stock will drive its price down. Lower stock prices can hurt the company. Take a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding sin stock: does it make a difference? ### Answer: This question drives at what value a shareholder actually provides to a corporation, and by extent, to the economy. If you subscribe for new ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Save money in company for next year ### Answer: As was once famously said, Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be sai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are stock indexed funds and how do they lower taxes? ### Answer: who computes the S&P 500? Standard and Poor's. Why are they sharing this information and Because that's what they do. This is a fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canadian in California - filing taxes as a non-resident ### Answer: What do you mean by "Canadian income"? Was it income paid to you as wages for the job you did in the US? Or rental/interest income i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Schedule C: where to deduct service fees on income? ### Answer: Putting them on line 10 is best suited for your situation. According to Quickbooks: Commissions and Fees (Line 10) Commissions/fees pai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recourse with Credit Card company after victimized by fraud? ### Answer: Concealing parts of a document in order to obtain a signature is illegal. The company committed signature forgery because they ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recourse with Credit Card company after victimized by fraud? ### Answer: If the business is being investigated by your state's Attorney General's office, then your first call should be to that office....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recourse with Credit Card company after victimized by fraud? ### Answer: I agree that you shouldn't give up trying to get your money back, but I strongly feel that this is not sufficient. If they are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options on the E-mini S&P 500 Futures at the CME: what's the expiry date of the underlying future? ### Answer: I don't see EWQ6 in any of your links, so I can't say for certain, but when you buy an op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When amending a tax return to include a futures loss carry back, are you not allowed to include a Schedule C? ### Answer: Is it true that you cannot amend a tax return to include both a futures loss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the former owner of my home is still using the address, can it harm me? ### Answer: Give it to your mailman to return to sender. For this kind of material, return service is always requested, and i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the former owner of my home is still using the address, can it harm me? ### Answer: Don't worry about it. One of the big banks who like to whine a lot about defaulting borrowers is sending credit c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primary residence converted to a rental property & tax implications ### Answer: You will need to look at the 27.5 year depreciation table from the IRS. It tells you how you will be able to write off t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primary residence converted to a rental property & tax implications ### Answer: Schedule E is the form you'll use. It lists nearly all deductions you can take for a rental. TurboTax Deluxe will handle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Administrator vs Broker vs Custodian for a Solo 401(k)? ### Answer: Their paperwork should help you along. Schwab is the broker and custodian, you are the administrator. There's virtually no paperwo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Faster degree with debt or slower degree with no debt? ### Answer: Basically do some math on the 2 schools. Let's say you know it will take 4 years if you go the cheaper route, at $8k/yr, plus the $30...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in a U.S.-based company with unquoted stocks, but I am a foreigner. How to do this? ### Answer: The recommendation is not to make the investment. In general, a company does not have t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in a U.S.-based company with unquoted stocks, but I am a foreigner. How to do this? ### Answer: Life would be nicer had we not needed lawyers. But for some things - you better get a p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Appropriate model for deferred costs as a line-of-credit ### Answer: There's no standard formula. You can compare the going rates on the market for unsecured LOCs and take that as the starting anchor....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct the cost of software and/or computer that I need to do my job? ### Answer: Yes, this is a miscellaneous itemized deduction. https://www.irs.gov/publications/p529/ar02.html For this to imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal for brokers to ask whether I am a beginner? ### Answer: Brokers need to assess your level of competency to ensure that they don't allow you to "bite off more than you can chew" and find y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal for brokers to ask whether I am a beginner? ### Answer: In Canada, for example, they are expected or required to find out. They call it, The “Know Your Client” rule, part of which is know...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal for brokers to ask whether I am a beginner? ### Answer: Yes, this is common and in some cases may be required. They may use it for marketing at some level, but they also use it for risk ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal for brokers to ask whether I am a beginner? ### Answer: In many places there are legal requirements to do so, essentially made to prevent brokers from selling high-risk products as if the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: There is no numerical convention in finance that I have ever seen. If you look at statements or rep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: A value of zero or a negative value makes the percent change meaningless. Saying 100% when going fro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: I'd personally display "n/a" The only other answer that makes sense to me other is "infinity" (phone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: In general, when dealing with quantities like net income that are not restricted to being positive, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: As has been said before, going from nothing to something is an infinite percent increase! It is not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: Anyone who has any business looking at growth numbers will know thay are meaningless in the first ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: In computing, you'd generally return naa%, for 'not a number'. Could you not put '-%' to show there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: What is the probability of a real occasion (meaning not just an example) being exactly zero? Even if...