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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do altcoin trades count as like-kind exchanges? (Deferred capital gains tax) ### Answer: Just a thought because this is a really good question: Would the buying and selling of blockchain based digital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do altcoin trades count as like-kind exchanges? (Deferred capital gains tax) ### Answer: Like-kind of exchanges have a list of requirements. The IRS has not issued formal guidance in the matter. I rec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which state do saving interests come from? ### Answer: Most (if not all states) in the US are only interested in source income. If you worked in that state they want to tax it. Many states have recipr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exchange rate does El Al use when converting final payment amount to shekels? ### Answer: The rate for "checks and transfers" is set by each bank multiple times during the day based on the market...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exchange rate does El Al use when converting final payment amount to shekels? ### Answer: In older days the merchants and their merchant banks[or service providers] would take funds in their curr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Incorporating, issuing stock and evaluating it ### Answer: No. Mark-to-market valuation relies on using a competitive market of public traders to determine the share price --- from free-market tradin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: F1 student and eBay selling tax ### Answer: If you have income - it should appear on your tax return. If you are a non-resident, that would be 1040NR, with the eBay income appearing on line 21. Since ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of using a personal assistant service to manage your personal finances? ### Answer: Years ago I hired someone part time (not virtual however) to help me with all sorts of things. Yes it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of using a personal assistant service to manage your personal finances? ### Answer: Not knowing anything about your situation or what makes it so complex, I would have to agree with the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of using a personal assistant service to manage your personal finances? ### Answer: When you want to hire personal assistants, you must be sure that you are hiring in a trusted company o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate interest portion of income when selling a stock? ### Answer: When you sell the stock your income is from the difference of prices between when you bought the stock and when you sol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate interest portion of income when selling a stock? ### Answer: Their interest expense was $17M. Where you see $5.14/sh in Key Statistics, any daily interest received is more than can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: These are two different ways of processing payments. They go through different systems ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: It depends on your bank and your terms of service, but using the card one way or the ot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: When using a debit card in a "credit" way, you don't need to enter your PIN, which prot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: I'm surprised by all the pro-credit answers here, debit has some definite advantages. M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: Just to add about using debit card as "credit" vs "debit" way: In addition to the diffe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: Credit in debit way - the card simply functions like a debit card for that transaction ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax deductions on empty property ### Answer: A real estate business could offset income from occupied property with costs from vacant property held for speculation. For speculation, you can let a bui...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax deductions on empty property ### Answer: This doesn't sound very legal to me. Real estate losses cannot generally be deducted unless you have other real estate income. So the only case when this w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax deductions on empty property ### Answer: If the building has no income, it also probably has minimal expenses. The heat, water and electricity costs are nearly zero. They are letting the value dep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I forgot to write the name on the check ### Answer: If you forgot to put the name on the "pay to the order of" line then anybody who gets their hands on the check can add their name to the check and d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Banking using accrual method ### Answer: You would add your daily earnings every day. For example, you work full time job (8 hours a day) at $20/hour. At the end of the 1st day of the month, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do company-provided meals need to be claimed on my taxes? ### Answer: It looks like the resource to deciding these is here Concerning the meals, the law seems a bit vague to me. You can exclude the v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do company-provided meals need to be claimed on my taxes? ### Answer: I believe there is an overtime meal allowance. That is, if an employee works "overtime" (defined as 7:00 p.m. for a 9:00 start, or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do company-provided meals need to be claimed on my taxes? ### Answer: In many cases yes. In the case of an employer handing employees a credit card to use, that is clearly income if the card is used ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences among all these different versions of Vivendi? ### Answer: VIV.PA - is Vivendi listed on a stock exchange in Paris VIVEF - is Vivendi listed on the OTC Other Exchange. VIVHY -...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if a debt consolidation offer is real or a scam? ### Answer: I believe no-one who's in a legal line of business would tell you to default voluntarily on your obligations. Once you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if a debt consolidation offer is real or a scam? ### Answer: I think in such situations a good rule of thumb may be - if you are asked to pay significant sums of money upfront befo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in third world countries ### Answer: I strongly recommend you to invest in either stocks or bonds. Both markets have very strict regulations, and usually follow international standards of go...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in third world countries ### Answer: Basically, unless you are an investment professional, you should not be investing in a venture in a developing country shown to you by someone else. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Net income correlation with Stock Price ### Answer: Ideally, stock price reflects the value of the company, the dividends it is expected to pay, and what people expect the future value of the company ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Net income correlation with Stock Price ### Answer: A company's stock price will reflect the general sentiment about a company's value now and in the future. Net income is only one figure. You need to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ongoing Automatic Investment Fee ### Answer: Reading the plan documentation, yes, that is what it means. Each purchase by bank debit, whether one-time or automatic, costs $2 plus $0.06 per share; so ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you determine “excess cash” for Enterprise Value calculations from a balance sheet? ### Answer: ​​​​​You're not missing anything. Excess cash is somewhat of a nebulous concept. To different peo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you determine “excess cash” for Enterprise Value calculations from a balance sheet? ### Answer: 20% is almost certainly too high. I agree with 2%, as a very rough rule. It will vary significant...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you determine “excess cash” for Enterprise Value calculations from a balance sheet? ### Answer: Excess Cash = Cash & Equivalents + Long-Term Investments - Current Liabilities The problem this c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Giving kids annual tax free gift of $28,000 ### Answer: Why limit yourself to $28K per year? If you pay the tuition directly to the institution, it does not count against your annual or lifetime gift...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Giving kids annual tax free gift of $28,000 ### Answer: From the IRS' website: How many annual exclusions are available? The annual exclusion applies to gifts to each donee. In other words, if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Giving kids annual tax free gift of $28,000 ### Answer: If the child is a dependent the question is moot. It is accepted that the parent will pay for some, most, or all of the tuition. There is no tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can Professional Certifications be written off in taxes? ### Answer: There are a number of federal tax deductions and credits available for education expenses. They are too numerous to describe here...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trader Fostering Program on Futures Day Trading ### Answer: I am a bit at a loss as to how you can read the same book, that inspired Warren Buffet, and take away that trading 600 contracts per month ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trader Fostering Program on Futures Day Trading ### Answer: a) Contracts are for future delivery of said underlying. So if you are trading CL (crude oil) futures and don't sell before delivery date, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: Paying off your house quickly should be a #2-level priority, behind making sure you have some basic savings but definitely ahead ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: For some people, it should be a top priority. For others, there are higher priorities. What it should be for you depends on a n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: You say A #1 priority, that implies multiple #1 priorities. Long term or medium term my goal is to pay off the mortgage. But shor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: Paying off your mortgage early being good is a myth. It is great for the chronic overspenders to have their mortgage paid off so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: If you can make enough ROI from the capital you retain by not paying off your mortgage, then why not? I do, I could pay off a sig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: Math says invest in the Market (But paying off your mortgage early is a valid option if you are very risk averse.) You are going ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: Generally, paying down your mortgage is a bad idea. Mortgages have very low interest rates and the interest is tax deductable. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: The answer depends entirely on your mortgage terms - is the interest rate low, how many years left? Questions like this are about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: Highest priority compared to what? Obviously priorities should be repaying debt in the order of interest percentage. Which means...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: It is one thing to take the advice of some numb-skulls on a web site, it is another thing to take the advice of someone who is re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: Emergency funds have a very specific and obvious benefit; you'll have money sitting around in case you need it. A lot of peo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: My take on this is that this reduces your liquidity risk. Stocks, bonds and many other investment vehicles on secondary marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: There are a few major risks to doing something like that. First, you should never invest money you can't afford to lose. An e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: You're absolutely correct. If you have maxed out your retirement investment vehicles and have some additional investments in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: From a budgeting perspective, the emergency fund is a category in which you've budgeted funds for the unexpected. These are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: Given that the 6 answers all advocate similar information, let me offer you the alternate scenario - You earn $60K and have a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: I treat the concept of emergency funds as a series of financial buffers. One layer is that I have various credit cards with a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: Let me first start by defining an emergency fund. This is money which is: Because emergency's usually need to be deal with AS...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: It all depends on the liquidity of your investments some examples: You can mitigate only the risk that you can control. It is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: There are a couple of things to consider. First, in order to avoid interest charges you generally just need to pay the statement balance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Using the card but paying it off entirely at each billing cycle is the only "Good" way to use a credit card. If you feel like you will be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Credit cards have three important advantages. None of them are for day-to-day borrowing of money. Safety - Credit cards have better fraud ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: paying it off over time, which I know is the point of the card That may very well be the card issuer's goal, but it need not be yours. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Credit card interest rates are obscene. Try to find some other kind of loan for the furnishings; if you put things on the card, try to pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Everyone else seems to have focused (rightly so) on the negatives of credit cards (high interest rates) and why it is important to pay the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: One thing that has not been pointed out as a disadvantage of using Credit Cards: people tend to spend more. You can see This Study, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Note: this answer is true for the UK, other places may vary. There are a couple of uses for credit cards. The first is to use them in a r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: In the UK, using a credit card adds a layer of protection for consumers. If something goes wrong or you bought something that was actually...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: The thing you need to keep in mind is that if you take on debt, you need to have a plan to pay it off and execute on it. You also need to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: One of the more subtle disadvantages to large credit card purposes purchases (besides what the other answer mentions), is that it makes yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: never carry a balance on a credit card. there is almost always a cheaper way to borrow money. the exception to that rule is when you are o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: If you can use and pay off your credit card in full every month, there are plenty of benefits including improved credit, reward points and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: I just want to stress one point, which has been mentioned, but only in passing. The disadvantage of a credit card is that it makes it very...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: An advantage of using a major credit card is that they act as a buffer and source of recourse between you and the merchant. Cheated and th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Personally the main disadvantages are perpetuation of the credit referencing system, which is massively abused and woefully under regulate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Between now and October, your $3,000 will earn $30 in your savings account. If you are late on a payment for your 0% loan, your interest rate will skyrocket...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: I struggle with 0% interest things in my personal life. A responsible me that thinks logically says continue to pay it on time and take advantage of the be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Mathematically, the wisest choice is to invest your extra money somewhere else and not pay off your 0% loan early. An extreme example highlights this. Suppo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Pay it off. If you do so, you have the liberty to drop or reduce a portion of your collision auto insurance coverage (keeping uninsured motorist). This coul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Sometimes I think it helps to think of the scenario in reverse. If you had a completely paid off car, would you take out a title loan (even at 0%) for a few...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: The question posted was, "Should I pay off a 0% car loan"? The poster provided a few details: I'm ahead on 0% interest car loan. I don't have to make a paym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: The precise answer depends on the terms and conditions of the loan, and whether you can reasonably expect to meet them. For example, if you keep the loan, m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Don't pay off the 0% loan. First, set up an automatic monthly payment to ensure you never miss the payment (which could lower your credit score). If you ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Mostly to play devil's advocate, I will recommend something different than everybody else. If you can pay off the entire $3,000 balance and are torn between...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Ultimately the question is more about your personality and level of discipline than about money. The rational thing to do is hang on to your cash, invest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Here's my take: 1) Having a car loan and paying it on time helps build credit. Not as much as having credit cards (and keeping them paid or carrying balance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: My theory, if you must be in debit, own it at the least expense possible. The interest you will pay by the end, combined with the future value of money. Exa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 401k's and a SEP-IRA ### Answer: question #2 - yes, 25% of your 1099 income. Good idea. It adds up quickly and is a good way to reduce taxable income. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 401k's and a SEP-IRA ### Answer: Please note that if you are self employed, then the profit sharing limit for both the SEP and Solo 401(k) is 20% of compensation, not 25%. There is no need for a SEP...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In double entry book-keeping, how should I record writing of a check? ### Answer: I'm no accounting expert, but I've never heard of anyone using a separate account to track outstanding checks. Instea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In double entry book-keeping, how should I record writing of a check? ### Answer: I have no idea what the traditional accounting way of dealing with this might be; but does your accounts package has t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: The 2 and 20 rule is a premium arrangement that hedge funds offer and venture capital funds offe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: This means that if your capital under my management ends up turning a profit, I will keep half o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: You are conflating two different types of risk here. First, you want to invest money, and presu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: Why is nobody providing a service that is basically: Give me your money. I will invest it as I s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: The issue is the time frame. With a one year investment horizon the only way for a fund manager ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: For one thing fund managers, even fund management companies, own less money than their clients p...