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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I estimate the value of private stock behind employee stock options? ### Answer: It is difficult to value a private company. Most of the valuations is based on how one feels the idea would tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital expenses for volunteer purposes be deducted from income? ### Answer: I would suggest to buy your own printer, and calculate the cost for a page including the wear to the printer. Then eith...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital expenses for volunteer purposes be deducted from income? ### Answer: To be safe you should donate the printer to the charity. Or even better, have the charity purchase it and you donate a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital expenses for volunteer purposes be deducted from income? ### Answer: Costs for home / small business equipment under US$10,000 don't have to be capitalized. They can be expensed (that is,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: understand taxes when geting money from a project built long time ago plus my full time job ### Answer: You need to register as self-employed with HMRC (it is perfectly fine to be self-employed and em...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing 1040-NR when I have been outside the US the entire year? ### Answer: Yes, you can still file a 1040nr. You are a nonresident alien and were: engaged in a trade or business in the United States...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: There is a clear difference between investing and gambling. When you invest, you are purchasing an asset that has value. It is purcha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: This question feels like an EL&U question to me, and so I will treat it as one. Investment, noun form of to invest, originally from th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: From a mathematical expected-value standpoint, there is no difference between gambling (e.g. buying a lottery ticket) and investing (e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: Why must terms must be mutually exclusive? This (false) dichotomy is what seems to cause the most debate. It is the SINGLE EVENT OUT...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: logically, yes. legally, no. any reasonable definition of an "investment" must include some types of gambling and insurance. lottery t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: I am reminded of a dozen year old dialog. I asked my 6 year old, "If we call a tail a leg, how many legs does a dog have?" She replied...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: Although this has been touched upon in comments, I think the following line from the currently accepted answer shows the biggest issue...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: Buying lotteries tickets makes you the fish not the fisher. Just like casinos or drugs. If you like, you can call buying tickets an "i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: Something that is missing from the discussion is the actual market for the lottery ticket -- if a market existed for the tickets thems...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to pay online in a country with no international banking system ### Answer: According to Paypal, they support transactions in Ethiopia: https://www.paypal.com/webapps/mpp/country-wor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to pay online in a country with no international banking system ### Answer: paypal says it works with CBE but can't seem to link my account with them, but skrill works perfectly just ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to pay online in a country with no international banking system ### Answer: If the vendor accepts cryptocurrencies, this may be your only option. It's not clear if exporting cryptocur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to incentivize a real-estate broker to find me a cheap house ### Answer: Here in the U.S., a realtor can act as a "seller's agent" or a "buyer's agent". I think what you are calling a "broker" in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to incentivize a real-estate broker to find me a cheap house ### Answer: From your profile, I see you are in Israel. The process is probably different from in the US. In the US, an agent is usual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to incentivize a real-estate broker to find me a cheap house ### Answer: Having just gone through this process as a buyer via broker in Israel, here are my thoughts: Tl;dr: An incentive such as yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to incentivize a real-estate broker to find me a cheap house ### Answer: Shop lots of houses. Find at least three you want and start by offering a low price and working your way up. Your risk is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I deal with a mistaken attempt to collect a debt from me that is owed by someone else? ### Answer: Do not provide any personal information. If the debt is not yours, ask the caller to provide a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I deal with a mistaken attempt to collect a debt from me that is owed by someone else? ### Answer: It may be a scam. But it also may be a company trying to find a person with the same or simila...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I deal with a mistaken attempt to collect a debt from me that is owed by someone else? ### Answer: I can only speak for germany/europe. Inkasso companies/lawyer would write a letter with a bill...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can online trading platforms be trustworthly? ### Answer: In most countries trading platforms are legally required to be overseen by a regulator, in the US this is the SEC (Securities and Exchang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can online trading platforms be trustworthly? ### Answer: Most investors vote with their wallets. I expect ZERO glitches from a trading platform. If someone was actually causing trades to fail ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: Another reason for banks to push this is sitckyness. Once you have all of your bills setup, its more trouble to change banks. This r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: Most transactions that the bank performs for you are electronic ACH transactions, so the costs to them are minimal in the long run. M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: The paper check method also allows the bank to use your money while the check is in the mail. My bank debits my account immediately,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: One other aspect of this is that the bank will plan to eventually approach the merchant that they are sending paper checks to and say ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: It’s more convenient for both you and the bank; its much simpler to handle things electronically than it is to go through paperwork. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Form as LLC or S Corp to reduce tax liability ### Answer: This is actually quite a complicated issue. I suggest you talk to a properly licensed tax adviser (EA/CPA licensed in your State). Legal advic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Form as LLC or S Corp to reduce tax liability ### Answer: An LLC or an S corp will result in the same tax obligations because both are pass-through tax entities. An LLC is more flexible for the situat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good at investing - how to turn this into a job? ### Answer: Staying in Idaho, you could pursue some additional degree and try to get a job with a bank in the area as an investment advisor of some sor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good at investing - how to turn this into a job? ### Answer: You need to do a few things to analyze your results. First, look at the timing of the deposits, and try to confirm the return you state. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good at investing - how to turn this into a job? ### Answer: Step 1: Get a part-time job in sales. Perhaps selling appliances at Sears. Step 2: If you are great at that, then look into becoming a sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: Ally bank has a free billpay service where you have the option of paying bills via eBills. Though I use ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: Paytrust seems to be the only game in town. We've changed banks several times over the last 15 years an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: Something you may want to consider if you are still choosing a bill-paying service is the contingency po...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: An old question... but the recent answer for me turned out to be Check (formerly Pageonce) https://check...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: (Six years later...) I've used CheckFree for over 20 years, and my uncle started using it back in the ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Stock Trading legal for a student on F-1 Visa in USA? [duplicate] ### Answer: As an F1 student, I have been investing (and occasionally buying and selling within few weeks) for several years, and I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Stock Trading legal for a student on F-1 Visa in USA? [duplicate] ### Answer: It is absolutely legal. While studying on a F-1 you would typically be considered a non-resident alien for tax purposes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Stock Trading legal for a student on F-1 Visa in USA? [duplicate] ### Answer: You can buy and sell stocks, if you like. You'll have to pay taxes on any profits. And short-term is speculating, not i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a restaurant have to pay tax on a discount? ### Answer: In almost any jurisdiction, the restaurant will pay tax on the amount after the discount. Discounting is just a selective way to reduce pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a restaurant have to pay tax on a discount? ### Answer: I owned a restaurant for over 5 years. Sales tax was only collected on POST discount price, though every state that collects sales tax may ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my brother fix his credit? ### Answer: Well, he could negotiate with the bank to pay off the loan before the foreclosure takes effect. That would obviously cost him a large pile of cash but might ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my brother fix his credit? ### Answer: In a nutshell, not really. That's the risk you take when you co-sign for someone. The lender only made the loan because of the strength of your brother's c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay half a large balance this month before I get my CC statement? ### Answer: Utilization is near real-time. What that means is that what is reported is what is taken in terms of debt-to-inco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay half a large balance this month before I get my CC statement? ### Answer: This can make a difference of a few points. When your balance is reported on a monthly basis to the bureaus that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay half a large balance this month before I get my CC statement? ### Answer: From what I have heard on Clark Howard if you pay your balance off before the statement's closing date it will he...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay half a large balance this month before I get my CC statement? ### Answer: It will reduce the credit ding you will take but why does it matter? Next cycle when it's paid off your credit s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money put down on home ### Answer: I cannot emphasize enough how important it is, when you buy a house with someone you are not married to, to make a legal agreement on how the money should be divided...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money put down on home ### Answer: You should have drafted a contract of purchase that stipulated out equity stake in the home based of his down payment and yours, along with future monthly payments. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money put down on home ### Answer: To quote Judge Judy: "Our courts are not in the business of settling assets of couples who decide to play house". This is one of the reasons we put off buying house...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is working on a W2 basis, with benefits paid to me, a good idea? ### Answer: It's hard to answer without knowing all of the details (i.e. what was your salary for each of the options), but I think you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for retirement without employer sponsored plan ### Answer: I'm looking for ways to geared to save for retirement, not general investment. Many mutual fund companies offer a range of target reti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for retirement without employer sponsored plan ### Answer: Variable Annuities would be one option though there are SEC warnings about them, for an option that is tax-deferred and intended to be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for retirement without employer sponsored plan ### Answer: You might consider working on getting your new employer to sponsor a 401k, there may be options where you can invest and they aren't r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: To supplement existing answers: the appraised value does not necessarily represent the net amount the bank could...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: If you get a loan for 80% of the value of your house, that's equivalent to buying a house with a 20% down paymen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: Banks and lenders have become a bit more conservative since the housing crisis. 80% is a typical limit. The reas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: The banks figure that they'll get 80% of the value of the property at a sheriff's sale. So, they're lending you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: I am going to add just one more item to what are some very well thought out answers. The element of "Cash Out" I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: Imagine the bank loaning 100% of the sum of money you needed to buy a house, if the valuation of the house decre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lend money at a rate linked to the prime rate ### Answer: Yes. In the US these are called certificates of deposit or savings accounts. Every run-of-the-mill bank offers them. You give the bank mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: The reports of my death have been greatly exaggerated. - Twain I use index funds in my retirement planning, but don't stick to just S&P 500 ind...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: If the ship is sinking, switching cabins with your neighbor isn't necessarily a good survival strategy. Index funds have sucked, because frankl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: It's incredibly difficult to beat the market, especially after you're paying out significant fees for managed funds. The Bogleheads have some g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: From http://blog.ometer.com/2008/03/27/index-funds/ , Lots of sensible advisers will tell you to buy index funds, but importantly, the advice...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: Dogma always disappoints. The notion that an index fund is the end-all, be-all for investing because the expense ratios are low is a flawed on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: Excellent Question! I agree with other repliers but there are some uneasy things with index funds. Since your view is death, I will take extre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: I think you can do better than the straight indexes. For instance Vanguard's High Yield Tax Exempt Fund has made 4.19% over the past 5 years. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: One alternative to bogleheadism is the permanent portfolio concept (do NOT buy the mutual fund behind this idea as you can easily obtain access...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to receive/send “gifts” of Non-Trivial Amounts to a “friend”? ### Answer: Am I right to say that no tax needs to be given for the annual ~$130k USD, since they are considered as annual g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to receive/send “gifts” of Non-Trivial Amounts to a “friend”? ### Answer: This is tax fraud, plain and simple. I recently wrote an article The Step Transaction Doctrine, in which I explain...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to receive/send “gifts” of Non-Trivial Amounts to a “friend”? ### Answer: In almost all cases, gifts from employers are considered taxable compensation, based on the employer-employee natu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards have minimum limits? ### Answer: I believe it's just to limit the less well-off from acquiring one. If your credit history and income do not support a $15,000 credit limit, then do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards have minimum limits? ### Answer: They have a minimum to discourage applications for that particular card. Every application costs them money because they have to pay the credit age...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards have minimum limits? ### Answer: It discourages people from obtaining a high-limit card simply to show off, because the bank's forcing them to use it or lose it. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What mix of credit lines and loans is optimal for my credit score? ### Answer: Over time, you'll have more loans, maybe a few store cards, mortgage, car loan, etc. I'm a fan of maximizing one's wealt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What mix of credit lines and loans is optimal for my credit score? ### Answer: Please do not conflate number of credit cards with amount of debt. Consider two scenarios, The latter scenario yields muc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What mix of credit lines and loans is optimal for my credit score? ### Answer: I think you are interpreting their recommended numbers incorrectly. They are not suggesting that you get 13-21 credit ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxation from variations in currency ### Answer: Here is the technical guidance from the accounting standard FRS 23 (IAS 21) 'The Effects of Changes in Foreign Exchange Rates' which states: Exchange d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxation from variations in currency ### Answer: According to the answers to this question, you generally aren't taxed on gains until you sell the asset in question. None of those answered specificall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for saving and investing in multiple foreign currencies ### Answer: If you want to use that money and maybe don't have the time to wait a few years if things should go bad, than you will de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for saving and investing in multiple foreign currencies ### Answer: Evaluating the value of currencies is always difficult because you are usually at the mercy of a central bank that can pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for saving and investing in multiple foreign currencies ### Answer: The bad news is that foreign exchange is ultimately somewhat unpredictable, and analyzing the risk of these things is not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate tax liability on the turnover of a small vendor? ### Answer: There are quite a few questions as to how you are recording your income and expenses. If you are running the bakery as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would there be tax implications if I used AirBnB as opposed to just renting out a unit normally? ### Answer: There's no tax difference between using AirBnB or Craigslist or any other method to find te...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would there be tax implications if I used AirBnB as opposed to just renting out a unit normally? ### Answer: It actually depends on the services provided. If you're renting through AirBnB, you're like...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would there be tax implications if I used AirBnB as opposed to just renting out a unit normally? ### Answer: Given your clarifying comment that you're asking about the length of stay rather than AirBn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do if a state and federal refund is denied direct deposit? ### Answer: It is not allowed to pay refunds to anyone other than the taxpayer. This is due to various tax return fraud schemes that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do if a state and federal refund is denied direct deposit? ### Answer: Publication 17 Your Income Tax top of page 14 If the direct deposit cannot be done, the IRS will send a check instead. Wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any e-commerce taxation rules in India? ### Answer: There are no clear guidelines. If you are selling as individual, then what ever profit you make gets added to your overall income as you p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are reimbursements from company taxable,and do I need to deduct them? ### Answer: I'm assuming that you're in the US. In that case, the answer is that it depends on how your company set up its reimbu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Property - have someone look for you ### Answer: Many real estate agents will assist with an apartment hunt, for a suitable fee. In a hot market that may be worth the money. Then again, my best...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Property - have someone look for you ### Answer: Actually sounds like an interesting concept for a business, potentially! (grin) You know, depending on where you live and how big the market is,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get a Tax Exemption Certificate for export from the US if I am in another country? ### Answer: Assuming you are being charged sales tax, it all depends on where you take possession of the shi...