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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do companies have a fiscal year different from the calendar year? ### Answer: Maybe it's just because of the foundation date. If I start a company on August 1st, I would like its FY starts on that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do companies have a fiscal year different from the calendar year? ### Answer: In addition to the company-specific annual business cycle reasons and company-specific historical reasons mentioned in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For somebody that travels the same route over and over again, what are some ways to save on airfare? ### Answer: Yapta.com will track flight prices, so you can know when a good time historically is to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For somebody that travels the same route over and over again, what are some ways to save on airfare? ### Answer: I remember when humorist Dave Barry discussed some guy who invented the software that g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantage of credit union or local community bank over larger nationwide banks such as BOA, Chase, etc.? ### Answer: Banks, the big ones, have shareholders and the board to answer to. Credit Unions h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantage of credit union or local community bank over larger nationwide banks such as BOA, Chase, etc.? ### Answer: Don't switch just because you hear people panicking on the talk shows. Banks are co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantage of credit union or local community bank over larger nationwide banks such as BOA, Chase, etc.? ### Answer: Fees mostly. BOA, for example, just announced $5/month for for all debit cards. C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I account for start-up costs that occur before incorporation? ### Answer: Yes you can. You should talk to your tax advisor re the specific expenditures that can be accounted as startup-costs (lega...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Landlord living in rental unit - tax implications? ### Answer: Does allowing family to stay at the rental jeopardize my depreciation? No, accumulated depreciation that hasn't been deducted reduces yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Landlord living in rental unit - tax implications? ### Answer: A tenant is a tenant regardless of your relationship to them, and as long as the property is classified as an investment property, you ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How were self employed folk taxed in the U.K. before 1997 ### Answer: This link: http://www.ifs.org.uk/fs/articles/ewgm_feb93.pdf (from 1996, describing the proposals for the change) seems to answer ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: If they could really do this, do you really think they would be wasting their time offering this course? You ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: Consider this thought experiment: Take 10 million people and give them each $3,000. Every day they each purch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: 10k in taser stock at $1.00 per share made those who held into the hundreds per share made millions. But think...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: The short answer is yes, it is possible to do what these classes claim, however, it is highly unlikely. For eve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: Warren Buffett pointed out that if you set 1 million monkeys to flipping coins, after ten flips, one monkey in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: I did once read a book titled "How I made a million dollars on the stock market". It sounded realistic enough t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: I made upwards of 3M from 200K by trading stocks, which I made from a business that I invested 20K in. HOWEVER...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: It's possible to make money in the market - even millions if you "play your cards right". Taking the course bei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: you'll need 25k to start or 2k in multiple accounts, that way you have access to margin, and don't have to worr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can vet / veterinary bills be considered deductions (tax-deductible) for Income Tax purposes [Canada]? ### Answer: No. Medical bills for yourself or your human companions may be: Canada Revenue Seeing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can vet / veterinary bills be considered deductions (tax-deductible) for Income Tax purposes [Canada]? ### Answer: In the US service animals are treated like durable medical equipment from a tax POV, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can dues and subscriptions expenses be deducted 100% to calculate taxable income in an LLC company? ### Answer: IRS Publication 529 is the go-to document. Without being a tax professional, I'd say if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Merrill Lynch historical stock prices - where to find? ### Answer: You could try asking Merrill Lynch, (general inquiries) :- http://www.ml.com/index.asp?id=7695_114042 So far I only found a few graph...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How feasible would it be to retire just maxing out a Roth IRA? ### Answer: Interesting. The answer can be as convoluted/complex as one wishes to make it, or back-of-envelope. My claim is that if one ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How feasible would it be to retire just maxing out a Roth IRA? ### Answer: Assuming you max-out your Roth IRA with $5000 in inflation-adjusted contributions every year from 25-65, your balance at age ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How feasible would it be to retire just maxing out a Roth IRA? ### Answer: I wouldn't settle for 10%, and I certainly wouldn't settle for a Roth. I'd recommend not retiring. I'd recommend building up...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non Resident Alien(Working full time on F1-OPT) new car sales tax deduction ### Answer: A non-resident alien is only allowed for deductions connected to producing a US-sourced income (See IRC Sec. 873...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non Resident Alien(Working full time on F1-OPT) new car sales tax deduction ### Answer: No, if you are a nonresident alien, you cannot deduct sales tax. You can only deduct state income tax. 1040NR Sc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Assessing the value of an ETF ### Answer: You seem to be assuming that ETFs must all work like the more traditional closed-end funds, where the market price per share tends—based on supply and demand—...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Assessing the value of an ETF ### Answer: You can follow the intra-day NAV of an ETF, for instance SPY, by viewing its .IV (intra-day value) ticker which tracks it's value. http://finance.yahoo.com/...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would I go about selling the stock of a privately held company? ### Answer: The easiest way to find a buyer should be to ask the company to connect you to some of their other shareholders. I imagi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would I go about selling the stock of a privately held company? ### Answer: SecondMarket attempts to add liquidity to privately held companies. You may be able to find a buyer there, but this is s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confirming that stocks are listed under my name ### Answer: The answer to your question is "no". Unless you specifically ask to receive paper share certificates, then brokers will hold your shares wit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confirming that stocks are listed under my name ### Answer: Street name is not what you think it is in the question. The broker is the owner in street name. There is no external secondary owner info...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my parents need to pay me minimum wage? ### Answer: Yes they do. Here is the main page on minimum wage for the province of British Columbia. This page lists exemptions from BC minimum wage laws, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my parents need to pay me minimum wage? ### Answer: There is actually a restriction on how high a wage they can pay you. There didn't use to be, but now it has to be reasonable for the work you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a Condominium / Apartment Building fiscally identified? ### Answer: In such cases, it has a EIN, like any business would. Even absent the rent you suggest, the condo should have reserve funds, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can preventive health checkup be claimed as a separate expense from medical expenses? ### Answer: There are 2 different things, As per IT Act, one can get "Medical Reimbursement" upto Rs 15,000 which ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can preventive health checkup be claimed as a separate expense from medical expenses? ### Answer: Deduction for Health Checkup is allowed under Section 80D and is allowed to everyone whether Salaried ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book capital losses in gnucash ### Answer: According to the gnucash guide, losses are recorded as negative transactions against Income:Capital Gains. I've followed this model in the past when dealing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book capital losses in gnucash ### Answer: It depends on whether or not you are referring to realized or unrealized gains. If the asset appreciation is realized, meaning you've sold the asset and act...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate? ### Answer: The simplest answer would be: Because they can. Wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate? ### Answer: It's mostly VAT (value added tax or sales tax). Fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate? ### Answer: In the EU prices on consumer-focussed sites* are q...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Restricting a check from being deposited via cell phone ### Answer: No, most check deposits are processed that way. Banks transmit the pictures of the checks between themselves, and allow business cus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Restricting a check from being deposited via cell phone ### Answer: I agree with you that smartphone deposits make you more vulnerable to a variety of issues. Checks are completely insecure, since any...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Restricting a check from being deposited via cell phone ### Answer: I don't see any reason to worry about a check being deposited via cell phone. There isn't anything you can write on a check to make ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: 1) People aren't always going to be able to do their occupation, or their desired hobby. 2) Government assistance, or whatever you want ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: You don't have to retire. But the US government and other national governments have programs that allow you to set aside money when you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: In addition to what others have said, I think it is important to consider that government retirement assistance (whatever it is called i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: Another thing that "retirement" lets you do is do what you love without worrying about making enough money to live on by doing it. For ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: If you can afford it, there are very few reasons not to save for retirement. The biggest reason I can think of is that, simply, you are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: I suggest that you think in terms of "financial independence" rather than retirement. You do not need to retire in the stereotypical sen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: I like many of the answers, but here is a summary of reasons: Almost everyone will retire, and it is almost certain that government or c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: In addition to the choice that saving for retirement affords - itself a great comfort - the miracle of compounding is so great that even...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: I actually really like the way you positioned this question. If you love what you are doing every day, why would you ever want to quit, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to become an investment banker? ### Answer: Apply for a job/internship to get a first impression of what it means to work in investment banking. Go to a tier one business school and try to get an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to become an investment banker? ### Answer: Since you are only 16, you still have time to mature what you will do with your life, always keep your mind opend. If you are really passionated about i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got a “personal” bonus from my boss. Do I have to pay taxes and if so, how do I go about that? ### Answer: I actually think your boss is creating a problem for you. Of course it's taxable. The things ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got a “personal” bonus from my boss. Do I have to pay taxes and if so, how do I go about that? ### Answer: Yes, it's taxable. If anyone suggests it's a gift, they are mistaken. There's a line on the 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got a “personal” bonus from my boss. Do I have to pay taxes and if so, how do I go about that? ### Answer: As others have mentioned yes it is taxable. Whether it goes through payroll and has FICA take...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got a “personal” bonus from my boss. Do I have to pay taxes and if so, how do I go about that? ### Answer: If you are in the US and a regular employee, this will have to show up on your year-end W2 fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is today's price of 15 000 Euro given 15 years ago? ### Answer: With no written agreement in place, the "right" rate is whatever both parties can agree to. I could argue that I could have investe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is today's price of 15 000 Euro given 15 years ago? ### Answer: What you are positioning as a loan was not a loan at all. Your father bought something to be delivered in the future. Your aunt doe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is today's price of 15 000 Euro given 15 years ago? ### Answer: There's often a legal basis to answer this question. For instance, Austria (guessing from your profile) currently uses a 4% Statuto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long does it take for a Tangerine no-fee money-transfer email to be delivered? ### Answer: I phoned Tangerine; they enlightened me. It generally takes 2 hours for the email to arrive. Next, the re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay taxes using bill pay from my on-line checking account? ### Answer: I wouldn't do this. There is a chance that your check could get lost/misdirected/misapplied, etc. Then you would need to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay taxes using bill pay from my on-line checking account? ### Answer: I can't speak for the US, but I've completed direct tax payments via my online bank account (for business and personal) in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay taxes using bill pay from my on-line checking account? ### Answer: And if you need to pay business taxes outside of the regular US 1040 form, you can use the IRS' Electronic Federal Tax Paym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I send money to someone on student visa in USA, will he need to pay taxes on that? ### Answer: First: I am not a tax lawyer. This is just an educated opinion; not a legally verified answer. Taxes a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I send money to someone on student visa in USA, will he need to pay taxes on that? ### Answer: If i am not wrong, any business activities such should be declared on Year End Tax filing. If your fri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a normal citizen like me when my country's dollar value goes down? ### Answer: This may make Australian exports cheaper, which can be a good thing. However it is at the expense o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a normal citizen like me when my country's dollar value goes down? ### Answer: Essentially imported goods from the country (in this case the US) that is improving against your lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a normal citizen like me when my country's dollar value goes down? ### Answer: There are several possible effects: There isn't much you could do about it. If you had enough money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a normal citizen like me when my country's dollar value goes down? ### Answer: One more effect that's not yet been mentioned is that companies based in Australia and listed on th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell a stock and buy a new one ### Answer: You have to wait for three (business) days. That's the time it takes for the settlement to complete and for the money to get to your account. If you don't wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell a stock and buy a new one ### Answer: It depends on the broker. The one I use (Fidelity) will allow me to buy then sell or sell then buy within 3 days even though the cash isn't settled from the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where I can find the exact time when a certain company's stock will be available in the secondary market? ### Answer: Twitter is planning to go public on NYSE. You'll be able to start trading once the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where I can find the exact time when a certain company's stock will be available in the secondary market? ### Answer: Very often, the word secondary market is used synonymously with the stock market a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will prices really be different for cash and cards? ### Answer: I think the question relates to the discussion here: http://clarkhoward.com/liveweb/shownotes/2010/10/05/19449/ It was always the case t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will prices really be different for cash and cards? ### Answer: There are many gas stations where I live that already have different prices if you pay for cash vs. credit. In addition, some small bus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will prices really be different for cash and cards? ### Answer: I would say minimal price differences. Stores will need to remain competative, and the difference (if any) will likely be to cover the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will prices really be different for cash and cards? ### Answer: My guess would be for small merchants there could be a small difference. For large merchants, the cash is also at a cost equivalent to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking my spending, and incoming and outgoing (i.e cashflow) ### Answer: Systems to research that may help you out: Less Accounting and Wave are great because they can import data from banks / credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking my spending, and incoming and outgoing (i.e cashflow) ### Answer: Honing in on your last question: Is there a better way? I think there is, but it would require you to change the way you han...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happened in Argentina in 2001 bank sector? did the banks closed? all or some? ### Answer: One place you might consider looking for answers is in case studies from Harvard Business School. When I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a 2 year treasury note work? ### Answer: There is a large market where notes/bills/bonds are traded, so yes you can sell them later. However, if interest rates go up, the value of any bond t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a 2 year treasury note work? ### Answer: Look at this question here. In my answer there, I put a link to an Investopedia article about the bond prices. Keep in mind that speculating over a sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a 2 year treasury note work? ### Answer: Notes and Bonds sell at par (1.0). When rates go up, their value goes down. When rates go down, their value goes up. As an individual investor, you re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1040 or 1040NR this time? ### Answer: 1040 or 1040NR depends on whether you are a resident alien or nonresident alien -- 1040/1040A/1040EZ for resident aliens, and 1040NR/1040NR-EZ for nonresident ali...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1040 or 1040NR this time? ### Answer: Since you were a nonresident alien student on F-1 visa then you will be considered engaged in a trade or business in the USA. You must file Form 1040NR. Here is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How aggressive should my personal portfolio be? ### Answer: You're completely missing the most important thing you can do: minimize fees. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How aggressive should my personal portfolio be? ### Answer: Its important to note that aggression, or better yet volatility, does not necessarily offer higher returns. One can find funds that have a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Minimizing loss during two-way currency transfers involving foreign entities ### Answer: The solution was to get a foreign bank in each country we do business in. Get a credit card processor there, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dow Jones Industrial Average (DJIA), NASDAQ 100, and S&P 500 index historical membership listing? ### Answer: Dow Jones: http://en.wikipedia.org/wiki/Historical_components_of_the_Dow_Jones_Industrial_...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good Percentage Return on Equity? ### Answer: Yes definitely Warren Buffet averaged returns of only around 21% throughout his 40 years in business. ROE of 23% is probably more than double the ROE o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is transfer of long term investment proceeds from India considered taxable in the U.S.? ### Answer: If you are a US resident (not necessarily citizen) then yes, you do have to pay capital gains taxes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does UpWork allow US companies to make payments outside of the US? ### Answer: Permanent employees are the distinct opposite of contractors. Upwork can easily have business entities (limited liab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can I get to help me roll my 401(k) into an IRA when I live overseas? ### Answer: It is typically very easy to roll a 401(k) into an IRA. Companies that provide IRA's are very experienced with it...