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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Made more than $600. Company does not issue 1099-MISC's. Enter income as general income? ### Answer: I'm not sure how this gets entered in TurboTax, but this income from the company should be included...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trying to understand Return on Capital (Joel Greenblatt's Magic Formula version) ### Answer: I've spent enough time researching this question where I feel comfortable enough providing an answer. I'l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trying to understand Return on Capital (Joel Greenblatt's Magic Formula version) ### Answer: Just to clarify things: The Net Working Capital is the funds, the capital that will finance the everyday, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My employer doesn't provide an electronic pay stub and I need one to get a car loan ### Answer: You have a few options and sometimes challenges help us improve our situation. First, you can not borrow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In your 20s how much money should you have and how to properly use & manage it? ### Answer: You need a budget. You need to know how much you make and how much you spend. How much you earn and what yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In your 20s how much money should you have and how to properly use & manage it? ### Answer: If you are just barely scraping by on your current income, then you shouldn't be thinking about buying a car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit Card Points from Refund ### Answer: Because your friend isn't going to like the ~2% charge they have to pay to the credit card company on the $10,000 purchase. Credit card companies make money ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit Card Points from Refund ### Answer: That transaction probably cost the merchant $0.50 + 3% or close to $5. They should have refunded your credit card so they could have recouped some of the fe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I open a bank account in the US remotely? Will I pay taxes for the money on it? ### Answer: Answering for US tax only: The bank account makes absolutely zero difference. If you are not a US natio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the name of inverse of synergy? (finance) ### Answer: You could call it "multiple streams of income" a la Robert Allen and others. Or you could call it "Do once, sell many" or something like t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the name of inverse of synergy? (finance) ### Answer: I'd probably call it an intangible or indirect benefit. Not sure what the trade term is. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My Boss owes money but I am named on letter from debt collection agency (UK) ### Answer: I would not be overly concerned unless they started contacting you directly on your personal time or it showed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My Boss owes money but I am named on letter from debt collection agency (UK) ### Answer: You havent signed a contract, so you are only an authorised contact so you have nothing to worry about at all. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income Tax and Investments ### Answer: The $50k is subject to the appropriate income taxes, which may include FICA taxes including the employer share if you are self employed. The after tax money can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income Tax and Investments ### Answer: Unless you make those investments inside a tax-deferred account, you will have to pay income-taxes on that money this year. Because you made that money through y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Record retention requirements for individuals in the U.S.? ### Answer: Here is an IRS Publication 552 covering records retention The publication covers many areas, including proof of income, bank stat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Record retention requirements for individuals in the U.S.? ### Answer: Indeed the IRS publication references the 3-6 year time span. And no limit for fraud. But. I get a notice that some stock I owne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Investment Research websites worth their premiums? ### Answer: Anyone who claims they can consistently beat the market and asks you to pay them to tell you how is a liar. This cannot be done, as t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I claim HST compensation on my personal Ontario income taxes? ### Answer: Your income and expenses for the business should be independent of HST. That is, if you charged somebody 100 + 13 HST, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legal requirements to sell design content, artwork and also freelance in India? ### Answer: There is no requirement to open a company. You can work as freelancer. You need to report income and file re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying estimated taxes in a quarter with losses ### Answer: Yes, if you're caught up you can skip the quarter. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I receive payment from the USA to my current account in India ### Answer: There is nothing called best; Depending on the amounts there are several options and each will cost some money. If you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insider trading in another company? ### Answer: This information is clearly "material" (large impact) and "non-public" according to the statement of the problem. Also, decisions like United States v....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is robinhood backed up by an insurance company ### Answer: robinhood is a member of finra, just like any other broker. as such, they can't legally "lose" your assets. even if they file bankruptcy, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a husband and wife who are both members of the same LLC file a joint tax return? ### Answer: Since from the question it seems that you're talking about the US taxation, I'll assume that. You can d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a contractor with revenue below UK's VAT threshold. Should I register for VAT? ### Answer: I love the flat rate VAT scheme. It's where you pay a percentage based on your industry. An example mig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a contractor with revenue below UK's VAT threshold. Should I register for VAT? ### Answer: If I remember correctly, once you're about to exceed the threshold you really don't have a choice and h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a contractor with revenue below UK's VAT threshold. Should I register for VAT? ### Answer: (1) Should I register for VAT?  – If it is below the threshold amount it is purely voluntary. If you re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a contractor with revenue below UK's VAT threshold. Should I register for VAT? ### Answer: The most important thing to remember is that being VAT registered, you must add VAT to every bill, so e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a contractor with revenue below UK's VAT threshold. Should I register for VAT? ### Answer: If you are providing VAT-liable services (you probablly are) and you register normally for VAT then you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Was on debt..can I now enter UK on visitor visa ### Answer: Whether or not you'll be allowed to enter the UK is a topic for a different forum (and really more a topic for a lawyer rather than stranger...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What securities is Return of Capital applicable to? ### Answer: Off the top of my head, I don't know of any publicly-traded companies that routinely earmark distributions as return of capital, but the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to save money on currency conversion ### Answer: If you want to convert more than a few thousand dollars, one somewhat complex method is to have two investment accounts at a discount broker that o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house 50/50 ### Answer: This question is really a variation of rent vs buy. Try looking at it this way - If you bought it 50/50 and rented it out, what would you both get? Now, moved in, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house 50/50 ### Answer: I don't like it using percentages makes no sense. Find out what market value is for rent and pay 1/2 of that to your partner, adjust annually. You partner should be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need as documentation in order to pay taxes in the Netherlands? ### Answer: The Dutch tax office is pretty decent, although slightly overburdened. Don't expect a lot of help, but they're not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you sell a security through a different broker from which it was purchased? ### Answer: I'm in the US and I once transferred shares in a brokerage account from Schwab to Fidelity. I received the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you sell a security through a different broker from which it was purchased? ### Answer: Many brokers allow you to transfer shares to another broker without selling them. It depends on what kind of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment options for f1 visa students in USA ### Answer: There's no limitation on what you can invest in, including trading stocks (as long as trading is not a business activity, like day-trading or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are American Eagle $20 gold coins considered “securities”, requiring dealers to be licensed to sell them as such? ### Answer: No. Securities brokers/dealers in the United States are licensed to broker...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why UK bank charges are not taken account when looking on interest for taxation? ### Answer: When I left the UK four years ago, free banking is still an option and I'm pretty sure it still is. Theref...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why UK bank charges are not taken account when looking on interest for taxation? ### Answer: Because your profit from the capital IS 100 quid. Capital gains is not like running a business and doesn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are days counted when funding a new account within 10 days ### Answer: If the wording is "within 10 days" then its 10 days. Calendar days. Otherwise they would put "10 business days", for example....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I evaluate reasonability of home improvement projects? ### Answer: If you're looking for some formula, I don't think one exists. People talk about this all the time and give conflicting advice....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I evaluate reasonability of home improvement projects? ### Answer: The exact answers depend on what you're going to do and what you started with and what your local market is like ... But a bit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay Yourself With Credit Card Make Money With Cash Back [duplicate] ### Answer: This is basically a form of credit card kiting, it's not necessarily illegal but it can be. It is, however, against the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay Yourself With Credit Card Make Money With Cash Back [duplicate] ### Answer: The idea is old as dirt, and some millions of people had it before you. Credit card swipes cost you between 2.4 and 4.5%...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need your help and suggestion ### Answer: How much amount can we transfer from India to the USA? Is the limit per year? As I understand your father in law is Indian Citizen and his tax paid earnings n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Once stock prices are down, where to look for good stock market deals? ### Answer: Indexes are down during the summer time, and I don't think it has something to do with specific stocks. If you look ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Once stock prices are down, where to look for good stock market deals? ### Answer: Something you might want to consider, instead of going out bargain hunting in hopes of picking something up on the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Once stock prices are down, where to look for good stock market deals? ### Answer: Keep in mind, that bargain hunting will fail you from time to time. I know a lot of guys who bought Nortel at $10, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Once stock prices are down, where to look for good stock market deals? ### Answer: Do your own research There are hundreds of places where people will give you all sorts of recommendations. There is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Corporate Coverdell ESA Tax Liability ### Answer: Not sure how authoritative it is, but according to this site, yes: Can a corporation, partnership or other non-living entity make the contribution to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to Transition From Employee to Employer? ### Answer: Having been both I see the pros and cons Employers: I personally hated all the paperwork. Government forms, legal protection, insurance, taxes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are all those unsold vehicles? ### Answer: When the 2016 models come out, the dealership marks down the 2015 model and then it sells pretty fast. The process doesn't take that long in the car m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are all those unsold vehicles? ### Answer: Other than being reduced to clear as others have suggested quite a few get sold to large motor stores. You can often go in and find last years model wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the options for a 19-year-old college student who only has about $1000? ### Answer: The "$1000 is no money at all" people are amusing me. Way back in the mists of time, a very young me invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the options for a 19-year-old college student who only has about $1000? ### Answer: $1000 is not that much, and I think the best you can do with them is keeping them in a high-yield savings a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the options for a 19-year-old college student who only has about $1000? ### Answer: At that sum, it essentially doesn't matter what you do, unless you just want to outright gamble the money. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the options for a 19-year-old college student who only has about $1000? ### Answer: If you're looking for ways to turn $1000 into more, don't just think of ways it can make money -- also cons...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the options for a 19-year-old college student who only has about $1000? ### Answer: Put them in Cds. Better than a savings account, you won't lose capital unlike the stock market. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the options for a 19-year-old college student who only has about $1000? ### Answer: Kid, you need to start thinking in thresholds. There are several monetary thresholds that separate your cla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Won an incentive trip in 2013, left employer in 2014, received an earning statement with no cash but a huge tangible bonus listed ### Answer: I had experience working for a company that manufactures s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Accounting for reimbursements that exceed actual expenses ### Answer: I've been in a very similar situation to yours in the past. Since the company is reimbursing you at a flat rate (I assume you don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the contribution limit for a SEP-IRA? ### Answer: Both are saying essentially the same thing. The Forbes articles says "as much as 20% [...] up to a maximum of $50,000". This means the same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who maintains receipt for employee expense reimbursements? ### Answer: In the normal course of events, you should receive a separate check for the amount of the purchase, and that amount should not be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dalbar: How can the average investor lose money? ### Answer: It appears that there's a confusion between the different types of average. Saying "the average investor" generally means the most common t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dalbar: How can the average investor lose money? ### Answer: How is it possible for the average investor to underperform the market? The "average" investor probably makes some bad decisions. You also ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dalbar: How can the average investor lose money? ### Answer: I think you are mixing two different concepts here. The average investor, in the quoted reference, means an average single investor like yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will my taxes be as self employed? ### Answer: Whether you're self-employed or not, knowing exactly how much tax you will pay is not always an easy task. Various actions you can take (e.g., char...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will my taxes be as self employed? ### Answer: The amount of the income taxes you will owe depends upon how much income you have, after valid business expenses, also it will depend upon your fili...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do large corporations store their massive amounts of cash? ### Answer: You can find out the general types of investments by reading the public corporation 10-Q report that is filed with the SEC ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do large corporations store their massive amounts of cash? ### Answer: Short term investments, treasuries, current accounts. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do large corporations store their massive amounts of cash? ### Answer: They are using several banks, hedge funds or other financial institutions, in order to diversify the risk inherent to the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do large corporations store their massive amounts of cash? ### Answer: For tax optimization, cash is stored mostly overseas, according to the New York Times. For Apple, everytime a song or an ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does renting a room on AirBnB make all interest taxable? ### Answer: What theyre fishing for is whether the money was earned in the U.S. It's essentially an interest shelter, and/or avoiding double t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does renting a room on AirBnB make all interest taxable? ### Answer: It says that you are exempt "as long as such interest income is not effectively connected with a United States trade or business". ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad practice to invest in stocks that fluctuate by single points throughout the day? ### Answer: Yes. There are several downsides to this strategy: You aren't taking into account commissions. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad practice to invest in stocks that fluctuate by single points throughout the day? ### Answer: Eventually, you'll end up buying a stock at or near a high-water mark. You might end up waiting ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad practice to invest in stocks that fluctuate by single points throughout the day? ### Answer: Its hard to write much in those comment boxes, so I'll just make an answer, although its really n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad practice to invest in stocks that fluctuate by single points throughout the day? ### Answer: The strategy has intrinsic value, which may or may not be obstructed in practice by details menti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any reason to keep around my account with my old, 'big' bank? ### Answer: From my experience, payments from banks and other financial entities, such as loyalty programs, generally aren't as large as p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any reason to keep around my account with my old, 'big' bank? ### Answer: I'd add that bigger banks tend to have experience doing more complicated things. As an example, my local credit union (~12 off...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: BoA Closed my Accounts and Froze my Funds. How can I get money back besides cashier's check? ### Answer: I'd suggest you contact the Office of the Controller of Currency, who regulates BOA and file a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages/disadvantages of a self-directed IRA? ### Answer: There is nothing wrong with self directed IRA's the problem is that most of the assets they specialize in are better done in o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages/disadvantages of a self-directed IRA? ### Answer: This type of account will sell you just enough rope to hang yourself. Gold is at $1400 or so. Were you around when it first h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages/disadvantages of a self-directed IRA? ### Answer: The main advantage and disadvantage I can see in a scenario like this are - how savvy and good an investor are you? It's a goo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages/disadvantages of a self-directed IRA? ### Answer: Our company does a lot of research on the self-directed IRA industry. We also provide financial advice in this area. In short,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: I would say that all of the reasons you list in your question are valid, and I would add the following... You are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: I think your reasons are good. Fundamentally accounting software is built to ensure you record your accounting da...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: I would add to your reasons: Would you mow an entire lawn with a string trimmer just because you can, or would yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: Since this is a cooperative I'm guessing your partners may want to be able to view the books so another key point...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: Why use spreadsheets rather than writing your forms and formulas directly in a programming lanuage? Because you'v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: Here are the few points: Hope that helps, ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do shares purchased on FTSE AIM move with company to other markets? ### Answer: Any shares you buy when a company is listed on one market will remain yours if the company moves to another market. Mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Contribute to both a SEP IRA and solo Roth 401(k)? ### Answer: In addition to the normal limits, A Solo 401(k) allows you to contribute up to 20% of net profits (sole proprietor) or 50% of salary (if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect myself against unauthorized recurring CC charges? ### Answer: The bank SHOULD be able to issue you a new card without letting vendors roll over the recurring payments. In fact, I've nev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect myself against unauthorized recurring CC charges? ### Answer: There is no way to stop any merchant from setting a recurring charge flag on a purchase. According to the following article...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Employer no longer withholds, how do I self administer 401k ### Answer: You can't be doing it yourself. Only your employer can do it. If the employer doesn't provide the option - switch employers. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to move (or not move) an LLC from Illinois to New Mexico? ### Answer: Why not just leave it as is and register as foreign entity in New Mexico? You won't avoid the gross receipts tax, but other th...