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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: Others have pointed out that many benefits offered by employers "for free" are actually taxed; the employee must pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: Companies often provide cafeteria, or catering services, to employees tax-free at subsidized rates. I'll use "cafet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: These services and other employee perks are referred to as fringe benefits. An employee "fringe benefit" is a form ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: (Regarding one aspect of the question) Here's a survey suggesting new programmers value "free lunch", old programme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes due for hobbyist Group Buy ### Answer: From the poster's description of this activity, it doesn't look like he is engaged in a business, so Schedule C would not be appropriate. The first paragra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes due for hobbyist Group Buy ### Answer: You do actually have some profits (whatever is left from donations). The way it goes is that you report everything on your Schedule C. You will report this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: LLC Partnership Earned Income vs. Partnership Share ### Answer: Why would you file four K-1s for each partner? You file one K-1 per partner, on which you report the total of income attributed to that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: LLC Partnership Earned Income vs. Partnership Share ### Answer: It would appear that you are not actually "equal" partners. You have differently valued interests and those values fluctuate based on i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What significant negative factors affect Yahoo's valuation? ### Answer: There are two very large negative factors that affect Yahoo's valuation. The first is that their search business is in decline...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I tell the Canada Revenue Agency that they're sending someone else's documents to my address? ### Answer: Maybe just put all his correspondence back in the Post Box and mark it "Wrong address...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on what to do with my equity? ### Answer: How will 45K-60K "end up in your pocket"? Are you selling your home? Where are you going to live? You talk about moving to Arizona, what is so magic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on what to do with my equity? ### Answer: What to do with your equity? Leave it alone... ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Child is on the way, invest for college and car fund options - opinions ### Answer: Look at your options with a 529 program. If the money is used for education expenses: that currently includes tuitio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I were to get audited, what would I need? ### Answer: While IANAL (tax or otherwise), I have always found that keeping original receipts is the only way to go. While anything can, at some level, be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting a mortgage while self-employed ### Answer: Would it be worth legitimizing his business or is it too late at this point? To be blunt, you're asking if we recommend that he stop breaking the law...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax liability in US for LLC's owned by an Indian Citzen ### Answer: The LLC will not be liable for anything, it is disregarded for tax purposes. If you're doing any work while in the US, or you (or yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax liability in US for LLC's owned by an Indian Citzen ### Answer: I am from India. I visited US 6-8 times on business VISA and then started 2 Member LLC. Myself and My wife as LLC Members. We provid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I expect to pay when meeting my first financial planner? ### Answer: My suggestion would be to ask the planner as an initial question as there could be a couple possible explanations for a fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I expect to pay when meeting my first financial planner? ### Answer: A complete analysis of your current situation, goals, and formulating a plan to meet those goals, including discussing you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to systematically find sideways stocks? ### Answer: You can likely use bollinger band values to programmatically recognize sideways trending stocks. Bollinger band averages expand during periods o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who Can I Hire To Calculate the Value of An Estate? ### Answer: Generally, it would be an accountant. Specifically in the case of very "private" (or unorganized, which is even worse) person - forensic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will the ex-homeowner still owe money after a foreclosure? ### Answer: Yes, the borrower is responsible for paying back the full amount of the loan. Foreclosure gives the bank possession of the proper...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will the ex-homeowner still owe money after a foreclosure? ### Answer: Generally, yes, although not in all states. According to this article in Time: But in non-recourse states — Alaska, Arizona, Cal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will the ex-homeowner still owe money after a foreclosure? ### Answer: It is in the bank's interest to sell the property for as much as they can (although it is doubtful they will put as much effort/t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ok to just report to 1 credit bureau instead of all 3 ### Answer: The reason you would want to report to all three is because lenders don't usually query all three. Thus, it may be that your neg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks track the price of Oil? ### Answer: Anthony Russell - I agree with JohnFx. Petroleum is used in making many things such as asphalt, road oil, plastic, jet fuel, etc. It's also used in s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Almost) no credit unions in New York City, why? ### Answer: There are 2 credit unions in the Metro NY area that are open to everyone: You might also want to check out aSmarterChoice.org to see if the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Almost) no credit unions in New York City, why? ### Answer: I would have been tempted to dismiss your claim, but the data I found shows that you're correct. On the plus side, the growth rate in credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Intelligent Investor: Northern Pacific Railway example ### Answer: Without reading the source, from your description it seems that the author believes that this particular company was undervalued ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Intelligent Investor: Northern Pacific Railway example ### Answer: The company was paying "only" $1 a share in dividends, compared to $10 a share in earnings. That is a so-called payout ratio of 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Intelligent Investor: Northern Pacific Railway example ### Answer: Two of the main ways that investors benefit financially from a stock are dividends and increases in the price of the stock. In t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a home loan (mortgage) cheaper than gold loan? ### Answer: My doubt is whether Govt./Reserve Bank of India gives any explicit incentives to banks to offer cheaper home loans ? Currently NO. In ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a home loan (mortgage) cheaper than gold loan? ### Answer: Why is a home loan (mortgage) cheaper than gold loan? It has to do with risk. Lending money secured by gold is inherently riskier than...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is human interaction required to open a discount brokerage account? ### Answer: You definitely do not need human interaction to open an account at Schwab. You just need to provide a social security nu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfering money from NRE account in India to family member ### Answer: I am a US citizen and I want to transfer some amount 10 lakhs+ to my brother from my NRE account in India to his account. My br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: Yes, quite easily, in fact. You left a lot of numbers out, so lets start with some assumptions. If ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: It depends on how much you save, how much your savings earns each year. You can model it with a ver...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: Millionaire, Shmillionaire! Let's do this calculation Bruno Mars style (I wanna be a Billionaire...)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: Yes, becoming a millionaire is a reasonable goal. Saving 15% of your income starting at age 25 and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: I'll offer another answer, using different figures. Let's assume 6% is the rate of return you can ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: I see a lot of answers calculcating with incomes that are much higher than yours, here is something ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: The article links to William Bernstein’s plan that he outlined for Business Insider, which says: Mod...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: As others have shown, if you assume that you can get 6% and you invest 15% of a reasonable US salary...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: Other people have already demonstrated the effect of compound interest to the question. I'd like to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: If by being a millionaire you mean dollar millionaire then I doubt that it is really that easy in Pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: The really simple answer is that compound interest is compound not linear. Money invested for longe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: I just want to point out a couple of things, and I do not have enough reputation to comment. Saving ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a Zelle Bank Transfer be reversed or denied after credit has been added? ### Answer: After collecting information via web searching, the comments above, and a additional call to BOA, i have conclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Setting up a LLC for two partners in different states, what should we look into? ### Answer: TL;DR: Get a tax adviser (EA/CPA licensed in your State) for tax issues, and a lawyer for the Operating Agr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the procedures or forms for a private loan with the sale of a vehicle? ### Answer: The Nebraska DMV web site has a neat page about this. It seems to be fairly simple, and not costly to record...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the procedures or forms for a private loan with the sale of a vehicle? ### Answer: Draft up a promissory notes. Have a lawyer do it use one of those online contract places if you have simple...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the point of owning a stock without dividends if it cannot be resold? ### Answer: Shares often come associated with a set of rights, such as ability to vote in the outcome of the company. Some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the point of owning a stock without dividends if it cannot be resold? ### Answer: If that condition is permanent -- the stock will NEVER pay dividends and you will NEVER be able to sell it -- ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does setting up a company for your own improves credibility? ### Answer: The key here is that you are defacto running your own company no matter if you acknowledge it or not. In the end these questio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for startup costs for an LLC from personal money? ### Answer: Typically you give a loan to the company from yourself as a private person, and when the company makes money the company pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for startup costs for an LLC from personal money? ### Answer: You don't even need to formally loan the LLC any money. You pay for the setup costs out of pocket, and then once the LLC is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for startup costs for an LLC from personal money? ### Answer: If you are using software like QuickBooks (or even just using spreadsheets or tracking this without software) use two Equit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for startup costs for an LLC from personal money? ### Answer: How do I account for this in the bookkeeping? Here is an example below: This is how you would accurately depict contributi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for startup costs for an LLC from personal money? ### Answer: If you have a single member LLC there is no need to separate expenses in this way since it is simply treated as part of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for startup costs for an LLC from personal money? ### Answer: An LLC is a pass-through entity in the USA, so profits and losses flow through to the individual's taxes. Thus an LLC has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my freshly opened LLC in California after I've moved? ### Answer: There's no reason to keep the California LLC if you don't intend to do business in California. If you'll have s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: In the US, this was the case during the 19th century. There was a system of "subscriptions" between banks, where larger banks bac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: Who says they don't? In the United Kingdom the Bank of England and the Bank of Scotland print the money. In some other countries ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: In Scotland, each bank issues its own separate notes. It's not uncommon to see identical-valued £10 notes, for example, from thre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: Are you talking about printing up more of the same kind of bill, or printing up a different kind of bill? You'll have different ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: There is absolutely no logical reason why each nation does not own and control banking and thus the supply of money. Any system ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: Any person at any time may produce their own currency, one can even do so on the back of a paper napkin, ripped beer coaster or w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: Actually, banks do issue their own money, it's just not embodied as a piece of paper, it's called checkbook money and in the US, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use an NRE or NRO account to transfer money from India to the US? Any reports needed? ### Answer: Deposits into NRE account can only be done from funds outside India. So your brother cannot d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use an NRE or NRO account to transfer money from India to the US? Any reports needed? ### Answer: NRE is better. It's a tax free account, exempt from income tax. NRE account is freely repatri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a chargeback when they just ask the merchant whether they owe money to the buyer? ### Answer: When you initiate a chargeback, the merchant has the right to dispute the chargeback. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a chargeback when they just ask the merchant whether they owe money to the buyer? ### Answer: So, what's the point of a charge-back, if they simply take the word of the merchant? t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a chargeback when they just ask the merchant whether they owe money to the buyer? ### Answer: The point of a chargeback is to force merchants to do the paperwork. Many merchants do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a chargeback when they just ask the merchant whether they owe money to the buyer? ### Answer: You may be using the wrong method to get your money back. As others have said, this i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Corporate Equity Draw vs Income ### Answer: You tagged with S-Corp, so I assume that you have that tax status. Under that situation, you don't get taxed on distributions regardless of what you call t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a bank no longer use an intermediary bank? ### Answer: If your counterparty sent money to a correspondent account at another bank, then it is completely up to the other bank what to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How quickly will the funds be available when depositing credit card checks? ### Answer: For those who don't know, credit card checks are blank checks that your credit card company sends you. When you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: K, welcome to Money.SE. You knew enough to add good tags to the question. Now, you should search on the dozens of questio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: First, a note of my personal experience: up until a year ago, my credit lines were composed exclusively of credit cards wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: Not sure what you mean by "missing". Credit card debt can be paid back in full when you get the bill, or you can "take a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: I can't think of any conceivable circumstance in which the banker's advice would be true. (edit: Actually, yes I can, but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: Of course credit cards are viewed as credit. If you're using money on a credit card, you are not directly paying for your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: There's a difference between missing a payment and "carrying a balance" (making an on-time payments that are less than the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: This does not directly address the question, but how the Bank views your behaviour is not the same as a credit reporting b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who buys variable annuities? ### Answer: An annuity makes sense in a few different scenarios: In general, they are not the best deal around (and are often ripoffs), and will almost certainly be a bad ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who buys variable annuities? ### Answer: There is always some fine print, read it. I doubt there is any product out there that can guarantee an 8% return. As a counter example - a 70 yr old can get 6...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who buys variable annuities? ### Answer: Two types of people: (1) Suckers (2) People who feel that investment advisors/brokers make too little money and want to help out by paying insane commissions. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who buys variable annuities? ### Answer: I wrote a detailed answer about variable annuities on another question, but I want to include one specific situation where a variable annuity may be the right ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does AAPL trade at such low multiples? ### Answer: This is also an opinion, the iPhone makes up too much of the company's total revenue. Last quarter results were very well received because of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does AAPL trade at such low multiples? ### Answer: This is an opinion, but I think it has more to do with the market's uncertainty about the long-term future of the company without Steve Jobs. Ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the Standard Deduction still apply to a Traditional IRA early withdrawal? ### Answer: IRA distributions are reported on line 15b on the standard form 1040. That is in the same Income section as m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US tax - effectively connected income ### Answer: ECI is relevant to non-resident aliens who are engaged in trade or business in the US. For that, you have to be present in the US, to begin with, or t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My wife and I are selling a house worth $230k-$260k. Its a rental. Should we use an agent, limited service listing agent, or FSBO? ### Answer: The answers you'll receive are going to be largely subjec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it cheaper to use car Insurance or pay out of pocket? ### Answer: There's not a single answer here, as the premium you pay for car insurance depends on multiple factors, including (but not limited ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Limited Liability Partnership capital calculation ### Answer: Retained earnings is different from partner capital accounts. You can draw the money however the partners agree. Unless money is specific...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a “minimum number of items to be bought” factor into break even analysis? ### Answer: A minimum purchase quantity just means that you need to round your result up to the nearest 100. In your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FTB sent refund check for 2011 during audit; Does this really mean that whole audit is over for 2011? ### Answer: Not it doesn't, and yes they can. If the audit is closed, you should have received inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are the non floated Groupon shares ### Answer: The original investors and founders own them. Think about it this way - When you hear that an IPO priced at $10 opened at $50, is that 'good or 'ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are the non floated Groupon shares ### Answer: Many people have criticized the Groupon IPO model because it doesn't make sense as an investment, unless you are an insider with cheap shares. Basi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I just “paid” online with a debit card with no funds. What now? ### Answer: There are a few factors at play here. Depending on the bank that has offered you the card there are different types of overd...