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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: This is either laundering money or laundering non-money. All the other answers point out how a cheque or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: If it's real, it's illegal. She needs someone to be a middle man who transfers money and doesn't ask ques...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: Well, all of the previous answers already mentioned the upcoming scam and danger situation for your finan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What benefits are there to having a Pension (Retirement Account) In Ireland? ### Answer: As you point out, the main benefits of a pension/retirement account over a traditional cash/taxable account are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What benefits are there to having a Pension (Retirement Account) In Ireland? ### Answer: Here's an Irish government publication that should give you some background information to get you started. In ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 1099 forms take so long for brokerages to prepare and send out? ### Answer: There are probably many correct answers to this question, but for most people, the main reason is qualified dividends...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 1099 forms take so long for brokerages to prepare and send out? ### Answer: The simple answer is that brokerages have to close the books at the end of the year before they can send out the tax ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I fold side-income into our budget so my husband doesn't know? ### Answer: Maybe you can just hang onto the cash and upgrade the things you buy for cash now a bit. Buy the better cut of meat,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I fold side-income into our budget so my husband doesn't know? ### Answer: These earnings will likely have tax implications, depending on where in the world you are. So, your budget concerns n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I fold side-income into our budget so my husband doesn't know? ### Answer: I doubt that it is possible to keep something like this secret from your husband forever. If you get away with it onc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does exposure to financials in corporate bond funds make sense? ### Answer: One reason a lot of bond ETFs like Financials are because of how financial companies work. They usually have amazing cash f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you determine the dividend payout date for Mutual Funds? ### Answer: Determine which fund company issues the fund. In this case, a search reveals the fund name to be Vanguard Dividend Growth Fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you determine the dividend payout date for Mutual Funds? ### Answer: Mutual funds generally make distributions once a year in December with the exact date (and the estimated amount) usually bei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I remodel or buy a bigger house? ### Answer: After a 6% commission to sell, you have $80K in equity. 20% down on a $400K house. 5% down will likely cost you PMI, and I don't know that you'll e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I remodel or buy a bigger house? ### Answer: I am quite sure you can set up an office in your basement for a lot less than $15,000. Don't build any walls, install any flooring, or upgrade the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: I don't think blanket answers are very helpful. You are asking the right question when you are young! You have a large number of investment options and Aust...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: My advice would be to invest that 50k in 25% batches across 4 different money markets. Batch 1: Lend using a peer-to-peer account - 12.5k The interest rates...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: Some of the other answers recommended peer-to-peer lending and property markets. I would not invest in either of these. Firstly, peer-to-peer lending is not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: If you are in an economy which has a decent liquid debt market (corporate bonds, etc.), then you may look into investing in AA or AA+ rated bonds. They can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: Edit: I a in the United States, seek advice from someone who is also in Australia. I am getting about 5.5% per year by investing in a fund (ticker:PGF) tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay tax on money I earn as a tutor? ### Answer: You would be required to report it as self-employment income and pay tax accordingly. It's up to you to keep proper records (like a receip...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay tax on money I earn as a tutor? ### Answer: There is a moral and legal obligation to file the earnings. Not doing so is tax fraud. You should keep a ledger or some record of your earn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: Before putting any significant money into stocks, I would recommend spending at least a year paper trading. It is amazing how much money you can los...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: The best way I know of is to join an investment club. They club will act like a mutual fund, investing in stocks researched and selected by the grou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: Start by paying down any high interest debt you may have, like credit cards. Reason being that they ultimately eat into any (positive) returns you m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: In addition to the advice already given (particularly getting rid of high-interest debt), I would add the following: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: That is a loaded question but I'll give it a shot. First things first you need to determine if you are ready to invest in stocks. If you have a lot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: Read "The intelligent Investor" book before you do anything. I started when I really didn't understand anything about stocks. I bought an internet st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance deduction on schedule C if also full time employee with w2? ### Answer: Checkout the worksheet on page 20 of Pub 535. Also the text starting in the last half of the third column of p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance deduction on schedule C if also full time employee with w2? ### Answer: Do you satisfy the necessary criteria listed there? Then why not?... It sounds like you do. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax for Basket with Coupon containing two different VAT rates ### Answer: The vendor needs to do this using apportionment, according to the VAT rules for mixed supplies: If you make mixed supplies and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: One of the reasons, apart from historical, is that different people have different tax liabi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: Companies in the US will take care of paying a portion of your required income tax on your b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: Politics is certainly part of the equation, in two ways that I can think of. These don't nec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: One significant reason it makes sense for filing to be the default is home ownership rates. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: you either tell your financial department about them (e.g. I used to get a student's tax dis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: For two reasons: 1- People are entitled to deductions and credits that your employer cannot ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: I think the key point that's making the other commenters misunderstand each other here is th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: There are a few reasons: 1) Deductions and credits. We have a lot of them. While I suppose w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: One of the reasons is also general distrust to the government. Another one is that there exi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: A couple things. First of all, most people's MAIN source of income is from their job, but th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: Why is the US still working with paper checks when Europe went digital about a decade ago? T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: Reading financial statements is important, in the sense that it gives you a picture of whether revenu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: Financial statements provide a large amount of specialized, complex, information about the company. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: Wow, I cannot believe this is a question. Of course reading the 10Ks and 10Qs from the SEC are incr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: I agree with @STATMATT. Financial statements are the only thing that Warren Buffett & Charlie Munger...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: Yes, especially if you are a value investor. The importance and relevance of financial statements dep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: Reading and analyzing financial statements is one of the most important tasks of Equity Analysts whic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is routing number called ABA/ABN number? ### Answer: The ABA number you speak of is more accurately called the Routing Transit Number. http://en.wikipedia.org/wiki/Routing_transit_number A routi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is routing number called ABA/ABN number? ### Answer: With number of Banks increasing every country at some point in time adopted an Identification code. In US these are called ABA number because t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with an old building to get money ### Answer: There are a few ways to get money from property, but I'm not sure any would work for you: 1) Firstly you could sell it. Selling the building mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: I would suggest you do three things: If you do all three of these, the time will come when "2 months off to go to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: You can take a queue from any sales opportunity and position it in ways that will still appeal to someone who int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: To answer your question: As far as what's available in addition to your 401(k) at work (most financial types will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: I can understand your nervousness being 40 and no retirement savings. Its understandable especially given your p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: I'd try to (gently) point out to your husband that what he thinks he wants to do now and what he might want to do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: Bringing your spouse on board a financial plan is key to success. The biggest part is to have a shared dream. H...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it practical to take actual delivery on a futures contract, and what is the process? ### Answer: Here's a good link that can answer your question: How to take delivery of a futures contract The rel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it practical to take actual delivery on a futures contract, and what is the process? ### Answer: Not all futures contracts are deliverable. Some futures are specified as cash settlement only. In t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it practical to take actual delivery on a futures contract, and what is the process? ### Answer: As mentioned in other answers, you find out by reading the Rulebook for that commodity and exchange....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my individual stocks and buy a mutual fund ### Answer: I would normally take a cautious, "it depends" approach to answering a question like this, but instead I'm going to give you a blun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my individual stocks and buy a mutual fund ### Answer: This depends on a lot actually - with the overall being your goals and how much you like risk. Question: What are your fees/commi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: You're potentially in very deep water here. You don't know who this per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: OK, reading between the lines here it looks like the services offered b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: What legal way can I take what I am owed from this guy? The legal ways ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: As long as there is nothing more to this story you aren't sharing, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: You're not focusing in the right place and neither is anyone else on th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: A routing number and account number are on the bottom of every check. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to do thorough research into a company to better understand whether to buy stock? ### Answer: So, first -- good job on making a thorough checklist of things to look into. And onto your questions -...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to reduce mortgage rate with low income but high assets ### Answer: In your shoes, I would pay off the mortgage with the after tax investments and be done. You have different goals than I do in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to reduce mortgage rate with low income but high assets ### Answer: The bit I don't quite understand is why you are thinking about staying in debt in the first place - you're basically thinking ab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence do I need to declare tutoring income on my income tax? ### Answer: I have been a private tutor on and off for about 30 years, in three countries, so I understand your concerns! I always...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of Job Change on In-Progress Mortgage Application ### Answer: Best advice is to ask your lender. That being said, if you are changing jobs, but keeping the same type of job you are usually ok ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of Job Change on In-Progress Mortgage Application ### Answer: I recommend you ask this question to a qualified mortgage broker. We just closed on our first house. My wife & I have had several...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of Job Change on In-Progress Mortgage Application ### Answer: I just closed on a refi last week Thursday. The app went to the lender mid to late May. The lender called my employer for an employ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to create a self-managed superannuation fund to act as a mortage offset? (Australia) ### Answer: If you're under age 55 and in good health generally you cannot withdraw your funds from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to create a self-managed superannuation fund to act as a mortage offset? (Australia) ### Answer: You can set up a Self Managed Super Fund (SMSF) and use it to buy residential investment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in a Health Insurance +1 policy from my Employer? ### Answer: If I read your figures correctly, then the cost difference is negligible. ($1.84 difference) The main determining factor, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in a Health Insurance +1 policy from my Employer? ### Answer: One thing to look into is if there is an extra fee for covering a spouse under you plan, if she is covered under her own e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the minimum revenue an LLC must make in Florida or NY states? ### Answer: Depends on the State. In California, for example, you pay a franchise tax of $800 every year just for having LLC, and i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying or selling goods for gold or silver considered taxable? ### Answer: Of course. The rationale is exactly the same as always: profit is taxed. The fact that you use intermediate barter to make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying or selling goods for gold or silver considered taxable? ### Answer: What you are doing is barter trade. Most countries [if not all] would tax this on assumed fair value. There are instances ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying or selling goods for gold or silver considered taxable? ### Answer: This isn't new. Even before silver hit $50 in 1980, silver coins were worth 3-4X face value for 'junk' silver. There were...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors would affect the stock price of a sports team? ### Answer: Costs are almost entirely salaries Apart from all the usual costs incurred by running a large, complex, business, ManU are serv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: Because US bonds have had the prior impression of absolute invincibility and safety that has helped the dollar become the world's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: Pension- and many "low-risk" investment funds may only invest in AAA-rated stocks and bonds. While the S&P rating alone doesn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: Dollar is the lingua franca of the financial industry and unluckily it is the US currency. It is till today considered the most s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: The credit scale is deceptive, it goes: AAA, AA, A, BBB, BBB-, BB+, BB, B, CCC, CC, C, D. In reality it should be A,B,C,D,E, F, G...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: Because the USA is the world's biggest economy - everybody in the world works with the USA (even if the american companies are no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I minimize the impact of the HST? ### Answer: The HST is a sales tax levied on most goods and services. It is important to realize that in both BC and Ontario, the new HST does not (in most ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a relocation fee of more than 40k taxed? ### Answer: It is ordinary income to you. You should probably talk to a California licensed CRTP/EA/CPA, but I doubt they'll say anything different. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a relocation fee of more than 40k taxed? ### Answer: With a $40,000 payment there is a 100% chance that the owner will be claiming this as a business expense on their taxes. The IRS and the st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do the tax consequences make it worth it for me to hold ESPP stock? ### Answer: To try to answer the three explicit questions: Every share of stock is treated proportionately: each share is assigned t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do the tax consequences make it worth it for me to hold ESPP stock? ### Answer: I think people in general tend to unnecessarily over-complicate this issue. Here's what I think you should do in any si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do the tax consequences make it worth it for me to hold ESPP stock? ### Answer: Your gain is $1408. The difference between 32% of your gain and 15% of your gain is $236.36 or $1.60 per share. If you s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes for citizen of EU country #1 living in EU country #2 and working from home for non-EU country #3? ### Answer: You will almost certainly be paying taxes in Czech Republic, short of being American...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes for citizen of EU country #1 living in EU country #2 and working from home for non-EU country #3? ### Answer: There are just too many variables here... Will you legally be considered a permanent...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does sales tax holiday change tax? ### Answer: I believe you are confusing sales tax with income tax. The tax holidays in the US are only for sales tax. Consumers purchasing certain goods during t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one go short in Uber? ### Answer: The answer to this question is related to another question: How would I invest in Uber? Given that Uber is a privately-held company, the average investor cann...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one go short in Uber? ### Answer: Pay someone a fee to borrow their private Uber shares, then sell those private shares to someone else, then find someone else you can buy their private shares...