query_id stringlengths 32 32 | query stringlengths 5 5.37k | positive_passages listlengths 1 17 | negative_passages listlengths 9 100 | subset stringclasses 7
values |
|---|---|---|---|---|
d5053afdacf3773674f1cf4928bfd1b3 | “Business day” and “due date” for bills | [
{
"docid": "0fe8ad531b8303ea06ea6b21256025fe",
"text": "I don't believe Saturday is a business day either. When I deposit a check at a bank's drive-in after 4pm Friday, the receipt tells me it will credit as if I deposited on Monday. If a business' computer doesn't adjust their billing to have a weekday du... | [
{
"docid": "133464c876056ea6f006d3b68d5352cd",
"text": "In the US there is no set date. If all goes well there are multiple dates of importance. If it doesn't go well the budget process also may include continuing resolutions, shutdowns, and sequestrations.",
"title": ""
},
{
"docid": "f2001e382... | fiqa |
2ddba64498dc5c3bf98d792e5fda7eb0 | How can I register a UK business without providing a business address? | [
{
"docid": "7105af373db635e924f9f01e352fc7d4",
"text": "You don't have to provide your personal home address per se. You can provide a legal address where Companies house can send across paper correspondence to. Companies house legally requires an address because directors are liable to their shareholders(e... | [
{
"docid": "2722f69315341259b6dfc8053db89d61",
"text": "Normal high street accounts certainly are available to non-residents. I have several, and I haven't been resident in the UK for fourteen years. However you do need to open them before you leave. They need identification. Once you have one open, the sam... | fiqa |
4be24be8a515e06f5115ccfbbb7d89f0 | Is business the only way to become a millionaire? | [
{
"docid": "fc961d78af0c6dc47b70cb7aedb508bc",
"text": "\"Not at all. The Millionaire Next Door offers a book full of anecdotes on couples that earned money and saved their way to being millionaires. I believe about 1/3 or so had businesses, but the rest were employed and simply saved wisely. $3860/yr save... | [
{
"docid": "6ceab9657a3d0586b638a48107e7f043",
"text": "\"It is difficult to become a millionaire in the short term (a few years) working at a 9-to-5 job, unless you get lucky (win the lottery, inheritance, gambling at a casino, etc). However, if you max out your employer's Retirement Plan (401k, 403b) for ... | fiqa |
a6e62f7014faca1b943b69cc49cc2440 | Requirements for filing business taxes? | [
{
"docid": "410ac68a03bad08212c249ea7a474349",
"text": "\"While she can certainly get an LLC or EIN, it isn't necessarily required or needed. She can file as a sole-proprietor on her (or your joint) taxes by filling out a schedule-C addition to the 1040. Any income or losses will pass through to your exis... | [
{
"docid": "c9465295f9681f3dc74f2e647335bfdd",
"text": "Since you are living in India and earning income not from salary, you must file your tax return under ITR4(Profits or Gains of Business or Profession). You can do it online on IncomeTax India eFiling website, step by step guide available here.",
"t... | fiqa |
ec7a4c4c75b46a47ec0246312c7043b1 | 1040 Schedule A Un-Reimbursed Business Expense Reporting | [
{
"docid": "27be59dd2f4445169ef9d91862353b69",
"text": "It would be unusual but it is possible that the expenses could be very high compared to your income. The IRS in pub 529 explains the deduction. You can deduct only unreimbursed employee expenses that are: Paid or incurred during your tax year, For carr... | [
{
"docid": "b288f4246d6d89e0c58cf716df4993bd",
"text": "\"$500, this is called \"\"cash basis\"\" accounting. A large company might handle it otherwise, counting shipments/billings as revenue. Not you. Yet.\"",
"title": ""
},
{
"docid": "bae6e8d76b98b2ba96a5520be36c2c8f",
"text": "I believe ... | fiqa |
1b82bdf8ad2d371e754173bcc1f3e16b | Does revenue equal gross profit for info product business? | [
{
"docid": "aa7b71cc6b057f22d94322cc900cc157",
"text": "What about web-hosting fees? Cost of Internet service? Cost of computer equipment to do the work? Amortized cost of development? Time for support calls/email? Phone service used for sales? Advertising/marketing expenses? Look hard--I bet there are some... | [
{
"docid": "8f5439eccba9927dbad2c3edb01e31dd",
"text": "Such activity is normally referred to as bartering income. From the IRS site - You must include in gross income in the year of receipt the fair market value of goods or services received from bartering. Generally, you report this income on Form 1040, S... | fiqa |
089982ef8045087bf652197aa9f7f8a5 | As a contractor, TurboTax Business-and-Home or Basic? | [
{
"docid": "1a14a26662b5dddc3d1492462f1f4415",
"text": "\"Assuming you file state tax returns, you shouldn't buy Basic. Ever. Your choice is probably between the \"\"Premier\"\" version and the \"\"Business and Home\"\" version. Price difference is insignificant (I have a comparison on my blog, including sh... | [
{
"docid": "90bf0c014b7268f7f6404fa099240da9",
"text": "This may not exactly answer your question but, as a small business owner, I would highly recommend having a professional handle your taxes. It is worth the money to have it done correctly rather than doing something wrong and getting audited or worse h... | fiqa |
d9b8db81646dee94276ba5471dde796f | Income Tax form in India for freelancing | [
{
"docid": "3829f2bd93fbc08fcf8d58ebe3c01c34",
"text": "\"ITR1 or ITR2 needs to be filed. Declare the income through freelancing in the section \"\"income from other sources\"\"\"",
"title": ""
},
{
"docid": "c9465295f9681f3dc74f2e647335bfdd",
"text": "Since you are living in India and earni... | [
{
"docid": "cb319900a611592c04987f31bf73e25a",
"text": "Please consult at CA for specific's to your case. In general any income earned abroad can be brought to India tax free within 7 years. For more details refer to http://www.nritaxservices.com/ret_indn.htm",
"title": ""
},
{
"docid": "358ca6c... | fiqa |
03d9b65f6f532efd2e4e9e10fe0d5e9a | Should I be filling out form W-9 for somebody I sold used equipment to? | [
{
"docid": "f1e3a3be118b48d06cf556ed92c5945f",
"text": "They are a business. You're not a corporation. They paid you more than $600 during the year, so they're supposed to send 1099 to you and the IRS about it. They need your taxpayer certification (W9) for that. They were supposed to ask for it before they... | [
{
"docid": "de91a74d3d2cb9541a9866e233ae6c28",
"text": "Typically that applies if the broker Form 1099-B reports an incorrect basis to the IRS. If the Form 1099-B shows incorrect basis relative to your records, then you can use 8949, column (g) to report the correct basis. The 8949 Instructions provide a ... | fiqa |
eae76d0c8dd5554133eea082f629e2aa | Is a 10 year old uncashed paycheck still good? | [
{
"docid": "536ccae68d4f08d18c19a5b3116b231e",
"text": "You probably can't deposit the check directly, but there are mechanisms in place to get your money through other means. In the US, all states and territories have an unclaimed property registry. Before you contact the company that wrote the check, you ... | [
{
"docid": "1aac6eba5fa292c4d798a14ff58e8758",
"text": "\"When I deposit my paycheck in CapOne I have an email before I am out of the app that they received my check. I have access to some portion of the cash now and the rest the next business day, however they put things in order to NOT overdraft me. For i... | fiqa |
778880460cd5e9ed7c204b185ecbfd80 | I started some small businesses but need help figuring out taxes. Should I hire a CPA? | [
{
"docid": "cafb2ea99a976ce5bbf5241c05227ca4",
"text": "The only professional designations for people allowed to provide tax advice are Attorney, EA or CPA. Attorney and CPA must be licensed in the State they practice in, EA's are licensed by the Federal government. Tax preparers are not allowed to provide ... | [
{
"docid": "11fb8e7e63dd941dffe0099876b5abc8",
"text": "If the money comes to you, then it's income. If the money goes out from you, it's an expense. You get to handle the appropriate tax documentation for those business transactions. You may also have the pleasure of filing 1099-MISC forms for all of you... | fiqa |
dde3f08333a831527db686f33d7cb940 | Forgot to renew Fictitious Name application within the county. What is the penalty for late filing? | [
{
"docid": "6ef9a41ae9c48fc552d8ff06b44d2360",
"text": "I checked this myself and there is no monetary penalty for late filing. However, since I am late I have to do all publication over again which costs me extra $50.",
"title": ""
}
] | [
{
"docid": "071f7252ad58078526431800146394df",
"text": "\"When you say \"\"set aside,\"\" you mean you saved to pay the tax due in April? That's underpaying. It's a rare exception the IRS makes for this penalty, hopefully it wasn't too large, and you now know how much to withhold through payroll deductions.... | fiqa |
189eea3747ed3f04e3ab018e3ff786a8 | When should I start an LLC for my side work? | [
{
"docid": "59c7fd30c8303ec146bf06020749ffcb",
"text": "The major reason to start an LLC for side work is if you want the additional personal liability protection afforded by one. If you're operating as a sole proprietor, you may be exposing yourself to liability: debts and judgments against your business ... | [
{
"docid": "b2635248cd6f4a5ad54e321d27fcb3d6",
"text": "\"Basically, yes. Don't use your business account for personal spending because it may invalidate your limited liability protection. Transfer a chunk of money to your personal account, write it down in your books as \"\"distribution\"\" (or something s... | fiqa |
d898ef618a6ae1248a6b7c9253556c21 | Form 1042-S for foreign resident and owner of trade account | [
{
"docid": "ffe42a6e748797d0223dd014d46a1239",
"text": "As you have indicated, the 1042-S reflects no income or withholding. As such, you are not required to file a US tax return unless you have other income from the US. Gains on stocks are not reported until realized upon sale. FYI, your activity does no... | [
{
"docid": "35c5605589b6b4dbdea21675a10af603",
"text": "There might be a problem. Some reporting paperwork will have to be done for the IRS, obviously, but technically it will be business income zeroed out by business expense. Withholding requirements will shift to your friend, which is a mess. Talk to a li... | fiqa |
1122f64f32554e947dc79f297d54531f | Estimated Taxes Fall Short of tax liability — how do I pay extra online (Federal and NYS) | [
{
"docid": "343eb328af1954172314cc6324db1e9a",
"text": "If you qualify for the safe harbor, you are not required to pay additional quarterly taxes. Of course, you're still welcome to do so if you're sure you'll owe them; however, you will not be penalized. If your income is over $150k (joint) or $75k (sing... | [
{
"docid": "b293a75aa6a5ccb721f4fe72a5f50768",
"text": "The W4 specifies withholding for income taxes, FICA taxes are not impacted. The tax withholding is do that you do not need to make estimated tax payments. Failing to make sufficient quarterly estimated tax payments or withholding a sufficient amount co... | fiqa |
743e4a39d4c3a52c73bf45654200d896 | My company owed taxes for many years, An accountant asked me to ignore it and register a new one. Is it a right thing to do? | [
{
"docid": "29cfc7f33519a8138a57a090f51a686a",
"text": "I think the first step is to get an accountant whose advice you believe. Your accountant is far better placed to advise you on what sounds like a fairly complicated, fairly high stakes corporate arrangement than the internet. I would go back to the ac... | [
{
"docid": "6930ffd3459df51d2e594465b3b8a9f1",
"text": "There's nothing wrong with your reasoning except that you expect the tax laws to make perfect sense. More often than not they don't. I suggest getting in touch with a professional tax preparer (preferably with a CPA or EA designation), who will be able... | fiqa |
537e132a674ca670a229c10e4aa93979 | Does receiving a 1099-MISC require one to file a tax return even if he normally would not be required to file? | [
{
"docid": "f32d820d97c3f202be1a3c1a88a1820b",
"text": "\"Does he need to file a tax return in this situation? Will the IRS be concerned that he did not file even if he received a 1099? No. However, if you don't file the IRS may come back asking why, or \"\"make up\"\" a return for you assuming that the who... | [
{
"docid": "57fbee9831e6442f6cf8d4f9f3c712b6",
"text": "I can't find specific information for Form 1099-DIV for this tax year. However, I found this quote for next tax season that talks about Form 1099-B: Due date for certain statements sent to recipients. The due date for furnishing statements to recipi... | fiqa |
a2e2a9d42db5bdd90590552e51c16ecc | Investment time horizon: When is it acceptable to withdraw money from investments? | [
{
"docid": "16741273c6cb8b6491a181cee2385490",
"text": "\"shouldn't withdraw stock investments for at least 5 years would be better re-phrased as: \"\"don't invest money in stocks if you (really) need it within next few years\"\". The underlying principle is: stocks are one of the higher-risk investment cla... | [
{
"docid": "c4ec080f48901e5d1591782ca087bcba",
"text": "The Trinity study looked at 'safe' withdrawal rates from retirement portfolios. They found it was safe to withdraw 4% of a portfolio consisting of stocks and bonds. I cannot immediately find exactly what specific investment allocations they used, but n... | fiqa |
9cc103ba94761e994536cc636b3af31b | What does “Income generated in the U.S.” mean? | [
{
"docid": "d80c18ea48134a0b736e4a9b6d587ae9",
"text": "It means you must pay federal (and possibly state) tax on any income you produce in America -- including Internet and mail-order sales. Tax treaties may keep you from having to pay tax on it again in your own country, or may not.",
"title": ""
}
... | [
{
"docid": "e8d5cf282efac11e79e96e042aacb9f1",
"text": "\"... until they collapse too!!! This is \"\"Luft Gesheft\"\": German/Yiddish for \"\"making money out of thin air\"\". Money should be made by making things and building things - adding value to something. Apple Computers is one example - they mak... | fiqa |
146b680e601f01e81e743f770a4e1606 | Canadian accepting money electronically from Americans | [
{
"docid": "d11cb4a3b0931a5b400b4622e812ebf8",
"text": "I am not aware of a version of Interac available in the U.S., but there are alternative ways to receive money: Cheque. The problem with mailed cheques is that they take time to deliver, and time to clear. If you ship your wares before the cheque has cl... | [
{
"docid": "ed7f6e1d3fdc84d50b5109a5767fead5",
"text": "\"The other answers describe why this is highly likely to be a scam. This answer describes why you don't want to get involved, even in the unlikely case that it isn't a scam. I'm describing this using US law (which I'm not particularly familiar with, ... | fiqa |
fdbe76bf38ab13a79af0e3555ec06ed9 | Changing Mailing Adress | [
{
"docid": "e4e737a1d341684e7ec552449ffb19bb",
"text": "If you call them, you can make sure they'll use the new address, but if you want to do it online, there is some risk that the update is delayed. Note also that an address change with an immediate request for a replacement debit card smells very fishy -... | [
{
"docid": "330f47ad6c66d22e32a300dd81b5d63a",
"text": "\"It depends on the rules in the specific places you stay. Specific places being countries or states. Some states may consider pension payments to be taxable income, others may not. Some may consider presence for X days to constitute residency, X d... | fiqa |
4d070ab9901fac8db231acdaae2532f6 | Where should I invest to hedge against the stock market going down? | [
{
"docid": "c4af7c5b84f8a8e9b587e166afcedb5c",
"text": "If you believe the stock market will be down 20-30% in the next few months, sell your stock holdings, buy a protective put option for the value of the holdings that you want to keep. That would be hedging against it. Anything more is speculating that t... | [
{
"docid": "8615e9a68e1874e10f12d06764d16009",
"text": "Your question reminds me of a Will Rogers quote: buy some good stock, and hold it till it goes up, then sell it. If it don’t go up, don’t buy it. There's no way to prevent yourself from buying a stock that goes down. In fact all stocks go down at some... | fiqa |
a8d95bbb2a5808e3f17d3a092c9fd266 | FATCA compliance for small Foreign Company. What do I need to do? | [
{
"docid": "cd457dc2775f548272da666b546bbfaf",
"text": "Unless you started a bank or other kind of a financial institution (brokerage, merchant processor, etc etc), the page you linked to is irrelevant. That said, there's enough in the US tax code for you to reconsider your decision of not living in the US,... | [
{
"docid": "00bc89ab3a0057676da35438e13822f5",
"text": "I have just established a limited company (three directors spread around the UK) and I am in the process of setting up a business account. We will be able to arrange everything over the phone and each of us will have to appear in one of the branches wi... | fiqa |
d7063513a5fbae992525227eda0ef13a | Filing Form 7004 if an LLC's only members are husband and wife | [
{
"docid": "6c6506ac79cb6824fd2b472b524cba0f",
"text": "Since you both are members of the LLC - it is not a single-member LLC, thus you have to file the tax return on behalf of the LLC (I'm guessing you didn't elect corporate treatment, so you would be filing 1065, which is the default). You need to file fo... | [
{
"docid": "0fe37bd3e480b3c4d7d039cdfb26aa2a",
"text": "\"IANAL, but no, this is not sound legal advice. There are a few things that stick out to me as fishy. First off: you are calculating the 3% safe-harbor on the 2017 compensation limit of $270k, but limiting yourself to $53k in total contributions which... | fiqa |
0d075b8c1f3b7e62dd0432804966f15e | Can dividends be exploited? | [
{
"docid": "f202937ec26c18b06aa1ba3356b006ad",
"text": "Yes, somebody could buy the shares, receive the dividend, and then sell the shares back. However, the price he would get when he sells the shares back is, ignoring other reasons for the price to change, exactly the amount he paid minus the dividend.",
... | [
{
"docid": "c82725f2c339667dd6c65fc2bae50c3e",
"text": "I'm trying to think it out, but I feel like it would be hard to justify using potential profit sources as material for dividends. Especially your example of wine. Wouldn't it be counterintuitive to take a hit to sales, while still having the cost of pr... | fiqa |
c95779c2192e64eac83e77b80bca4455 | Does the low CAD positively or negatively impact Canadian Investors? | [
{
"docid": "c6f80f2cd50f3b106f8575fffc775665",
"text": "If you buy US stocks when the CAD is high and sell them when the CAD is lower you will make a currency gain on top of any profit or loss from the stock investments. If you buy US stocks when the CAD is low and sell when the CAD is higher any profits fr... | [
{
"docid": "fe938688353d8877de8a9b0627e67415",
"text": "Get used to it. This trend won't change while investors are 100% focused on quarterly results at the expense of long-term investment and growth strategies from companies. Successful businesses that don't need a large capital injection will stay the cou... | fiqa |
0e68ebae39ba740e8b94270242d6cd41 | How to know more about my tax situation in the States | [
{
"docid": "285656fee715b39a89d1eaadd137f3b2",
"text": "The LLC (not you) is probably in debt to the California FTB. Any LLC registered in California must pay at least $800 a year, until it is officially dissolved (i.e.: notice of cancellation/dissolution properly filed with the California Secretary of Stat... | [
{
"docid": "4867627f8a0ac6019c5a4cb6e87e0422",
"text": "Unfortunately, the tax system in the U.S. is probably more complicated than it looks to you right now. First, you need to understand that there will be taxes withheld from your paycheck, but the amount that they withhold is simply a guess. You might p... | fiqa |
a49043558ac2cb7a23ae546180b55356 | Can an Indian citizen/resident invest in a US company and collect the profits in India? | [
{
"docid": "b6646ff19b07b11380f830d396ec304d",
"text": "Every month I will get a return in from my share of the profit which would be used for repayment of capital and interest in India. Not to sure what the business plan is. Please factor all the modalities, Exchange rate fluctuations, etc. My concern is r... | [
{
"docid": "d137f8ba2fc7c051f2118309f7059b59",
"text": "There is no such thing as double taxation. If you pay tax in the US, you CAN claim tax credits from India tax authority. For example, if you pay 100 tax in USA and your tax liability in India is 200, then you will only pay 100 (200 India tax liability... | fiqa |
9c102b33a2ace4b289b13d1ffaa1e1bd | Is a robo-adviser worth the risk? | [
{
"docid": "87a9f1d455a99760f43c4389b1a0863d",
"text": "If you are looking for an advisor to just build a portfolio and then manage it, a robo-advisor can be beneficial (especially if the alternative is doing it your self, assuming that you are not well versed in the markets). The primary risk with one is t... | [
{
"docid": "934db7ebe0f517eaa0042ab40cbaf8e8",
"text": "Totally agree. Autonomous cars can **increase margins** in the insurance industry since there will be fewer claims. **for Geico - less administration and higher margins. Buffet is probably ecstatic.** Edit: Not saying that this is in the best in... | fiqa |
c98bfc141f6131171cb77c22f35e4802 | Can anybody explain the terms “levered beta riders”, “equity long-short” and “the quant process driven discipline” for me, please? | [
{
"docid": "a363dc606b8f75dc5fba7f9e4c16aa95",
"text": "\"Leverage here is referring to \"\"financial leverage\"\". This is the practice of \"\"levering\"\" [ie increasing, like the use of a lever to increase the amount of weight you can lift] the value of your investment by taking on debt. For example: if... | [
{
"docid": "f4644d808e6ad59b2b32bb273f916605",
"text": "Just adding on a touch, when market participants refer to swaps they are talking about the fixed leg. So for example, if I said a 5y Receiver, it means I am receiving fixed, paying floating. Ie I want yields to fall. Opposite for a Payer. Swaption i... | fiqa |
ce839ec2aad86104dff7fa96848c0bae | The formula equivalent of EBITDA for personal finance? | [
{
"docid": "3c18936134dd50e460e05e862adfbb23",
"text": "This should not be taken to be financial advice or guidance. My opinions are my own and do not represent professional advice or consultation on my part or that my employer. Now that we have that clear... Your idea is a very good one. I'm not sure abou... | [
{
"docid": "1ebc364846535cd64021290e9b7af494",
"text": "You could create your own spreadsheet of Cash Flows and use the XIRR function in Excel: The formula is:",
"title": ""
},
{
"docid": "a19ebf47a6a423a517f69a38387dc80f",
"text": "If it's number of years and the interest is per-annum the f... | fiqa |
66abc0130efe0fb2f032ca1580b4a5ee | What's the least risky investment for people in Europe? | [
{
"docid": "378ec592a5f1b41b1db8f08993284ba1",
"text": "\"First of all, congratulations on saving some money. So many people these days do not even get that far. As far as investments, what is best for you depends heavily on your: Here is a quick summary of types of assets that are likely available to you, ... | [
{
"docid": "7847578cee6631c25a5d983b43d22e33",
"text": "\"On contrary of what Mike Scott suggested, I think in case of EURO DOOM it's a lot safer if your savings were changed into another currency in advance. Beware that bringing your money into an EURO CORE country (like Finland, Austria, Germany, Netherel... | fiqa |
6868bc0f581131d38934967f9f472389 | How do the wealthy pay for things? | [
{
"docid": "b23d1bc1dc22e8aef985a8bf65abb967",
"text": "\"This is second hand information as I am not a millionaire, but I work with such people everyday and have an understanding of how they handle cash: The wealthy people don't. Simple. Definitely not if they don't have to. Cash is a tool to them that the... | [
{
"docid": "323c75c34ba054d6ba99ed51108702ae",
"text": "Right, just like computers are only available to the upper class. In reality, the wealthy would just be the initial market. As their demand causes supply increases/cost innovation, prices will inevitably fall (and philanthropy almost certainly rise),... | fiqa |
2fda7195ef3ddc7d497367236964bb28 | How can I import customers and invoices from a previous year's Gnucash file? | [
{
"docid": "52814076ebf3e11bea5315414acf2240",
"text": "There does not appear to be a way to export the customers and invoices nor a way to import them into another data file if you could export them. However, as said in the comments to your question, your question seems predicated upon the notion that it i... | [
{
"docid": "aa1f9c1214d7c33fb2a1e73c46fcb482",
"text": "\"You don't. No one uses vanilla double entry accounting software for \"\"Held-For-Trading Security\"\". Your broker or trading software is responsible for providing month-end statement of changes. You use \"\"Mark To Market\"\" valuation at the end ... | fiqa |
ed6af87c965499dd1bfb2280d10f2365 | How to categorize shared income? | [
{
"docid": "0a20f2b828717286cfbfbb1a44c7c8dd",
"text": "My company did not have income of $1000 and have a $500 expense Why not? Your company received $1000 from you, and based on its agreement with the other company - transferred out half of it. How does it not translate to having $1000 income and $500 exp... | [
{
"docid": "41372fce8481716fd887860e6d3e94db",
"text": "The three places you want to focus on are the income statement, the balance sheet, and cash flow statement. The standard measure for multiple of income is the P/E or price earnings ratio For the balance sheet, the debt to equity or debt to capital (de... | fiqa |
6ab565c36a1be79b81439e827b354e78 | How prudent would it be to invest (stocks/equity) in businesses that are based on Cash transactions? | [
{
"docid": "865cc244d9602dce3a6c4e4f1b6bffbc",
"text": "If they're hiding their profits from the government, what makes you think they wouldn't hide their profits from their shareholders?",
"title": ""
},
{
"docid": "b81f264b75ed4b2f443dd090e38ece66",
"text": "Every listed company needs to m... | [
{
"docid": "2c0ae24ba33f029d528764a03af25505",
"text": "Yep, but it you didn't answer my question (edit: I know it was phrased as a question, but I do know youre supposed to model changes in cash). When bankers calculate all three approaches, how do they compare them? From what I see, the conclusion of each... | fiqa |
fe53dd5006d4c2b53c52e7923802b931 | Multi-state K-1 earnings to S-Corp | [
{
"docid": "f22a212586d8b23b70bd6ceb830ee793",
"text": "I'm not sure why you think that it matters that the distribution goes to an S-Corp vs an individual tax payer. You seem to think it has any relevance to your question, but it doesn't. It only confuses your readers. The situation is like this: LLC X is ... | [
{
"docid": "ee0f34fa27cb4ca84be860d651f060f3",
"text": "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 them. You get taxed on the portion of the net income that is attributable to you through the Sch... | fiqa |
e369e0a10f8682b1e4e638c1be982ea5 | Multiple SEO companies claiming I have a past-due invoice | [
{
"docid": "bc50b9007a2cfad07bb3d5dd53711ee6",
"text": "Reading stuff like this makes me want to go into the debt collection business. Just send letters to random people demanding money. Sounds like an easy way to make a living. What's your name and address? Just kidding. If they are sending stuff to a Virg... | [
{
"docid": "02dc5cfe87845930e123d0aeac9c47da",
"text": "Source: Business owner for 13 years. Unfortunately you may be hard-pressed to get that money back. You can try sending him to collections, but at that point it often starts to cost you more than what he owes you, in my experience. In the worst i... | fiqa |
0389dc5e98f7c193b6f79be188082248 | LLC Partnership Earned Income vs. Partnership Share | [
{
"docid": "9fcce2e26e6c538a861377e8073e48c7",
"text": "\"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 partner. It shouldn't and cannot \"\"vary\"\". There's no variables here, the income you report is the income alre... | [
{
"docid": "0dbea348d116e0cd6d2b731b617acf01",
"text": "Firstly if your Partnership makes less than $20,000 in revenue (before expenses are applied), then you cannot claim any net losses from the Partnership against your other income. However, you still need to include the Partnership details in your Tax Re... | fiqa |
ba5268794bae7b4dddb219dbbceda57f | How do I tell the Canada Revenue Agency that they're sending someone else's documents to my address? | [
{
"docid": "16d39c31e008e1360ae3061f08e0b4c5",
"text": "\"Maybe just put all his correspondence back in the Post Box and mark it \"\"Wrong address\"\"? Precisely. Without opening. Just tell the postman that that person doesn't live there and have it returned to sender. The Revenue will figure it out. Most... | [
{
"docid": "1b337ba4b5c23d37e1167fb56b64ba5a",
"text": "Square is a company. They need to detail as part of their corporate taxes all of their expenses. The money they collected for you, and sent to you, is not income for themselves. Their tax form included the amount of money they sent you, along with eith... | fiqa |
d73c3e56c16f63bc571001719775769f | If I were to get audited, what would I need? | [
{
"docid": "f04d7d481a8899992fa4ec882c5d0bc8",
"text": "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 forged or faked, a photo is one more step removed from the original. A mere listing on a web site isn't muc... | [
{
"docid": "f766087d13ac15a104961a481536a7af",
"text": "Does the friend fix your electrical wiring and the engine of your car? If you need a professional advice - ask a professional. In this case - an accountant (not necessarily a CPA, but at least an experienced bookkeeper). Financial Statements (official ... | fiqa |
7b3e785e935faaeee2d5e3cbad118c52 | Corporate Equity Draw vs Income | [
{
"docid": "ee0f34fa27cb4ca84be860d651f060f3",
"text": "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 them. You get taxed on the portion of the net income that is attributable to you through the Sch... | [
{
"docid": "0b055c497ebf3938a1c1d306b56febe6",
"text": "It is. The outstanding value is the net cash flow, but it will always be higher than cash outflow due to a constant growth rate/expected return. I was slightly confused when my manager told me to find the IRR before and after cash inflows (the whole li... | fiqa |
23fcf1260eaf05c4316b5d1135a83c14 | Made more than $600. Company does not issue 1099-MISC's. Enter income as general income? | [
{
"docid": "82643f07a5220a97f0efa5551e0b2d39",
"text": "I'm not sure how this gets entered in TurboTax, but this income from the company should be included in the Schedule C (or C-EZ) Line 1 Gross Receipts total, along with all of your 1099-MISC income from your business and any other income that your busin... | [
{
"docid": "9fd632a34c4689f4fcdbfb85bb386537",
"text": "You have to file and issue each one of them a 1099 if you are paying them $600 or more for the year. Because you need to issue a 1099 to them (so they can file their own taxes), I don't think there's a way that you could just combine all of them. Addit... | fiqa |
c9a10eee5fb2cabc189624d2bf88b911 | Are Investment Research websites worth their premiums? | [
{
"docid": "418560ccfabd92b6f509f8e16d8243ea",
"text": "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 the market adjusts itself. There's nothing they could possibly learn that analysts and institutional investors don't alr... | [
{
"docid": "97f41387c3e0e3a356c3818c5c8d2845",
"text": "\"No. I glanced through the article you linked to. It's quite lengthy, but not compelling. I'd not lose any sleep over this. Others with far better credentials are making the opposite claim, that life is good and the Dow on its way to 20,000. Back ... | fiqa |
34a331ce1cb2c48af839b568bf427eaa | Can a husband and wife who are both members of the same LLC file a joint tax return? | [
{
"docid": "7b9e65e73e1d2ee9ac596a33ff6295d8",
"text": "Since from the question it seems that you're talking about the US taxation, I'll assume that. You can definitely continue filing jointly. Being members of a partnership has no bearing on how you file your own tax return. The partnership will distribute... | [
{
"docid": "382a84ba2de816aeea68f21ab665c9b2",
"text": "Yes, absolutely she can. I come across small businesses from sole props to corps and llc who have their spouses employed. One thing to note is that the business won't need Workers Comp insurance if you're the only employee, if you hire anyone else you ... | fiqa |
d66cb93e5718852cf2c532e6b29a53ff | What securities is Return of Capital applicable to? | [
{
"docid": "de2b0f54bb412b964dac669ed6ced647",
"text": "\"Off the top of my head, I don't know of any publicly-traded companies that routinely earmark distributions as return of capital, but theoretically, it's certainly applicable to any publicly-traded company. The Wikipedia article gives one situation in... | [
{
"docid": "425ca438f571c50d943009d1bf53592a",
"text": "Do what's outlined here. The capital asset pricing model will reveal how an asset (a stock in this instance) performed relative to the market performance for that time period. This by itself will answer your assignment's question but allowing you to tr... | fiqa |
6da85c2b5b25cbd4a4a038522540003f | What do I need as documentation in order to pay taxes in the Netherlands? | [
{
"docid": "83ab3e868306499be668600aaafc67c9",
"text": "\"The Dutch tax office is pretty decent, although slightly overburdened. Don't expect a lot of help, but they're not generally known for making a lot of problems. Digital copies are fine, for instance. They will send you your first VAT notice. You prob... | [
{
"docid": "f4aa07f26f949b47c07d71acff501526",
"text": "Unfortunately, you are required, but most states do have agreements with neighboring states that let the states share the collected taxes without the person having to pay double taxes. So being as this is your first tax return in your current situation... | fiqa |
2de4362f8b2e74af00480d366f74f681 | Investment options for f1 visa students in USA | [
{
"docid": "065db451d8f3c8bfac3ce4d576a099a7",
"text": "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 investing for others). You just need to make sure you have a tax ID (either ITIN or SSN) and pay taxes on all ... | [
{
"docid": "9d53eb6e97cd4e36144f3f6406937ca0",
"text": "Thanks for the huge insight. I am still a student doing an intern and this was given as my first task, more of trying to give the IA another perspective looking at these funds rather than picking. I was not given the investors preference in terms of re... | fiqa |
5b45f8477f30c847f0d3ce24b8aaa04a | H&R Block says form 1120 not finalized? IRS won't take it yet? | [
{
"docid": "b891606bf041cfd022f36635be258918",
"text": "This form is due March 15. This year, the 15th is Saturday, so the deadline is Monday March 17th. Keep in mind, the software guys would have two choices, wait until every last form is finalized before releasing, or put the software out by late Novembe... | [
{
"docid": "49fcb429b4cc17c2db360a6d3770a84a",
"text": "Real world case: IRS: You owe us $x. You didn't report your income from job y. My mother: I didn't work for y. I don't even know who y is. IRS: If the W-2 is wrong, talk to them to get it fixed. My mother: I can't find y. Please give me an addre... | fiqa |
c0b51b86e94e35b93eae075b41c33d4d | Simple income and expense report in gnucash | [
{
"docid": "e2556cddd3a3db377c1f4eef65198dbc",
"text": "\"The official guide can be found here, but that can be a little in depth as well. To make good use of you need at least a little knowledge of double-entry bookkeeping. Double-entry bookkeeping, in accounting, is a system of bookkeeping so named bec... | [
{
"docid": "b274dcbeca8aaf4a0d475b7e2101809b",
"text": "Mint has worked fairly well for tracking budgets and expenses, but I use GnuCash to plug in the holes. It offers MSFT$ like registers; the ability to track cash expenses, assets, and liabilities; and the option to track individual investment transactio... | fiqa |
436d6cc688b9fa9e573c3359f9eb6a2e | US Expatriate, do I have to file for an extension, or do I automatically get it, as in without doing anything? | [
{
"docid": "353f51db94cf8b7edbcf4dbdb335d8b7",
"text": "\"The 2 months extension is automatic, you just need to tell them that you're using it by attaching a statement to the return, as Pete Becker mentioned in the comments. From the IRS pub 54: How to get the extension. To use this automatic 2-month exte... | [
{
"docid": "27fcc343ed9d01eac9eb28343ef02044",
"text": "\"The IRS W-8BEN form (PDF link), titled \"\"Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding\"\", certifies that you are not an American for tax purposes, so they won't withhold tax on your U.S. income. You're also t... | fiqa |
f30fa9945c4fe942f44ddf53d2d99761 | Can stock market gains be better protected under an LLC arrangement? | [
{
"docid": "4492a7c887b3e31a90e888103dd0f897",
"text": "All corporate gains are taxed at the same rate as corporate income, for the corporate entity, so this actually can be WORSE than the individual capital gains tax rates. There are a lot of things you can do with trading certain asset classes, like openi... | [
{
"docid": "557de771f5d36064911e7a767f197b57",
"text": "\"In US public stock markets there is no difference between the actions individual retail traders are \"\"permitted\"\" to take and the actions institutional/corporate traders are \"\"permitted\"\" to take. The only difference is the cost of those act... | fiqa |
d81cb16eb0ffd92c4180c12107f0ac3a | If I helped my friend to file taxes; can I represent her on a phone call with FTB? | [
{
"docid": "43b6a6314df58b5577773b462b416b10",
"text": "In order for you to be able to talk to the FTB on someone's behalf, that someone has to submit form 3520. Note that since you're not a professional, this form must be paper-filed (CRTP, EA, CPA or attorneys can have this filed on-line). Once the form i... | [
{
"docid": "097521db220e281281b9e1ab8b2be1a0",
"text": "\"Does her dad still have the records from those tax years? If so, I would suggest using those as a basis and if they're complete, just filing them directly. If we're talking about software recommendations, I would suggest GenuTax as it allows for comp... | fiqa |
477b48164ca6904020ce6a521f9b58c1 | “Occupation” field on IRS Form 1040 | [
{
"docid": "28ca8044728004376da120c7f572a56f",
"text": "\"It doesn't generally matter, and I'm not sure if it is in fact in use by the IRS other than for general statistics (like \"\"this year 20% of MFJ returns were with one spouse being a 'homemaker'\"\"). They may be able to try and match the occupation ... | [
{
"docid": "26ce60fef4f08824a11abf3f8009ba3b",
"text": "The IRS defines income quite specifically. On the topic What is Taxable and Nontaxable Income, they note: You can receive income in the form of money, property, or services. This section discusses many kinds of income that are taxable or nontaxable. It... | fiqa |
873d0cda976a62a1bec378b0f14f4d6f | Can a company charge you for services never requested or received? | [
{
"docid": "0a0f16b824e6dab326bf5f18bbd456c0",
"text": "In general, you can only be charged for services if there is some kind of contract. The contract doesn't have to be written, but you have to have agreed to it somehow. However, it is possible that you entered into a contract due to some clause in the h... | [
{
"docid": "2edf29c8d6d138c80ffaab5b810e5260",
"text": "If there was some contract in place (even a verbal agreement) that he would complete the work you asked for in return for payment, then you don't have to pay him anything. He hasn't completed the work and what he did do was stolen from another person. ... | fiqa |
6d6b79775dd2b0a6994b1e8f7b9a06d9 | Received a late 1099 MISC for income I reported already, do I have to amend? | [
{
"docid": "a5408e30c2d6c43f2afb3f4f8abe26f3",
"text": "Why would the IRS be coming after you if you reported the income? If you reported everything, then the IRS will use the 1099 to cross-check, see that everything is in order, be happy and done with it. The lady was supposed to give you the 1099 by the e... | [
{
"docid": "82643f07a5220a97f0efa5551e0b2d39",
"text": "I'm not sure how this gets entered in TurboTax, but this income from the company should be included in the Schedule C (or C-EZ) Line 1 Gross Receipts total, along with all of your 1099-MISC income from your business and any other income that your busin... | fiqa |
ba799406a237f89be1c282d77ac84ae0 | What are useful indexes for rapid evaluation of country investment risk? | [
{
"docid": "9c35407c8dfdd0bc2be3f53cac7a1ea2",
"text": "Rather than using the Human Development Index or Ease of Doing Business, if you primary purpose is for investments, you need to consider the Country rating provided by various agencies like These would tell as to how good the country is for investment... | [
{
"docid": "97ba7c78d9da95d26c6773d89ff25ec3",
"text": "\"It's interesting that you use so many different risk measures. Here's what I'd like to know more in detail: 1) About the use of VaR. I've heard (from a friend, may be unreliable) that some investment managers like Neuberger Berman doesn't use VaR fo... | fiqa |
8e0d96d2b0936b153fb9b56f2ab09ec2 | As a Canadian, what should I invest in if I'm betting that the Canadian real estate will crash? | [
{
"docid": "e2eb5c74ba2e69423dffe0658b4f048f",
"text": "If you believe you can time the crash, then We all know what comes after a crash… just as we know what comes after the doom, we just don’t know when….",
"title": ""
}
] | [
{
"docid": "0e5ca9e4f001385b1c89662258f20c91",
"text": "If the market has not crashed but you know it will, sell short or buy puts. If the market has crashed, buy equities while they are cheap. If you don't know if or when it will crash hold a diversified portfolio including stocks, bonds, real estate, and... | fiqa |
6196184cecfe67501d37503b228070e1 | How can someone invest in areas that require you to be an accredited investor [without qualifying as an accredited investor]? | [
{
"docid": "b9ea9cf5c85d2271ea0ef94a55a5a5bf",
"text": "Unfortunately it is not possible for an ordinary person to become an accredited investor without a career change. Gaining any legal certification in investments typically require sponsorship from an investment company (which you would be working for). ... | [
{
"docid": "0b4d041501b889e30080b61b2a31216c",
"text": "You could certainly look at the holdings of index funds and choose index funds that meet your qualifications. Funds allow you to see their holdings, and in most cases you can tell from the description whether certain companies would qualify for their ... | fiqa |
5ac89e6d58c5702e8ccfd7b140308c6c | How do I pay my estimated income tax? | [
{
"docid": "7d040358f6a20041bc83832cbfa7f5f6",
"text": "Congratulations on starting your own business. Invest in a tax software package right away; I can't recommend a specific one but there is enough information out there to point you in the right direction: share with us which one you ended up using and w... | [
{
"docid": "177452e08f5bcd1a5ccb6fada4720bcd",
"text": "\"(Insert the usual disclaimer that I'm not any sort of tax professional; I'm just a random guy on the Internet who occasionally looks through IRS instructions for fun. Then again, what you're doing here is asking random people on the Internet for help... | fiqa |
49c1e0f11ad427f8e527db5beb04e859 | How do I resolve Free Fillable Tax Form error F1040-524-01? | [
{
"docid": "d1513d548321287b8b1ab7d6ac433981",
"text": "\"Buried on the IRS web site is the \"\"Fillable Forms Error Search Tool\"\". Rather than including an explanation of errors in the rejection email itself, you're expected to copy and paste the error email into this form, which gives more details about... | [
{
"docid": "37fae8f27e78d0cf8f028bbb889a9884",
"text": "The employer most likely has already sent that money that was withheld to the IRS. Therefore they cannot refund you any money. Instead you need to get the money back from the IRS. You do this by filing a tax return. Your W2C will show that taxes were ... | fiqa |
b6c4a8f58adbc481c3457fdeeaed57ea | How to calculate S corporation distribution from past K-1s? | [
{
"docid": "02292628aef5bf27e8c5d0b8201e263a",
"text": "Phil's answer is correct. Just to add to his response: Distributions are not taxable events -- you already paid your taxes, so you can take out $50k or $52k and the IRS is not concerned. You can simply write yourself a check for any amount you choose! ... | [
{
"docid": "818e4c0014c78e9b1e1f2d31529ae8ab",
"text": "You simply add the dividend to the stock price when calculating its annual return. So for year one, instead of it would be",
"title": ""
},
{
"docid": "cbe2602216d25f7f2f97e3625c46ea0b",
"text": "\"(Value of shares+Dividends received)/... | fiqa |
2b75f3dbc9e2edb359be739a9648cb5b | Filling Balance sheet in ITR4 for freelancers | [
{
"docid": "ca9561fce46ca68de2a189227d7c91b2",
"text": "\"ITR-4 is for incorporated business. For freelancing, You can fill ITR 2 and declare the freelancing income as \"\"income from other source\"\". Refer to the Income Tax website for more details\"",
"title": ""
}
] | [
{
"docid": "36933c8b079e518d1fe172462a6c9355",
"text": "It's better to use the accounting equation concept: Asset + Expenses = Capital + Liabilities + Income If you purchase an asset: Suppose you purchased a laptop of $ 500, then its journal will be: If you sell the same Laptop for $ 500, then its entry wil... | fiqa |
f99f755bb030c8164c3d9c8a95912d34 | Lump Sum Investing vs. Dollar Cost Averaging (as a Long Term Investor) | [
{
"docid": "876a9afbec24369bf05e5fbbf8a0ed8f",
"text": "I think you're not applying the right time scale here. ESPP (Employee Stock Purchase Plan) is usually vesting every 6 months. So every half a year you receive a chunk of stocks based on your salary deduction, with the 15% discount. Every half a year yo... | [
{
"docid": "f4787628c60d6a60b91a5d4684dfa6b6",
"text": "What are the risks pertaining to timing on long term index investments? The risks are countless for any investment strategy. If you invest in US stocks, and prices revert to the long term cyclically adjusted average, you will lose a lot of money. I... | fiqa |
511f647aa9e7ea70119f54bf2a3663d6 | How did Bill Gates actually make his money? | [
{
"docid": "b06dbc7ce5a82c30fc8a0c8b1ccf8fd5",
"text": "Bill was the founder of Microsoft, so he did indeed have a large number of shares as the company was growing exponentially. He has previously donated a large share of his fortune to the Bill and Melinda Gates foundation, so his fortune would be even g... | [
{
"docid": "db8b1714a47d047e039ee0a498b8ef5a",
"text": "You seem to be confused - try answering these: 1. Whom do the traders work for? 2. What are the traders trading and how do they acquire those vehicles? 3. How does a company make money and how does that money get deployed? Google will be crucial fo... | fiqa |
3d234ba270dd3426e9867f4cdddca51b | How do you compare the sales of a company like Coca Cola against another company like JPMorgan Chase to figure out the best investment opportunity? | [
{
"docid": "7a36739f706ca09ab842d04ca1df17c1",
"text": "The question isn't sales but profits. Banks traditionally profit by making loans. Just as with a physical product, there are costs involved, income produced, and the difference between the two is gross profit. From there you can get net profit, and fro... | [
{
"docid": "47d614e8a3ff344a63666b7022297125",
"text": "Something to consider is how broad is Yahoo! Finance taking in their data for making some comparisons. For example, did you look at the other companies in the same industry? On the Industry page, the Top Life Insurance Companies by Market Cap are mos... | fiqa |
d0a56e43ac9b19d0d076beb980295ab0 | Do I need to file a 1099 form for contractors associated with hobby income? | [
{
"docid": "68a64f99ce3e7b39eb632a8f6aefc86a",
"text": "You are expected to file 1099 for each person you pay $600 a year. I.e.: not a one time payment, but the total over the course of the year. Since we don't know how much and what else you paid - we cannot answer this question. The real question you're a... | [
{
"docid": "d715a1051df70433a15f15013544d74a",
"text": "\"Thinking about the business overall, your \"\"profit\"\" would be: Since this is a sole proprietorship, the taxes are going to depend on your marginal tax rate. If you file jointly, your income will determine what your marginal tax rate is. If you f... | fiqa |
3b7e9d033003b81c27ad01ac487ecca0 | Hired with W-9, will I owe estimated tax quarterly? | [
{
"docid": "e5ce258c252eb127e48a7a588eb6ee11",
"text": "You must pay your taxes at the quarterly intervals. For most people the withholding done by their employer satisfies this requirement. However, if your income does not have any withholding (or sufficient), then you must file quarterly estimated tax pay... | [
{
"docid": "3fe97da3da12776e31cfb58e16e57f81",
"text": "\"It's likely you don't have to make estimated tax payments if this is your first year of contracting (extra income), and your existing salary is already having taxes withheld. If you look at the 1040-ES: General Rule In most cases, you must pay estima... | fiqa |
f0fadfb214daf20915ed5e9f4715cf6d | Why are residential investment properties owned by non-professional investors and not large corporations? | [
{
"docid": "f11efb8a075ef99cef40110adf99057a",
"text": "\"Because the returns are not good. One of the big drivers in Australia is \"\"negative gearing\"\": if your investment loses money you can offset losses against your tax on other income. Institutional investors and corporations are in the business of ... | [
{
"docid": "562c42a443fff22c390f5e45bb7d2402",
"text": "\"Maybe a bit off topic, but I suggest reading \"\"Rich Dad Poor Dad\"\" by Robert Kiyosaki. An investment is something that puts money to your pocket. If your properties don't put money to your pocket (and this seems to be the case), then they're not ... | fiqa |
acfa9ad1c1bad72244be67b7135eab15 | Avoiding sin stock: does it make a difference? | [
{
"docid": "c7f2f5a0598d83458ee9ca91a1201849",
"text": "Yes, it does matter. You are right that lower demand for a stock will drive its price down. Lower stock prices can hurt the company. Take a look at Fixee's answer to this question: a declining share price will make it hard to secure credit, attract fur... | [
{
"docid": "738f4f01cacfac6815ef39b5068ee1ea",
"text": "I don't know too much about the kelly criterion, but going by the other answers it sounds like it could be quite risky depending how you use it. I have been taught the first thing you do in trading is protect your existing capital and any profits you h... | fiqa |
0344646fa9e8ea02e6a177b3e1985b5f | Canadian in California - filing taxes as a non-resident | [
{
"docid": "1821d489190ca4b39fdd9e8a953ad6d1",
"text": "\"What do you mean by \"\"Canadian income\"\"? Was it income paid to you as wages for the job you did in the US? Or rental/interest income in Canada? If the former - then it doesn't go to NEC, it goes to the main part of the return. If the latter - it ... | [
{
"docid": "27fcc343ed9d01eac9eb28343ef02044",
"text": "\"The IRS W-8BEN form (PDF link), titled \"\"Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding\"\", certifies that you are not an American for tax purposes, so they won't withhold tax on your U.S. income. You're also t... | fiqa |
7fe2adece03a542541107e1c2c05ffed | If the former owner of my home is still using the address, can it harm me? | [
{
"docid": "786c59e47191338a9ea67a111bbb1567",
"text": "Give it to your mailman to return to sender. For this kind of material, return service is always requested, and it will let the bank know that they have incorrect address information. If the owner needs the cards, he'll contact the bank, or the bank wi... | [
{
"docid": "0572d8145317a4ad82e1ea9467de9d01",
"text": "I have prepared a report on scam's like this. I'd be happy to deliver a copy of the report to your home. Just give me your address and mail me the keys to your house and I'll drop by and leave it in your home. Oh, and tell me a time when you won't be h... | fiqa |
3b26da31eee029ca94b26f619cd9b4cc | Can I just file a 1040-ES? | [
{
"docid": "90ac357b1ab65e33ccc03a8fbdc10b0f",
"text": "Yes, you can send in a 2012 1040-ES form with a check to cover your tax liability. However, you will likely have to pay penalties for not paying tax in timely fashion as well as interest on the late payment. You can have the IRS figure the penalty and ... | [
{
"docid": "f5cfa6200bbb4657e77e736027602d4d",
"text": "It is true that with a job that pays you via payroll check that will result in a W-2 because you are an employee, the threshold that you are worried about before you have to file is in the thousands. Unless of course you make a lot of money from bank i... | fiqa |
b9535723ccad167362b2e8851d398acf | What should I look at before investing in a start-up? | [
{
"docid": "69c800a214fea8ba36b21214ef3e66fc",
"text": "Here are the basic questions I usually ask any new business startup: Do these numbers/answers seem reasonable to you and is some benchmark available that allows you to see how likely this is? Remember, particularly in Internet-based advertising ventu... | [
{
"docid": "165c8721276816e9d3741cd78e343015",
"text": "Pick one stock (probably within Utilities) and know it well. Understand what it trades on (EV / EBITDA, P / E, P / Rev) and why. What are the typical margins for the industry? What are rev growth trends? What isn't priced in? I think studying one compa... | fiqa |
d22eb91da77474571f6bae3f45bb4325 | Dec 31 accounting for S Corp - what to do with loss? | [
{
"docid": "268e69dc5931c26a823eba881d202228",
"text": "Conceptually, the entries are: Yes. And since you're the sole owner, your basis will equal to the equity balance on the balance sheet. Keep in mind the book and tax basis will probably be different, so you may want to keep a separate calculation to t... | [
{
"docid": "c356e65fae1f20d399d29664a93e6301",
"text": "Here's the best explanation I found relating to why your T4 box 39 might not have an amount filled in, even when box 38 has one: Department of Finance – Explanatory Notes Relating to the Income Tax Act [...]. It's a long document, but here's the part I... | fiqa |
aa1a4ae3c1023b774c7495f1944d4795 | Received mysterious K-1 form, seeking answers | [
{
"docid": "e0a23b436069fb1ebdb4e83095041424",
"text": "\"You should contact the company and the broker about the ownership. Do you remember ever selling your position? When you look back at your tax returns/1099-B forms - can you identify the sale? It should have been reported to you, and you should have r... | [
{
"docid": "7da971f8aec74ab1da208c8d182c2eb1",
"text": "\"Context: My parents overseas (Japan) sent me a little over $100,000 to cover an expensive tuition payment and moderate living expenses in 2014. They are not US residents, Green card holders or citizens. They did not remit the tuition payment dire... | fiqa |
dd728e274bccd721f0555e099cbe636b | How to allocate profit and loss in partnership where one partner's activities are profitable and the other's aren't? | [
{
"docid": "4d08b1f08fde38cbbb81874de0a9017d",
"text": "You should have a partnership agreement of some sort. The reason partnership agreements exist is so nobody can change the game because of the outcome. I'd say the most typical partnership agreement is that everyone gets an equal cut, meaning that ev... | [
{
"docid": "76d3a95d25ff7bb001a41cb51f5d5769",
"text": "\"Can I deduct the money that I giving to my team mates from the taxes that I pay? If yes, how should I record the transaction? Why? Why are you giving money to your team mates? That's the most important question, and any answer without taking this i... | fiqa |
4cc848e96c9a8e604d7b1869d8128fbb | Dealing with Form 1099 | [
{
"docid": "fde0a3995bf32d9d9647f1f627bac675",
"text": "Am I required to send form 1099 to non-US citizens who are not even residing in the US? Since they're not required to file US taxes, do I still have to send the form to them? That's tricky. You need to get W8/W9 from them, and act accordingly. You may ... | [
{
"docid": "e60c76c4257a2b9514250cba964fb1e6",
"text": "I believe it's not only legal, but correct and required. A 1099 is how a business reports payments to others, and they're required by the IRS to send them for payments of $600 or more (for miscalleneous payments like this). The payment is an expense to... | fiqa |
a540b412054112678a2b471c16e0f231 | If you buy something and sell it later on the same day, how do you calculate 'investment'? | [
{
"docid": "bbeb069f1de0e2d785f8e9e064473933",
"text": "Your initial investment in this case is $9 on the first morning. Every other morning you are using part of your profits to buy the new piece of jewelry, so you are actually not investing any new funds. So each day you are effectively keeping $1 of your... | [
{
"docid": "888da6a98abd6f62d8e73f2e77d47203",
"text": "Suppose the price didn't drop on the ex-dividend date. Then people wanting to make a quick return on their money would buy shares the day before, collect the dividend, and then sell them on the ex-dividend date. But all those people trying to buy on th... | fiqa |
abf724c0e3464511f54e4608f0c70512 | US Foreign-Owned LLC that owes no income tax - Do I have to file anything? | [
{
"docid": "ddc4567aaa01aa91837cb7c8690619ea",
"text": "\"If you intend to do business \"\"outside the country\"\", why establish an LLC \"\"here\"\" at all? You should establish a business in your home country if you desire business organization for sequestering liabilities or something. With or without ... | [
{
"docid": "d8b09ee2638ceb7294e3fcb01aaeee55",
"text": "I realize this is a stale topic, but to anybody who may swing by looking for an answer to this question (on the recently revised W-8BEN), a foreign taxpayer can get an individual taxpayer identification number (ITIN) without being resident in the US. ... | fiqa |
82dd046714e2eb2cb2aa71dd410eae0e | How to invest with a low net worth | [
{
"docid": "274f148b0a145f15618ebf92b4b0a936",
"text": "\"You most definitely can invest such an amount profitably, but it makes it even more important to avoid fees, um, at all costs, because fees tend to have a fixed component that will be much worse for you than for someone investing €200k. So: Edit: Th... | [
{
"docid": "3ea390af4c36f7d00ae4953829b23ff9",
"text": "I like your enthusiasm and initiative. However, there are a few things you need to consider that you haven't yet thought about. First, it is important to remember that trading with fake money is not the same as trading with real money. In the fake wor... | fiqa |
84f34ee79e6dcfd6dc871d1c21eab217 | Automatic Extension online filing request gets denied w/ code R0000-052-01 - why? | [
{
"docid": "4462ce3779ad4d896b290b0c34ec9834",
"text": "There are penalties for failure to file and penalties for failure to pay tax. The penalties for both are based on the amount of tax due. So you would owe % penalties of zero, otherwise meaning no penalties at all. The IRS on late 1040 penalties: Here... | [
{
"docid": "109ca3b612a0ed712240453010ca9c4f",
"text": "This happened to me in the mid 90's. I wanted to withdraw enough cash from my account to buy a new car and they nearly panicked. I took a bank draft instead. I discovered afterward that they can require up to a week's notice for any withdrawl.",
"... | fiqa |
0ab4298b8106d259eeb42659318b2134 | How to handle missing W2 from failed direct deposit only company? | [
{
"docid": "55b2e971e9b595c7abcc28b01ad0078c",
"text": "Yes, there's a way. I actually wrote a blog post about it. Its a new service from the IRS which allows you pulling your account online. IRS also has an instruction page just for this case here.",
"title": ""
}
] | [
{
"docid": "34fe1827bcc69fdc3fcd8379b228bad4",
"text": "As others have said, make sure you can and do file your taxes on a cash basis (not accrual). It sounds like it's very unlikely the company is going to issue you a 1099 for invoices they never paid you. So you just file last year's taxes based on your i... | fiqa |
ce5c5578577f1f814edf640569c128c3 | When are payroll taxes due in the US? | [
{
"docid": "1c6d48e3499de5fc9f80e01ed4ebc9b0",
"text": "It depends on the size of the payroll, not on the number of employees. Probably you need to file Form 941 quarterly under this scenario. You may or may not need to deposit taxes more frequently. If you must deposit, then you need to do it electronic... | [
{
"docid": "22c0f2cf46cd1c218084c88abdbc96d4",
"text": "This is bullshit. The US government requires taxes to be paid in USD. There's your intrinsic value. If you want to be compliant with the federal law, your business and you as an individual are required to convert assets or labor into USD to pay them.",... | fiqa |
dbe8ee1fa80f08a3838f1ed19901435f | Risks associated with investing in dividend paying stocks for short term income. Alternatives? | [
{
"docid": "0ef34139733e51f293d8045477a1b831",
"text": "Your back of the envelope calculation shows an income of about 5.5% per year, which is much better than a bank. The risk of course is that in a few years when you want to sell the stock, the price may not be at the level you want. The question is what ... | [
{
"docid": "38209351c883c0ccdec99ec8f3586956",
"text": "\"I agree that you should CONSIDER a shares based dividend income SIPP, however unless you've done self executed trading before, enough to understand and be comfortable with it and know what you're getting into, I would strongly suggest that as you are... | fiqa |
898c3e0b73dad4362f8467e502ee162f | Assessing risk, and Identifying scams in Alternative Investments | [
{
"docid": "75b58792cfda66919ddd3a60a4a8607c",
"text": "\"I have personally invested $5,000 in a YieldStreet offering (a loan being used by a company looking to expand a ridesharing fleet), and would certainly recommend taking a closer look if they fit your investment goals and risk profile. (Here's a more ... | [
{
"docid": "592918b1cf6d66a9a86a98c63e2ebbf6",
"text": "\"Another approach would be more personalized, which is to measure the risk of missing your goals, rather than measuring the risk of an investment in some abstract sense. Financial planners do this for example with Monte Carlo simulation software (see ... | fiqa |
dd22e723cf1cc27a63ee885cf96a7776 | What tax year does my income get assigned to if my client sends the payment in December but I receive it in January? | [
{
"docid": "9dd31869c4426125f4661274ce6acfe0",
"text": "Confused? see your CPA",
"title": ""
}
] | [
{
"docid": "a4bd4532cbf311f482521dedb9c34ea4",
"text": "\"As long as you paid 100% of your last year's tax liability (overall tax liability, the total tax to pay on your 1040) or 90% of the total tax liability this year, or your underpayment is no more than $1000, you won't be penalized as long as you pay t... | fiqa |
4ce69cfa0d808bf14db974ccee059016 | How to explain an income discrepancy to the IRS? | [
{
"docid": "881acfadb43654b366bba3cfe8ab2237",
"text": "\"The IRS doesn't tax \"\"increased wealth\"\" They tax Revenue -- income. If this money or property came to you as a gift, you would owe no tax on it but the giver probably would owe gift tax. If it came to you as a loan, you would owe no tax on it ... | [
{
"docid": "0dbe615376361cbe5aee13c01dac142b",
"text": "\"Hearing somewhere is a level or two worse than \"\"my friend told me.\"\" You need to do some planning to forecast your full year income and tax bill. In general, you should be filing a quarterly form and tax payment. You'll still reconcile the year... | fiqa |
3ecdfec97c35849808799aaacd27556b | How do I look for private limited partnership investment opportunities? (Or should I?) | [
{
"docid": "45f75f318140ab32ba09e27eb9b885aa",
"text": "\"Investing in an existing company is almost like buying a house, or even becoming an \"\"Angel investor\"\" in a start-up. Before you start the process, decide how much you want to be involved in the day-to-day and which industries you would feel most... | [
{
"docid": "7fb2ffdbc44f0f39716c4966623450b3",
"text": "\"First, you mentioned your brother-in-law has \"\"$100,000 in stock options (fully vested)\"\". Do you mean his exercise cost would be $100,000, i.e. what he'd need to pay to buy the shares? If so, then what might be the estimated value of the shares ... | fiqa |
454dfc10cdb8876e567f36971188a50e | Do I need to pay quarterly 1040 ES and 941 (payroll)? | [
{
"docid": "12145f28caf8629f91f0f822a8de3b2c",
"text": "Don't overthink it. As an employee, whether of your own corporation or of someone else, you get a salary and there are deductions taken out. As the owner of a business you get (hopefully) business profits as well. And, in general, you often have other ... | [
{
"docid": "cf9d3194a23f0e9f668052dac979fcc2",
"text": "If you have non-salary income, you might be required to file 1040ES estimated tax for the next year on a quarterly basis. You can instead pay some or all in advance from your previous year's refund. In theory, you lose the interest you might have made ... | fiqa |
aaee59a05f9f8d4bfd09a6d102529f61 | Free cash flow and capex on morningstar.com | [
{
"docid": "e4a6f20f1d8ec5ed31c6003b6ff660df",
"text": "\"Free Cash Flow (FCF) is not a metric/data point which represents any ACTUAL cash flow of a company. FCF is a data point which communicates how much cash a company has after Operating cash requirements and cash expenditures \"\"required\"\" to grow an... | [
{
"docid": "fdb0d925b58ea2b1b9af8fe85c545a4c",
"text": "E&P can be valid throug Net Present Value methods, on a field-by-field basis. As no field is ever-lasting, and there Are not an unlimited number of fields, perpetuity-formulaes Are shitty. FCFF on a per-field basis with WC and Capex, with a defini... | fiqa |
58764b9a899072fdf4a1b2acda5e4504 | Filing a corporation tax return online? | [
{
"docid": "36ed8d706a4650c12342497bdeadc185",
"text": "When in doubt, you should always seek the advice of a professional tax preparer or your accountant. (Many agents/accountants will gladly review your tax preparations to ensure you haven't missed something. That's quicker and cheaper than paying them to... | [
{
"docid": "9c19f9ceaab748d179323a7f07b6ec39",
"text": "It is a great advice. I would suggest going to the Companies House (it's in London somewhere), picking up all of their leaflets regarding requirements for different forms of corporate entity, and deciding if you want to have that burden. It is not a ... | fiqa |
e0da94234e6bdc07c995fd5ae340c2e7 | Federal taxes for nonresident alien whose only income in 2016 was a 2015 state tax return | [
{
"docid": "819197acdc0e88afc44350dcccd999eb",
"text": "\"I believe you have to file a tax return, because state tax refund is considered income effectively connected with US trade or business, and the 1040NR instructions section \"\"Who Must File\"\" includes people who were engaged in trade or business in... | [
{
"docid": "71895907b50a404d9be614264fbc3feb",
"text": "I did the reverse several years ago, moving from NH to MA. You will need to file Form 1-NR/PY for 2017, reporting MA income as a part-year residence. I assume you will need to report the April capital gain on your MA tax return, as you incurred the gai... | fiqa |
1ae93ea5a0faf70577f9cbda14991afa | American living abroad and not working for an American company - tax reporting and bank accounts | [
{
"docid": "cc041b18ffe6b806ba4fbcb0c963b9b0",
"text": "\"The IRS taxes worldwide income of its citizens and green card holders. Generally, for those Americans genuinely living/working overseas the IRS takes the somewhat reasonable position of being in \"\"2nd place\"\" tax-wise. That is, you are expected... | [
{
"docid": "94c39b345a0eb3878d903cb081e28da2",
"text": "Are you planning to not pay taxes? Any time someone has income in the U.S., it is subject to U.S. taxes. You must file tax returns (and pay taxes if necessary) if you have income above a certain threshold, regardless of whether you're not authorized to... | fiqa |
4f75afe9506c3e97a752513d833f83f8 | What's the most conservative split of financial assets for my portfolio in today's market? | [
{
"docid": "04222a44c6726ee87bd6ae80436e1e2e",
"text": "Before investing, absolutely follow the advice in mbhunter's answer. There is no safe investment (unless you count your mattress, and even there you could find moths, theives, or simple inflation taking a chunk out of your change). There is only maxim... | [
{
"docid": "a957e26c9c2338bb6e50c5611c3d019e",
"text": "\"This is always a judgement call based on your own tolerance for risk. Yes, you have a fairly long time horizon and that does mean you can accept more risk/more volatility than someone closer to starting to draw upon those savings, but you're old eno... | fiqa |
a4f630f76edf2d2870e11eb45b1729e4 | Found Mistake on 2013 1120S Form | [
{
"docid": "7cd4bc1c1743be97be65b364924cfbaa",
"text": "\"I don't know if it's common or necessary to include capital stock as a liability? Yes, if you look at the title of the nonasset part of the balance sheet it actually is titled \"\"Liabilities and Shareholders' Equity\"\". Your capital stock is a com... | [
{
"docid": "eb83ca5442a18d421fab68113cd1df8b",
"text": "\"I doubt there is anything you can do to convince them you paid, outside of just talking to them, which it seems you already tried. These are the possibilities I can think of for how this happened: IMHO, the most likely scenario is #4. If 1 or 3 happe... | fiqa |
8ca428efac9f28da47f4585c98fecad3 | Does dividend on 401K have any effect on gains | [
{
"docid": "5706f44f1804fb9fdef2c7144dcbfe14",
"text": "Adjusting for a market change from day to day, the dividend should have no impact on you. Your X shares time $Y should be nearly identical right after that dividend hits the account. And within the 401(k) or IRA for that matter, the accounting doesn't... | [
{
"docid": "baebd309ec2e588da4ec6750b375502a",
"text": "If the gift was stock that they have owned for years there can be one hitch: The basis of the stock doesn't reset when it is gifted. For example if grandparents have owned stock that is currently worth $10,000 today, but they bought it decades ago when... | fiqa |
44f173442d39961b111869c26d07bd62 | Does longterm investment in index funds still make sense in a reality of massive algotrading? | [
{
"docid": "7f58c8fdc6d38c8d60399ba73aaa64bb",
"text": "What the automation mostly does is make short-term trading that much more difficult. Day trading is a zero-sum game, so if they win more, everyone else wins less. Long term trading (years to decades) is a positive-sum game; the market as a whole tends... | [
{
"docid": "642605635985e7e03e7dea5aa0e99d77",
"text": "Foreign stocks tend to be more volatile -- higher risk trades off against higher return potential, always. The better reason for having some money in that area is that, as with bonds, it moves out-of-sync with the US markets and once you pick your pref... | fiqa |
f811023d21bfbaf7260ea58d9866890f | What's the difference between a high yield dividend stock vs a growth stock? | [
{
"docid": "4dc47174d1d0b1723aae383b9a0d8096",
"text": "\"I think Fidelity has a very nice introduction to Growth vs Value investing that may give you the background you need. People love to put stocks in categories however the distinction is more of a range and can change over time. JB King makes a good p... | [
{
"docid": "62339a39aa3dddc11a5e804af61e19a0",
"text": "\"Another factor to consider, beyond the fact that growth and volatility go together, is that the times when many people will need to liquidate their investments will correlate with the times that many other people need to liquidate their investments, ... | fiqa |
78cc8f07814199ac73765cfec0f27580 | Return of value to shareholders in an ISA | [
{
"docid": "87f8e0738c74836e43eeeb1cf7f36494",
"text": "\"You will receive a combination of Verizon shares and cash whether you chose option B or C. Option B means that your \"\"Return of Value\"\" will be treated as capital - ie: as a capital gain. Option C means that your \"\"Return of Value\"\" will be t... | [
{
"docid": "5a9a5dcc1532513df50baedcb611b3ce",
"text": "Thanks for the answer/comments! The time-based method was something we mooted and something I almost went with. But just to wrap this up, the method we settled on was this: Every time there is an entry or exit into the fund, we divvy out any unrealised... | fiqa |
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