query_id stringlengths 32 32 | query stringlengths 5 5.38k | positive_passages listlengths 1 22 | negative_passages listlengths 10 100 | subset stringclasses 7 values |
|---|---|---|---|---|
3e0a7c541d6762a39436258aa02b7c6b | What is considered a business expense on a business trip? | [
{
"docid": "c11d1781a910fe53b160db6f0ac43cb5",
"text": "The IRS Guidance pertaining to the subject. In general the best I can say is your business expense may be deductible. But it depends on the circumstances and what it is you want to deduct. Travel Taxpayers who travel away from home on business may de... | [
{
"docid": "221c2facfbbbc27225c5f7d9f28af460",
"text": "You don't say what country you live in. If it's the U.S., the IRS has very specific rules for business use of a car. See, for starters at least, http://www.irs.gov/publications/p463/ch04.html. The gist of it is: If you use the car 100% for business pur... | fiqa |
35174df57ee02ebd4998b3981da51463 | Business Investment Loss from prior year | [
{
"docid": "bf0330082ac65d66aa4934120480a8fe",
"text": "You need to give specific dates! In the United States, you have three years to file an amended tax return. https://www.irs.gov/uac/Newsroom/Ten-Facts-about-Amended-Tax-Returns Did the restaurant fail in 2012? If so, that's probably the year to take the... | [
{
"docid": "ade1f187fc1c0403179210d8806b6971",
"text": "Yes, you will be able to claim it as an expense on your taxes, but not all in the current year. It is split into three categories: Current Expenses - Assets purchased such as inventory would be able to be claimed in the current year. Assets - Vehicles... | fiqa |
39d2b85be30a97c3fdc27a0f5d3b72d3 | Would the purchase of a car for a business through the use of a business loan be considered a business expense? | [
{
"docid": "221c2facfbbbc27225c5f7d9f28af460",
"text": "You don't say what country you live in. If it's the U.S., the IRS has very specific rules for business use of a car. See, for starters at least, http://www.irs.gov/publications/p463/ch04.html. The gist of it is: If you use the car 100% for business pur... | [
{
"docid": "85110d666ba177dfbde6ed4aae613120",
"text": "Yes, truckloads of cash. /s It's exactly the same as your example, when people say to pay for a car in cash, they don't meany physical bills, but rather the idea that you aren't getting a loan. In most acquisitions, the buyer will usually pay with t... | fiqa |
25f47551752996a5875b20e7cd14578a | Deducting last years (undocumented) side business loss | [
{
"docid": "65e937ed3f126133a62b0b7452a1af51",
"text": "You should speak to a good tax adviser. The less documentation you have the more problems IRS are going to cause you. Generally you can deduct business losses (in the year they occurred, which is 2011), but you have to show that that was a valid busine... | [
{
"docid": "f7613eabc169fad3fafc9d947392f98d",
"text": "The IRS' primary reference Pub 519 Tax Guide for Aliens -- current year online (current and previous years downloadable in PDF from the Forms&Pubs section of the website) says NO: Students and business apprentices from India. A special rule applies .... | fiqa |
e05f28875cd91bf8ed8341ca37ada0be | Starting a side business slowly | [
{
"docid": "b24c2f47bab3406acbccee0f70ab1d59",
"text": "\"This is a great question! I've been an entrepreneur and small business owner for 20+ years and have started small businesses in 3 states that grew into nice income streams for me. I've lived off these businesses for 20+ years, so I know it can be don... | [
{
"docid": "aacf84abf0e15e48cd79c9cdb7a0e26c",
"text": "\"Yes. There are several downsides to this strategy: You aren't taking into account commissions. If you pay $5 each time you buy or sell a stock, you may greatly reduce or even eliminate any possible gains you would make from trading such small amounts... | fiqa |
6a27f96adec55003f30ea78f28162050 | IRA for work and my business | [
{
"docid": "54b561dd3d3abc1fbe047ea8d373a47f",
"text": "Yes, you can have both. You'll need business income to contribute to a SEP IRA though.",
"title": ""
}
] | [
{
"docid": "7a54240da4b431d36b9d5df63fdc615d",
"text": "I would definitely recommend contributing to an IRA. You don't know for sure you'll get hired full-time and be eligible for the 401(k) with match, so you should save for retirement on your own. I would recommend Roth over Traditional IRA in your situat... | fiqa |
778b378620b98ab0ae3c04c4f216b85d | Advice on money transfer business | [
{
"docid": "7851f4eb8431440619c6ffb3774188f0",
"text": "\"As soon as I see the word \"\"friends\"\" along with money transfer I think scam. But ignoring that red flag.... You will have American companies reporting to the IRS that you are a Canadian Vendor they have hired. Then you are transferring money to ... | [
{
"docid": "b333300fe111ad7b459f9ec0a85ee48d",
"text": "You would think so wouldn't you, after all, it's your money! In practise though, it's not as easy as you might think because anti money laundering and anti fraud laws mean you generally have to withdraw money to the same account you funded your trading... | fiqa |
08f0c47e1e05aeed860e2e9a32f89124 | Should my husband's business pay my business? | [
{
"docid": "4c90a79aa4eaf29fbb8947a4296a3b5a",
"text": "It depends on the finances involved, but particularly if you're not billing anything right now and may have no revenue this year, it's probably a good idea to bill his company. This is in part because some deductions or other tax treatments are only al... | [
{
"docid": "305299bd0445f70b928a386809b620c3",
"text": "\"(Yes, I know this is a seven year old question.) Does this only apply to debts that were taken on during marriage Yes or to all debts of both partners? No. The important thing to remember is that it's both debts and assets acquired during the marria... | fiqa |
093c51bef3c5594bb77a92d43c4ae6c9 | Full-time work + running small side business: Best business structure for taxes? | [
{
"docid": "b56407de7aa2faa059ec71a962d86140",
"text": "You should look into an LLC. Its a fairly simple process, and the income simply flows through to your individual return. It will allow you to deduct supplies and other expenses from that income. It should also protect you if someone sues you for doi... | [
{
"docid": "b785bcf974c97d43b0f71c871e9a9f2a",
"text": "No, even businesses pay taxes quarterly. So if you formed Nathan, LLC, or otherwise became self employed, you'd still have to file quarterly estimates and make tax payments. This would cause taxes to be a much more high touch part of your life. Howev... | fiqa |
ca0bac2614826a7aa33e95250610689e | New vending route business, not sure how to determine taxes | [
{
"docid": "2e98394f8d6cda6221a19b8b24729f04",
"text": "You're not paying taxes three times but you are paying three different taxes (or more). Sales tax is a business expense, just like costs of goods sold or interest on a loan. Then, depending on how you structure the business, the net income of the busi... | [
{
"docid": "e65ca832826c13679b69f21901aa6230",
"text": "First, you should probably have a proper consultation with a licensed tax adviser (EA/CPA licensed in your State). In fact you should have had it before you started, but that ship has sailed. You're talking about start-up expenses. You can generally de... | fiqa |
121089fa18fac159d3142f76ffab7006 | Tax Allocation - Business Asset Transfer | [
{
"docid": "ee1cbe95c80b1f09c238a89beef2ce71",
"text": "\"And my CPA is saying no way, it will cost me many thousands in taxes and doesn't make any sense. I'd think so too. It looks like it converts from capitol gains at 14% to something else at about 35% Can be, if your gain under the Sec.1231 rules is c... | [
{
"docid": "a218b268aee293bf7feabf28e3b83c0f",
"text": "I fell into a similar situation as you. I spent a lot of time trying to understand this, and the instructions leave a lot to be desired. What follows is my ultimate decisions, and my rationale. My taxes have already been filed, so I will let you kno... | fiqa |
7896aacb43c25021dbb94b6923d4f1cd | Why do banks require small businesses to open a business bank account instead of a cheaper personal one? | [
{
"docid": "b2c42bddf3080ea7ae21817338063ec0",
"text": "The bank won't let you because: Differences in required account features — Business accounts have different features (many of them legal features) that are required by businesses. For instances: Do you want to be able to deposit cheques that are writte... | [
{
"docid": "0ce94616048ba8e4f72ff234d512442d",
"text": "Yes it is (legal). There is of course no law requiring any business you walk in to break your money. What made you think there would be? Being a bank in the US (and in other countries) has some legal consequences, but none of them relates to 'having to... | fiqa |
6779d2aa0fb930d47d36c1972c130a77 | How to treat miles driven to the mechanic, gas station, etc when calculating business use of car? | [
{
"docid": "a57851d680f06d0d027cbc370f7c762e",
"text": "I contacted Stephen Fishman, J.D., the author of Home Business Tax Deductions, to let him know that this question was missing from his book. He was kind enough to send a reply. My original phrasing of the question: If your car is used for both business... | [
{
"docid": "aa814b38cf9b2f1b54222b975753ec2a",
"text": "Firstly, thank you for taking the time to respond, let me see what I can answer to help give you a bigger picture. * I am the rental manager but like I say, it's a small unit where the operations team is only 5 strong. We all have a hand in everything... | fiqa |
ca61ba4bd34cbceab482d4a0cb67f609 | Buying car from rental business without title | [
{
"docid": "3e48ff78f0a9989139b2a2c1115f7dac",
"text": "I would steer well clear of this. The risk is that they take your money but don't pay the bank. This wouldn't require dishonesty - what if they run into financial trouble? Any money of yours that they have that hasn't gone on to the bank yet might end ... | [
{
"docid": "5b33653164a3081cba70f7d0a1fb18f8",
"text": "The key here is the bank, they hold the title to the car and as such have the final say in things. The best thing you can do is to pay off the loan. Could you work like crazy and pay off the car in 6 months to a year? The next best thing would be to s... | fiqa |
29f0cd853b9f70e268678193c4fb516b | How to report house used for 100% business? | [
{
"docid": "6c7494f65e738ea5645c9c5d44b7a4fd",
"text": "As DJClayworth said, be very careful with this one! The property is a residence, not a business location. Given that, it is almost a certainty that the IRS is not going to let you claim 100% of the expenses for the home as a business expense, even i... | [
{
"docid": "a0df265d0fc10366cd384ff52dbfec00",
"text": "Possible alternative: In my case, the part-time locksmithing is a small enough portion of my I come that I just submit it as hobby income, rather than trying to track it as a separate entity.",
"title": ""
},
{
"docid": "2b325654181d951f0e8... | fiqa |
899c711b4f94889496b6ccbce83e3887 | How to record business income tax paid, in QuickBooks? | [
{
"docid": "4d9bdb78150f5089baeab672332d02d2",
"text": "Federal income taxes are indeed expenses, they're just not DEDUCTIBLE expenses on your 1120. Federal Income Tax Expense is usually a subcategory under Taxes. This is one of the items that will be a book-to-tax difference on Schedule M-1. I am presuming... | [
{
"docid": "d1b3d85e0259ff79c5fcce5e2a24ff6c",
"text": "I assume the OP is the US and that he is, like most people, a cash-basis tax payer and not an accrual basis tax payer. Suppose the value of the rental of the unit the OP is occupying was reported as income on the OP's 2010 and 2011 W-2 forms but the ... | fiqa |
54bd4165acdf496c4b7725cb5c3879dc | Moving my online only business to the USA? | [
{
"docid": "09764573fc064e61fbf2479f95d269b5",
"text": "You don't need a Visa to create or own US property. Your registered agent will be able to take care of most of this, and your new entity will use the registered agent's address where applicable, but you may need your own separate address which can be y... | [
{
"docid": "f424b6101ae3d715402a19f6895b7ae4",
"text": "Well I am kind of looking for a way to make it little bit more official if I can ... :D I have no toruble for paying taxes to US and anything ... Just don't want to spend 4000$ on 2 year VISA for a model that will stay in NYC for 3 weeks ... Doesn't... | fiqa |
9d4df7d01e88824b3513b59da4c17e46 | How to determine how much to charge your business for rent (in your house)? | [
{
"docid": "0feaebba070c6c0fa61decfec8db2cb2",
"text": "Your best approach is to assess rent levels in your local area for offices of a similar size. You need to take into account all the usuals - amenities, parking, etc, just as if your home-office was provided by a third-party. Get your $/sq ft and work o... | [
{
"docid": "7e6a5a540c60faee2f81e922e2fa4a79",
"text": "There are many ways to value a business. Here is a simple method to get a ball park number on most businesses. This business is made of two parts. For the real estate: For the business: I would consider this type of small business riskier than the sto... | fiqa |
c4397e2cd3ee6b25c7dbc65428bf5389 | Why are earning credit card rewards often tied to groceries and gas? | [
{
"docid": "fad9d64626f90023c966ca639615a523",
"text": "Every reward program has to have a funding source. If the card gives you x percent back on all purchases. That means that their business is structured to entice you to pump more transactions through the system. Either their other costs are lower, or th... | [
{
"docid": "2d2f8e0cbddaab8964e4cd5e7221ccf6",
"text": "You must understand that not everyone has or can get credit cards. Consider that those who are in the the lowest 20-30% of income tend to have fewer credit cards (or none), and lower credit debt, although some have quite high credit card debt relative ... | fiqa |
5720a917c2113b9b5cfad5390503b2f8 | Why do most banks in Canada charge monthly fee? | [
{
"docid": "01aec37e09311c858b5e357f73a4b357",
"text": "\"Arguably, \"\"because they can\"\". Canada's banking industry is dominated by five chartered banks who by virtue of their size, pretty much determine how banking is done in Canada. Yes, they have to abide by government regulation, but they carry eno... | [
{
"docid": "777609ebf107f439f7d88abfd8f47406",
"text": "\"In the end, all these fees hurt the average consumer, since the merchant ultimately passes cost to consumer. Savvy consumers can stay at par or get ahead, if they put in the effort. It's a pain, but I rotate between 4 cards depending on time of year ... | fiqa |
a3ab15eb1e420b26e6b8d57baefc8e49 | Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant? | [
{
"docid": "62eb9305ec5ccbdfe1d0dd52c7dd9840",
"text": "When you swipe your credit card, the terminal at the store makes a request of your bank, and your bank has only a few seconds to accept or reject the transaction. Once the transaction is accepted by your bank, it appears in the Pending transactions. At... | [
{
"docid": "f09e5df95d050feae1e745fb0c66f9bd",
"text": "Debit is them taking the money, in your case electronically. Credit is somebody vouching for you and saying you will pay later. They are alternate ways to pay for a product. As a merchant, if you take a credit card you are agreeing that a the issuer ... | fiqa |
5d65f5f6fce1ac1dc43bf1cbae22276a | Why do VAT-registered businesses in the EU charge VAT to each other? | [
{
"docid": "72b1e6985173d4f438917c27830348c5",
"text": "Not doing this would defeat the entire purpose of a VAT. The reason for a VAT rather than a simple sales tax is that it's harder to evade. Having a simple sales tax with the type of rates that VAT taxes typically are is unworkable because evasion is to... | [
{
"docid": "ce76c6101a3f1577a11cca8495cebfc4",
"text": "It's quite common for VAT-registered businesses to quote ex-VAT prices for supply to other businesses. However you're right that when you make an order you will be invoiced and ultimately have to pay the VAT-inclusive price, assuming your supplier is ... | fiqa |
68f16719136dcb46f7125a2fa90fdea2 | How To Report Cryptocurrency Earnings? | [
{
"docid": "9bd1a5f5aeb95f5ac87bf992d454e1c0",
"text": "\"While this does fall under the \"\"All-inclusive income\"\" segment of GI (gross income), there are two questions that come up. I invested in a decentralized bitcoin business and earned about $230 this year in interest from it Your wording is confus... | [
{
"docid": "250e59e43c4663a659e26028f92aa583",
"text": "I would track it using a regular asset account. The same way I would track the value of a house, a car, or any other personal asset. ETA: If you want automatic tracking, you could set it up as a stock portfolio holding shares of the GLD ETF. One shar... | fiqa |
e6e030f8b0cdbbd1a9eabcce0a64bb50 | Allocation between 401K/retirement accounts and taxable investments, as a young adult? | [
{
"docid": "85db41ab3a27e8a646bd08a60979c754",
"text": "I'm afraid you're mistaking 401k as an investment vehicle. It's not. It is a vehicle for retirement. Roth 401k/IRA has the benefit of tax free distributions at retirement, and as long as you're in the low tax bracket - it is for your benefit to take ad... | [
{
"docid": "b57b3a32bfd52fec3ec9ac55da0dc76a",
"text": "Kudos to you on having money in a retirement account as early as after college. Many people don't start investing towards retirement until far to late and compound interest makes a major difference in those early years. Ideally, neither withdraw nor b... | fiqa |
10192323bb083653775221e7b3ab8998 | Transfer $70k from Wells Fargo (US) to my other account at a Credit Union bank | [
{
"docid": "1d19dbe9c2096debb484bfaa01ff107a",
"text": "The LLC is paying you. It would only be fraudulent if you were trying to move the money out of the LLC to avoid a liability. I'm pretty sure the transaction will be taxable income for you personally. Consider consulting with a CPA to ensure that you... | [
{
"docid": "51f2a7760c1e292fd6f78d83180f6276",
"text": "The simplest method is just to write a check from one account and deposit it in the other. If you are the owner of both accounts, you should be able to electronically deposit the check using their phone apps. Depending on the amount you are transferi... | fiqa |
815e3b47585ca58449464b25a75dd961 | Need small buisness ideas with 100k $ budjet in a 3rd world country | [
{
"docid": "834c2a0e0ce54c97615d0a7993d1588d",
"text": "Firstly, I highly doubt anyone on this site will be able to provide you with accurate input on this matter regarding what TO DO. It's the what not to do that may be possible. That said, if you want to offer equipment for rent, which in a developing co... | [
{
"docid": "f27a6c6c9dcf94808d2a9ebbab865880",
"text": "What could a small guy with $100 do to make himself not poor To answer the question directly, not much. Short of investing in something at the exact moment before it goes bananas, then reinvesting into a bigger stock and bigger etc, it's super high ris... | fiqa |
b55032ba48d4c47fa046a7cf9b5558d2 | Tax Write-offs and knowing how much I need to spend before the end of the year | [
{
"docid": "d434bac93e59b6bc54b351997abe1226",
"text": "\"(I'm assuming USA tax code as this is untagged) As the comments above suggest there is no \"\"right\"\" answer or easy formula. The main issue is that you likely got into business to make money and if you make money consistently you will pay taxes. ... | [
{
"docid": "5b35f56ae9f7b7cfeda710f2447a38c3",
"text": "I've given up on trying to understand how the allowances correspond to my number of dependents. What I do instead to achieve the same end goal of having the right amount of money withheld is using a paycheck calculator. If I get paid 24 times a year ... | fiqa |
62c4c43bb44243abe04954ac00ec0d79 | Loan holder wants a check from the insurance company that I already cashed and used to repair my car | [
{
"docid": "c2b853fe46b7cbb9694b08f72eb9668b",
"text": "What would happen if you was to cash a check, didn’t realize it was to you and your finance company, take it to a local business that has a money center, they cash the check without even having you sign let alone having the finance companies endo... | [
{
"docid": "1c01afc09e76ab8b35f9a22b07cd6bb8",
"text": "You keep a copy of the dashed check, and tell him to pound sand. If he contacts you again, you tell him that you will charge him with fraud. By accepting the check and cashing it, he acknowledged the debt is paid.",
"title": ""
},
{
"docid"... | fiqa |
95426a7c616600c8c036ac5dd6c00e1e | Car expense deductions with multiple work locations | [
{
"docid": "bff69f709bf2f7bdb5f225d3e2e59824",
"text": "\"Suppose that I work from home, but do not qualify for a business use of home deduction. As I understand it, this means I cannot deduct trips from home to another work location (e.g., going to a client's home or office to do work there). I do no... | [
{
"docid": "4e41f2d5ccac706564bf5b0af4e17ff6",
"text": "Unless you own a business and the car is used in that business you can't write off your auto repairs. If you start a sole-proprietorship in your own name there are all sorts of things you can write off as long as there is a reasonable expectation of pr... | fiqa |
d26d41f3163c4f501fb7fd7061d4abd8 | Differences in taxes paid for W2 employee vs. 1099 contractor working on sites like ODesk.com? | [
{
"docid": "0a788c0d227d60e290dc71775c247243",
"text": "Yes, you've summarized it well. You may be able to depreciate your computer, expense some software licenses and may be home office if you qualify, but at this scale of earning - it will probably not cover for the loss of the money you need to pay for t... | [
{
"docid": "a3536cc618e291ed7fa8cd499d035587",
"text": "I'm not sure why you're confusing the two unrelated things. 1040ES is your estimated tax payments. 941 is your corporation's payroll tax report. They have nothing to do with each other. You being the corporation's employee is accidental, and can only h... | fiqa |
c0d55502bb49e2705dc1511c69c83579 | If I invest in a company that goes bankrupt, is that a gain or a loss? | [
{
"docid": "5356f3858e3f23badd6f69f9bb16c3d4",
"text": "I'll give the credit to @Quid in the comments section of the question. You put out $10k, you got back $20k, that's a cash gain of $10k, how the asset was valued between your purchase and sale isn't relevant. From an accounting perspective, the company... | [
{
"docid": "6828c8aac1235a11ea839878bf006177",
"text": "\"Because I feel the answers given do not wholely represent the answer you are expecting, I'd like to re-iterate but include more information. When you own stock in a company, you OWN some of that company. When that company makes profit, you usually re... | fiqa |
58f5da5217a3b43e45e9740b3821461a | Credit Card Approval | [
{
"docid": "09472cd8bdfdd9f6c5506339edeb2e32",
"text": "Banks use quite a few parameters to arrive at the decision for card approval. The credit score is just one input. There are multiple other inputs it would source, for example total years in job, the number of years in current job, income streams, etc .... | [
{
"docid": "49b743482fb6c3ce7ded4219b2149524",
"text": "Three things prevent you from doing this: Credit cards generally don't accept other credit cards as payment. You could do this with a cash advance or balance transfer, but Cash advances and balance transfers usually have fees associated with them, neg... | fiqa |
99820afc2bf7d7c9e9361b8a4b02421f | Why are bank transactions not instant? | [
{
"docid": "5b2fe2d74750a319ba7f3e89da773762",
"text": "\"If you want your bank to pay $1 to a beneficiary Bob, then the service (no matter how implemented) needs to result in Bob's bank saying to Bob \"\"Hey, I owe you $1\"\". The usual way how this is done consists of two parts - your bank needs to som... | [
{
"docid": "ffd1a93e5ba8df50304b578f7aee6402",
"text": "As far as I can see, this is an issue of the bank's policy rather than some legal regulation. That means that you'll need to work it out with the bank. To give you a couple of ideas to work with when you talk with them, maybe something from this list ... | fiqa |
3788c86bcbbef86ad5fbfd79abc611eb | Can I claim mileage for traveling to a contract position? | [
{
"docid": "039519230ab375aea3fdd45fc09a3a49",
"text": "\"The short answer is yes you can, but you have to make sure you do it correctly. If you are employed by a tech company that does contract work at a separate location and you don't get reimbursed by your employer for travel expenses, you can claim the... | [
{
"docid": "7f8fdfaf770de8745e3b0fcaa705afcc",
"text": "\"This arrangement is a scam to get around certain tax and benefits laws, both State and Federal. I know they can't get away with this with a person-as-contractor, but this \"\"he's not a contractor, he's a business owner\"\" may move it into a gray ar... | fiqa |
95a0fc17e67590e224894ef67bffd131 | Deposit a cheque in an alternative name into a personal bank account (Australia) | [
{
"docid": "bd79b85d692bf9e419a41ca027831ac8",
"text": "You don't have much choice other than to open an account in your business name, then do a money transfer, as @DJClayworth says. You will not without providing your name and street address and possibly other information that you may consider to be of ... | [
{
"docid": "a9060c0ee19a5d962dc4c0ebe016c4c8",
"text": "I found a good description of these on the Laurentian Bank website. Very similar to Abraham's answer, but the details are a little different (perhaps because it's Canadian). Certified cheque: A cheque which has been certified by the bank that the fund... | 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 |
104735f0dba43d7f7093b0135f5edfb2 | Under specific conditions can I write off Spotify or other streaming audio services? | [
{
"docid": "59cf5c5066f75a5e4bececa297f762ea",
"text": "Nice try. No. If you were in the music industry, you might have a case. Depending on the exact job, certain things related to music would be a business expense. I don't see how this would pass an audit as it really is unrelated to the work you do.",
... | [
{
"docid": "11e8951f9d52f4e20ebbc8e5edc325be",
"text": "get into the 21st century. there are millions of artists willing to make videos, music, and other forms of entertainment for FREE. the music and hollywood industry are NOT entitled to profits. they lose money because of bad business models that don't e... | 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 |
a0dd55bc63ae6bd512b3dbd7c70f6b10 | Renting out rooms in my home, what's the proper way to deal with utilities for tax purposes? | [
{
"docid": "126fd13c67264c54eded0b947f3c655d",
"text": "It's the same result either way. Say the bills are $600, and you are reimbursed $400. You'd be able to write off $400 as part of the utilities that are common expenses, but then claim the $400 as income. I'd stick with that, and have contemporaneous ... | [
{
"docid": "7b73465541b505fd29eecafb445ece16",
"text": "The money your tenants spent on repairs and maintenance that is otherwise your responsibility is considered rent paid to you (and deductible to the extent you can deduct maintenance expenses, provided you have documentation etc etc). The money your ten... | fiqa |
8b43fdc1454d52b08503eca6b00457bf | Should I keep copies of my business's invoices for tax records? | [
{
"docid": "5343a55d9de262de93da6ee1e7ee768a",
"text": "It's always beneficial to have detailed business records. There are any number of reasons where you'd need to prove both the types of services you've rendered and the payment history - you've already noted audits (for IRS taxes). Other possibilities:... | [
{
"docid": "b785bcf974c97d43b0f71c871e9a9f2a",
"text": "No, even businesses pay taxes quarterly. So if you formed Nathan, LLC, or otherwise became self employed, you'd still have to file quarterly estimates and make tax payments. This would cause taxes to be a much more high touch part of your life. Howev... | fiqa |
348ec50425e894d769873c9afd7ef51d | Ways to invest my saved money in Germany in a halal way? | [
{
"docid": "39a433a84ddadd612b78e80c78d4808f",
"text": "\"The UK has Islamic banks. I don't know whether Germany has the same or not (with a quick search I can find articles stating intentions to establish one, but not the results). Even if there's none in Germany, I assume that with some difficulty you cou... | [
{
"docid": "fb7489191787be6458bb24d48707cb7c",
"text": "You are not limited in these 3 choices. You can also invest in ETFs, which are similar to mutual funds, but traded like stocks. Usually (at least in Canada), MERs for ETFs are smaller than for mutual funds.",
"title": ""
},
{
"docid": "2fc1... | fiqa |
f10bef35cdbb45464ab3d484a958f8de | Why would a company care about the price of its own shares in the stock market? | [
{
"docid": "31440fe1300072d02dfd346fb49498a3",
"text": "Stock price is an indicator about the health of the company. Increased profits (for example) will drive the stock price up; excessive debt (for example) will drive it down. The stock price has a profound effect on the company overall: for example, a d... | [
{
"docid": "b162c03324b8020cb7acdc8e7c8b3d0f",
"text": "\"Stock returns cannot be evaluated on its own. You need to take into account inflation and the return of other investment vehicles. Over the long run, you want to earn more than your peers (ie inflation), or lose less than them. Stock lets you buy int... | fiqa |
31bb8f803a58b675bcf71cd366ab13ee | Deducting SEP-IRA contributions as a sole proprietor with no employees | [
{
"docid": "0331298d68cdeab22181894e8f9a3622",
"text": "SEP IRA deduction goes to line 28 of your 1040, which is above the line (i.e.: pre-AGI). It should not be included in your taxable income (AGI) for Federal purposes.",
"title": ""
}
] | [
{
"docid": "24c4ccec7c561cd627638fa08b200dcf",
"text": "You can contribute to both but the total contribution is capped: More than one plan. If you contribute to a defined contribution plan (defined in chapter 4), annual additions to an account are limited to the lesser of $53,000 or 100% of the parti... | fiqa |
10de8274aa921e88acf8a7a713610395 | UK limited company and personal bank account | [
{
"docid": "281ead90b48ee598552183e72ee93263",
"text": "I don't think there is a legal requirement that you need a separate bank account. Just remember that you can only take money from your LLC as salary (paying tax), as dividend (paying tax), or as a loan (which you need to repay, including and especially... | [
{
"docid": "fcea0195c525dd15d0979228c8159f02",
"text": "Use a limited company. Use the HMRC website for help on limited companies and get a good accountant for doing your taxes. Mixing your website income and personal income may make you pay a higher tax rate. You can take out expenses from the limited com... | fiqa |
e48e0003897a286da9f44c3c6f8d863c | Will depositing $10k+ checks each month raise red flags with the IRS? | [
{
"docid": "c49d5af94426242bfb08789473fcbffe",
"text": "You're getting confused between several different things. 10K - cash transactions over $10,000 are reported to FinCEN under BSA. This is to prevent money laundering. IRS - IRS wants to see your tax return with all your income reported there. They don't... | [
{
"docid": "3d7833f48df0b9d829546e90aeb990ef",
"text": "\"I have a related issue, since I have some income which is large enough to matter and hard to predict. Start with a best guess. Check what tax bracket you were in last year and withhold that percentage of the expected non-withheld income. Adjust upwar... | 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 |
72ad3f070d80757d5ce9d9ff331d9d03 | Tax rules for United States citizens living in the US but being paid from outside the US | [
{
"docid": "cf1c0c8f4ce07239858da167fbbcade1",
"text": "You can and are supposed to report self-employment income on Schedule C (or C-EZ if eligible, which a programmer likely is) even when the payer isn't required to give you 1099-MISC (or 1099-K for a payment network now). From there, after deducting perm... | [
{
"docid": "708b0a0701ed4c6db8ded6937a20599b",
"text": "\"There's no \"\"183 days\"\" rule. As a US citizen you must pay taxes on all your income, where you live is irrelevant.\"",
"title": ""
},
{
"docid": "24dc4877cb805249a4eae606cff85213",
"text": "\"Yes. You do have to pay taxes in the U... | fiqa |
c0956961469aaf5e3b85c0f78f9b2b23 | Estimated Taxes after surge in income | [
{
"docid": "5923619c7a3b18fc6934a3f2d6b95dc8",
"text": "You will not necessarily incur a penalty. You can potentially use the Annualized Income Installment method, which allows you to compute the tax due for each quarter based on income actually earned up to that point in the year. See Publication 505, in... | [
{
"docid": "311f83af312064c4e084dd5e1a1ab6d7",
"text": "\"You are not interpreting the table correctly. The $20K \"\"base rate\"\" that you think should have been eliminated is in fact the total tax for the whole bracket. You only dipped partially into the bracket, and the $3K reduction accounts for that. L... | fiqa |
34569089de8c9b90149739b72f858e0e | How to reconcile a credit card that has an ongoing billing dispute? | [
{
"docid": "9798257382abe1279226130c288f7543",
"text": "You could make an entry for the disputed charge as if you were going to lose the dispute, and a second entry that reverses the charge as if you were going to win the dispute. You could then reconcile the account by including the first charge in the re... | [
{
"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... | fiqa |
6bf773f2bd92232f6d3b8a132629f9e0 | What does the phrase “To make your first million” mean? | [
{
"docid": "353f69910c12dc261482d6363c090c09",
"text": "\"I'd interpret it as \"\"Net Worth\"\" reached 1M where \"\"net worth\"\" = assets - liabilities.\"",
"title": ""
},
{
"docid": "b578b95c650670c315a872e8e4e4fe71",
"text": "I've not heard it used in any way other than one's net worth r... | [
{
"docid": "e0e5f5aca6fddbf5b3a1fdc36ebf444f",
"text": "As an advertising slogan, it generally implies saving monthly into an investment account. If you do pay yourself first, basically making saving/investing part of your budget, the intent is that you won't get to the end of the month with nothing left to... | fiqa |
e790e491c249aa052896bd3892df5a8e | Is it ok to use a check without a pre-printed check number? | [
{
"docid": "4547ba8882ca5083e07856480f94e0ec",
"text": "For the clearing house, only the routing number and the check amount [which gets encoded before its presented to clearing] is important. The check numbers were put in as a fraud prevention mechanism to ensure that one check was only presented once and ... | [
{
"docid": "1539d63a7428b2820667f161daba9011",
"text": "While it is possible to have pre-printed checks with a limit on them, I'd be worried about two things: That limit somehow getting ignored by the banks and the resulting hassle on your part. Anyone unscrupulous could try to talk dad into simply writing ... | fiqa |
ac9d5d613f01b460ecfee631ec20fb85 | Get the maximum interest rate from a bank on short term holdings | [
{
"docid": "7a6a4159b4a5646b119898c10dd61bf2",
"text": "You can open Savings Bank Account with some Banks that offer better interest rate. Note there would be restriction on number of withdrawals in quarter. There are better interest rates if you lock in for 90+ days. The other option to explore is to open ... | [
{
"docid": "7b2b5680166af921079718e37b719cb9",
"text": "Just to offer another alternative, consider Certificates of Deposit (CDs) at an FDIC insured bank or credit union for small or short-term investments. If you don't need access to the money, as stated, and are not willing to take much risk, you could pu... | fiqa |
75cbabef2d7b46e879e0909a08e53eb0 | How to find out if a company has purchased government (or other) bonds? | [
{
"docid": "60e096d50149b10d70b6d360eeb8e2f8",
"text": "This is in the balance sheet, but the info is not usually that detailed. It is safe to assume that at least some portion of the cash/cash equivalents will be in liquid bonds. You may find more specific details in the company SEC filings (annual reports... | [
{
"docid": "4ad78c252c10c6b6a1ea91d8e2332a20",
"text": "\"A company whose stock is available for sale to the public is called a publicly-held or publicly-traded company. A public company's stock is sold on a stock exchange, and anyone with money can buy shares through a stock broker. This contrasts with a ... | fiqa |
2de840a462b93498d61e8f58b3f0a62c | If I take a loss when I sell my car, can I claim a capital loss deduction on my income tax return? | [
{
"docid": "bb5ad2a26e78ae916de76fa854300476",
"text": "\"While you'd need to pay tax if you realized a capital gain on the sale of your car, you generally can't deduct any loss arising from the sale of \"\"personal use property\"\". Cars are personal use property. Refer to Canada Revenue Agency – Personal-... | [
{
"docid": "306bbfcbeb9d36a4dfe629c06c6049d9",
"text": "\"A nondividend distribution is typically a return of capital; in other words, you're getting money back that you've contributed previously (and thus would have been taxed upon in previous years when those funds were first remunerated to you). Nondivid... | fiqa |
8d3aa92cb61c2a3e75ca0feb7360841a | Do the activities of my LLC need to be limited to a particular field? | [
{
"docid": "185c82fdde47f55d63850a476e4687c9",
"text": "No. When you file your Articles of Organization, simply state that your business will operate under the law. You don't need to give any further specification.",
"title": ""
}
] | [
{
"docid": "0659e8e19457737aa39ca2904088ade5",
"text": "Thank you for the pointers! Did you find it necessary to hire an attorney to set up your llc? Have you found any real down-sides with the llc option? It seems to be great in most circumstances from what I'm reading/hearing, there must be some negatives... | fiqa |
0961ce3f7006960f0d125c34b970221e | Deductible expenses paid with credit card: In which tax year would they fall? | [
{
"docid": "bcd38157a511bc50fe008087a8d2c7d3",
"text": "\"According to this discussion, there was a Tax Court ruling that likened deductibility for charitable giving by credit card to business expenses incurred by businesses operating under cash-basis accounting. (The point is made by Larry Hess on that si... | [
{
"docid": "1b4466c1672ecccd8c473e8503ff8b95",
"text": "\"According to the instructions for IRS Form 8889, Expenses incurred before you establish your HSA are not qualified medical expenses. If, under the last-month rule, you are considered to be an eligible individual for the entire year for determining t... | fiqa |
d958a4dd256a36f63423dd659315c191 | Are ACH transfers between individuals possible? | [
{
"docid": "6fe59b73bc4ebfe8b534e03f3f4cc6a5",
"text": "\"Yes, many banks offer such a service. Often such payments can be made through their \"\"bill pay\"\" interface. You log in to your account on the bank's website, enter the recipient's routing and account numbers, and off you go. You could ask your ba... | [
{
"docid": "8a5d470327994078ddafe263e20ca5f4",
"text": "I use a hack to do this sort of thing: I have an ING Direct online bank account. I link both of bank accounts I want to transfer between to the ING Direct account. I transfer between them by moving money to ING direct and then from there to wherever. A... | fiqa |
5ea5870576182cc8b1a6ffdb24cedae8 | How May Cash be Spent Approaching Bankruptcy? | [
{
"docid": "989aaf6bbf20eba8bb856f0d21b398b8",
"text": "Bankruptcy law is complex. You need a lawyer who can advise you both on the statute and relevant case law for the district where you file. Your lawyer can advise you whether actions you contemplate are allowed. You can obtain advice prior to filing as... | [
{
"docid": "70e04ae623489ace987557576c29b943",
"text": "Banks can't simply make loans in the void. This is how the cash flow works, generally: 1. Depositers *add* cash into the bank. The Bank now has cash. 10% of that cash is held on *reserve* per law. This cash is held on the balance sheet as an *asset* (... | fiqa |
8a5fb66fde0e70d914728440dfc7f7ad | Taxation of shares | [
{
"docid": "1ed8bea64c7ee837c5c72e696725d515",
"text": "If you sell your shares for more than their value at the time you received them (i.e. you make a profit) then you will be liable for capital gains tax - but only if the profit exceeds your annual allowance (£11,100, in tax year 2015-16). This is unrela... | [
{
"docid": "34143732aa5386271946327f19199cab",
"text": "Surprisingly enough, this one isn't actually all that complicated. No, you will not be taxed twice. Dividends are paid by the company, which in this case is domiciled in Spain. As a Spanish company, the Spanish government will take dividend witholdin... | fiqa |
f0e060f96bd432ce7260b9aa62713090 | is the bankruptcy of exchange markets possible? | [
{
"docid": "f744364c976f38ef461e3449e043a277",
"text": "You seem to think that stock exchanges are much more than they actually are. But it's right there in the name: stock exchange. It's a place where people exchange (i.e. trade) stocks, no more and no less. All it does is enable the trading (and thereby p... | [
{
"docid": "596c851ead1b66cb3bf36f4853c6a8e8",
"text": "Based on my research while asking How are unmarketable market orders (other side of the order book is empty) matched with incoming orders? and the one answer there, it seems like there are a few things for certain: All of this of course depends on the ... | fiqa |
1cbbfafc540c0ddd51797d49e1d8fd45 | What tax rules apply to selling of digital goods, specifically in-game currencies? | [
{
"docid": "31dd8c969c8a715cae3a09966b339ea4",
"text": "\"Believe it or not, unless you directly contact an accountant with experience in this field or a lawyer, you may have a tough time getting a direct answer from a reputable source. The reason is two fold. First, legally defining in-game assets is exc... | [
{
"docid": "ccefdd027aad5948c8d5fcb48923313a",
"text": "\"Income from a hobby is tax exempt under Dutch law. To consider whether it's hobby, a few rules are applied such as: How much time do you spend on the activity? And is the hourly wage low? Obviously, having a boss is a sure sign of it not being a hobb... | fiqa |
192c444a29e9f088026372bc0fa4f60e | How much can you write off on a car lease through a LLC? | [
{
"docid": "aec159d832b416596b4ba5e39324d200",
"text": "An expense is an expense. You can deduct your lease payment subject to some limitations, but you don't make out by having more expenses. Higher expenses mean lower profit. Is leasing better than owning? It depends on the car you'd buy. If your busi... | [
{
"docid": "3b4fe471620d50e5a84a040ceb454af1",
"text": "It's wrong in several situations: One, the business owner counts this as a business expense, which it is not, and therefore reduces the company's profit and taxes. That would be tax avoidance and probably criminal. Two, someone who is not the sole ow... | fiqa |
75b48f9d84ff491fc33fc6055d3abe35 | How to register LLC in the US from India? [duplicate] | [
{
"docid": "c04235b74285a44bf3c488e03b1adb7e",
"text": "\"Wyoming is a good state for this. It is inexpensive and annual compliance is minimal. Although Delaware has the best advertising campaign, so people know about it, the reality is that there are over 50 states/jurisdictions in the United States with ... | [
{
"docid": "0659e8e19457737aa39ca2904088ade5",
"text": "Thank you for the pointers! Did you find it necessary to hire an attorney to set up your llc? Have you found any real down-sides with the llc option? It seems to be great in most circumstances from what I'm reading/hearing, there must be some negatives... | fiqa |
0dedd82709ce83d5af9ec367ff39f12a | How long does a bank's “Know Your Customer” (KYC) process typically take? | [
{
"docid": "bcdd5b7a7ca2418631c4fb294d0f65cd",
"text": "The idea is to positively identify you with properly issued government ID. If you show up with your passport, visa, and another form of government-issued identification which the banker can recognize and use (for example - international driver's licens... | [
{
"docid": "b427ead79d6bc0ca641b104f8705fd3c",
"text": "I would presume this goes entirely through the credit card network rather than the banking network. I am guessing that it's essentially the same operation as if you had returned something purchased on a card to the store for credit, but I'm not sure wh... | fiqa |
077eda5b79b121b901d1c0ba1fcac2e4 | How to prevent misusing my Account details | [
{
"docid": "710a45b897f78187f6a11695bc126e34",
"text": "This is more legal and less personal finance question. You should immediately lodge a police complaint mentioning that some persons are using your PAN card details for activities not authorized by you. In the meantime also engage the services of a CA a... | [
{
"docid": "11b39e366f3d2845e53b28c60886fc9e",
"text": "\"This question has the [united kingdom] tag, so the information about USA or other law and procedures is probably only of tangential use. Except for understanding that no, this is not something to ignore. It may well indicate someone trying to use you... | fiqa |
385304f05c5a90c3533149b5b0bfb08b | Tax exemption on personal loan interest component in India | [
{
"docid": "5cc2b16d5596458579599c53d1788430",
"text": "Am I eligible for the tax exemption if yes then under which section. Generally Personal loans are not eligible for tax exemption. Only housing loans from qualified institutions are eligible for tax deduction. As per the income tax act; The house shoul... | [
{
"docid": "c75d0c4b25992b394197d4d4feaa9f05",
"text": "As I understand it, capital gains from real estate sales in India can be shielded from income tax entirely if the proceeds of the sale are invested in certain specific types of bonds (Rural Highway Contruction Authority of India?) for a period of three... | fiqa |
54d947fd8d8e82b0a84f3cf1a46a1556 | Is having a 'startup fund' a good idea? | [
{
"docid": "7204946de596496e2375d774802378fe",
"text": "Saving money for the future is a good thing. Whether spending those savings on a business venture makes sense, will depend on a few factors, including: (1) How much money you need that business to make [ie: will you be quitting your job and relying on ... | [
{
"docid": "5883594212907d5df467c9d29e54bb54",
"text": "\"Absolutely terrible idea(s) on many fronts. Firstly, why are you giving away equity at all? usually it's to attract people you otherwise wouldn't be able to hire (like extremely talented coders or business development managers) but normal employees? ... | fiqa |
37e914bfff8af8775effc1aee97ea0d3 | Supporting a Kickstarter project: Should a customer's pledge payment include sales tax, e.g. GST/HST in Canada? | [
{
"docid": "62aaf561c3c329705ed60c9b551bab4f",
"text": "You can only claim an input tax credit if tax was actually collected by the seller, irrespective of whether it should have been or not. You need to contact the seller to request an invoice that shows the GST/HST, if any, as well as the seller's GST/HST... | [
{
"docid": "a7ebe417a11689afa1585e43c14ceded",
"text": "(community wiki) Ontario special HST sales tax transition rebate cheques: When and how much? What will happen to quarterly GST cheques when HST starts in Ontario? Ontario HST rebate: When would I qualify? Ontario gas prices & HST: What will happen to p... | fiqa |
f2e3254ad3e21df89a99d3cca4dbc258 | Are marijuana based investments promising, or just another scam? | [
{
"docid": "c8d5564a970929110c227022086015bc",
"text": "Is there any truth to this, or is this another niche scam that's been brewing the last few years? While it may not be an outright scam, such schemes do tend to be on borderline of scams. Technically most of what is being said claimed can be true, howev... | [
{
"docid": "ad0a338db3941c0e992d14344f119135",
"text": "Based on several of the comments, I can foresee a situation in which an activist investor kicks in a lot of his own money, which, along with funds from kickstarter and possibly some of the investor's buddies, are enough to purchase a major share in a l... | 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 |
7e06e419a4418a8e1933f306f85cd8f9 | Tax intricacies of MLP in a Roth IRA | [
{
"docid": "d0e33af16899c07299f5b262dde97990",
"text": "\"You seem to have it right. Unless you have a big position, having MLP shares in your IRA will not cause you any tax hassles. Your IRA will get a Schedule K from the MPL (which may be mailed to you), but you won't need to do anything with that unles... | [
{
"docid": "8459f004f4e0af10ecbb3300600c0704",
"text": "\"First - for anyone else reading - An IRA that has no beneficiary listed on the account itself passes through the will, and this eliminates the opportunity to take withdrawals over the beneficiaries' lifetimes. There's a five year distribution require... | 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 |
7ce046d26c429a6fd2e8ea1a4e01bc1d | What does this statement regarding put options mean? | [
{
"docid": "71abadf909286b1f642408f3d9ddf0d8",
"text": "The trader has purchased 1095 options, each of which is a contract which entitles him to sell 100 shares of Cisco stock for $16 a share. He paid $71 for each contract (71 cents a share x 100) which is roughly $78k total. He will get $109,500 for each d... | [
{
"docid": "b6a90c268daabff60f9717e9e8d84869",
"text": "Options, both puts and calls, are typically written/sold at different strike prices. For example, even though the stock of XYZ is currently trading at $12.50, there could be put options for prices ranging from $0.50 to $30.00, just as an example. There... | fiqa |
825513bb9890de5d5ba58d1d1e840546 | Self employed, putting away tax money | [
{
"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... | [
{
"docid": "358ca6cdfe9780ec08e4a2d93d91605b",
"text": "My understanding (I am not a lawyer or tax expert) is that you are not allowed to work for free, but you can pay yourself minimum wage for the hours worked. There are probably National Insurance implications as well but I don't know. The main thing is,... | fiqa |
a95c52ce8dd5740f0cf765965662f3ce | Where on schedule C should a PO Box Rental fee go? | [
{
"docid": "96b8fbf19e0d9bba77b45d071ea95197",
"text": "\"Turbotax community had a similar question. They claim you just put it into \"\"Office Expense\"\". I never understood why there are so many categories when they are just summed up and subtracted from your income. How can you possibly get in trouble ... | [
{
"docid": "6ef443450b7a2e0334cec2673e52f06d",
"text": "\"You would put your earnings (and expenses, don't forget) on Schedule C, and then do a Schedule SE for self-employment tax. http://www.irs.gov/businesses/small/article/0,,id=98846,00.html 1040ES isn't used to compute taxes, it's used to pay taxes. Gen... | fiqa |
242244af0bc6298c5043bb1d0a223d45 | Switching Accountants - who does the audit review for past years? | [
{
"docid": "1ff7ff77c27135f1c844d712bc5d1580",
"text": "It depends on what you paid for, but usually audit support is an unrelated engagement to the return preparation. If the accountant made a professional mistake, you can request correction and compensation from that accountant, other than that any accoun... | [
{
"docid": "d90b94d9577b58a3b59c9ed199cb1d43",
"text": "In the US, auditors are selected and fees are set by the Audit Committee of the BoD. The Audit Committee is made up of independent directors, at least one of which is a financial expert. Also, finding something fishy leads to extra billings much more... | fiqa |
7f2d84badd399b5bf8b3e7d6c656dc6d | How much house can I afford, waiting around 3 years or so | [
{
"docid": "cd40fec317928dc6104dc709adb7b007",
"text": "On $4K/mo gross about $1000/mo can go to the mortgage, and at today's rates, that's about $200K of mortgage the bank might lend you. Income is qualified based on gross, not net, so if $48,000/yr is wrong, please scale my guesstimate down a bit. In the... | [
{
"docid": "b68e494bf8a664103589c1f240d388f4",
"text": "The $3K includes property tax, right? It looks like the mortgage alone will be about $2150 or so. If your (cal) state tax is enough to put you into itemized deductions, your mortgage and property tax are a write off, and the $3k will actually be closer... | fiqa |
60673bcd3a408c6f10b49cf85f4b7666 | why the currency data(such as USD/JPY) is different from different source | [
{
"docid": "d65931bcdd9257af1f8355851a61b1f3",
"text": "A day is a long time and the rate is not the same all day. Some sources will report a close price that averages the bid and ask. Some sources will report a volume-weighted average. Some will report the last transaction price. Some will report a time-we... | [
{
"docid": "79d5438b0c557a93e7157a96506906bf",
"text": "I work on a buy-side firm, so I know how these small data issues can drive us crazy. Hope my answer below can help you: Reason for price difference: 1. Vendor and data source Basically, data providers such as Google and Yahoo redistribute EOD data by ... | 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 |
813ee48eee648ce48a9b5abedd697d61 | what is the meaning of allowing FDI in Insurance and pension funds | [
{
"docid": "8918cf0207969007a7c15fb0a639b4a0",
"text": "Insurance in India is offered by Private companies as well [ICICI, Maxbupa, SBI, Max and tons of other companies]. These are priavte companies, as Insurance sectors one has to look for long term stability, not everyone can just open an Insurance comp... | [
{
"docid": "1d94322f86b8c4d4aeab0163ac063d5a",
"text": "Fund rebalancing typically refers to changing the investment mix to stay within the guidelines of the mutual fund objective. For example, lets say a fund is supposed to have at least 20% in bonds. Because of a dramatic increase in stock price and dec... | fiqa |
f5e13bef2bab5ab7d559055f64d24173 | Acquiring first office clothes | [
{
"docid": "58421f730e6ce10311b57fb06a679356",
"text": "While in the interview stage you need one good outfit. Take care of them and they will see you through this stage of the process. Shoes, ties, shirt, and a suit can all be purchased on sale. The fact that you have months before graduation give you time... | [
{
"docid": "6f47f06623dd8319201aedf3c4769a27",
"text": "I was able to request a modest advance on my salary when I started my first job out of college, for essentially the same reason. Alternatively, you might consider requesting a small personal loan from friends or family. If you have a credit card that c... | 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 |
11958653a1a84f3d951d8db787385df8 | How to handle taxes related to affiliate marketing? | [
{
"docid": "2f09f6c30dc4b1608d046520b3289e5d",
"text": "Is it right that I request form W-9 or form W-8BEN (for non U.S. citizens) from the affiliate users before sending them payments? Not just OK. Required. I know that I have to send form 1099, but I don't know where does this form should go to. Shoul... | [
{
"docid": "8d28aa994d28e9404b96d8ac04f34c79",
"text": "LLC doesn't explain the tax structure. LLCs can file as a partnership (1065) Scorp (1120S) or nothing at all, if it's a SMLLC. (Single Member LLC). I really enjoy business, and helping people get started. If you PM me your contact information, id be mo... | fiqa |
d32c49b0f71ece6323c24cda5dd3c2ab | Bank statements - should I retain hardcopies for tax or other official purposes (or keep digital scanned copies)? | [
{
"docid": "8c0d1ce03947d1f4d6f5848f144ecc88",
"text": "\"In the UK Directgov don't specify anything more than \"\"records\"\", which leads me to think that a digital copy might be acceptable. With regards to bank statements, individuals (i.e. not self-employed, or owning a business) need to keep them for b... | [
{
"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... | fiqa |
c132adb6ed62379fc9e0884fc04fa51b | Child is on the way, invest for college and car fund options - opinions | [
{
"docid": "2e3ef60e22536acc94cfd8fd5d74975b",
"text": "Look at your options with a 529 program. If the money is used for education expenses: that currently includes tuition, room & board (even if living off campus), books, transportation; it grows tax free. Earnings are not subject to federal tax and gener... | [
{
"docid": "4c3f9e3c2a929aafaae3051f4c399ef4",
"text": "\"John's answer is similar to what I was thinking. You should invest in insurance \"\"because there's an insurance salesman who needs to pay to send his kid to college.\"\" I will never be a fan of any type of permanent insurance, and I think it wrong ... | fiqa |
be4505e7386f6057b53d2ce6d0f2d03f | Is it ok to just report to 1 credit bureau instead of all 3 | [
{
"docid": "3a0c5da5d45000dd5a41105eb72828b9",
"text": "The reason you would want to report to all three is because lenders don't usually query all three. Thus, it may be that your negative mark will be missed by a future lender because that lender didn't query the agency you chose to report to. Generally, ... | [
{
"docid": "d878b407e2951ae82995e866c073014a",
"text": "One of your credit reports said this was negatively impacting your credit. You are entitled to a free copy of your credit report once per year from each of the three major credit reporting companies in the U.S. (TRW, Equifax and one other). It is a goo... | fiqa |
e6be155380dc063804c1bb1081743e59 | Transfering money from NRE account in India to family member | [
{
"docid": "c916c8fa514f3f3311133641df827b33",
"text": "I am a US citizen and I want to transfer some amount 10 lakhs+ to my brother from my NRE account in India to his account. My brother is going to purchase something for his business. He is going to return my amount after 3-4 Months From the description ... | [
{
"docid": "e5ad8cbe0e4f19d476aebcb94e6e6d54",
"text": "If the funds are in NRE account, then there is no issue. You just instruct your bank in India to transfer. If your tax status in India is Non-Resident Indian, you should not be holding a normal Savings bank account. Under the liberalized remittance sc... | fiqa |
6a48fd3b95873af8beb210ec5e636b26 | Can a Zelle Bank Transfer be reversed or denied after credit has been added? | [
{
"docid": "9c9acdcbf56c5fe87270584861c27edb",
"text": "After collecting information via web searching, the comments above, and a additional call to BOA, i have concluded the following to the best of my knowledge. Zelle Transfers are final. Irreversible. As Jay mentioned above, funds are subtracted from the... | [
{
"docid": "f74da4d8b3fe79ba63956ef642f3ebc2",
"text": "Below are some of the differences between FedWire credit transfers and ACH credit transfers in the US. FedWire Same day clearing, which means the sender's account is debited and your account is credited on the same day Irrevocable. Once a FedWire is s... | fiqa |
bdd4195b98757d424ac318c87dd9b9d9 | What are the procedures or forms for a private loan with the sale of a vehicle? | [
{
"docid": "b51589201c2d2e7f27a9572b11c42113",
"text": "The Nebraska DMV web site has a neat page about this. It seems to be fairly simple, and not costly to record a lien and later release it. Just go there with the title and the sales agreement that details the terms, and pay the $7 fee.",
"title": ""... | [
{
"docid": "19a41f572fb72c31a0e903d04b283a65",
"text": "\"At this point there is not much you can do. The documentation probably points to you being the sole owner and signer on the loan. Then, any civil suit will degenerate into a \"\"he said, she said\"\" scenario. Luckily, no one was truly harmed in t... | fiqa |
941beb3ae7f1bc867a72dc0f1dbb4bba | How to account for startup costs for an LLC from personal money? | [
{
"docid": "9349f71c3fa6137dd26bb82e45f19afe",
"text": "Typically you give a loan to the company from yourself as a private person, and when the company makes money the company pays it back to you. Then the company pays for all the expenses with the money from the loan. Even if you don't want a business ac... | [
{
"docid": "ac9363665b6f3b6c63d77f667d33cd17",
"text": "\"The point is that you need to figure out when a \"\"business expense\"\" is actually just a personal purchase. Otherwise you could very easily just start a business and mark all of your personal purchases as business expenses, so you never have to pa... | fiqa |
628e211962117f28eff41977a5ec05df | What's the point of a chargeback when they just ask the merchant whether they owe money to the buyer? | [
{
"docid": "ced010cfdc8221b082ad29aab4e22266",
"text": "When you initiate a chargeback, the merchant has the right to dispute the chargeback. If they can provide proof that the purchase actually took place, the chargeback will fail. We don't know all the details of your situation, of course, but it appears... | [
{
"docid": "b427ead79d6bc0ca641b104f8705fd3c",
"text": "I would presume this goes entirely through the credit card network rather than the banking network. I am guessing that it's essentially the same operation as if you had returned something purchased on a card to the store for credit, but I'm not sure wh... | 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 |
f1edc69d8843f68c46f43f9ab5ca7f1b | How quickly will the funds be available when depositing credit card checks? | [
{
"docid": "6ba2969a7b4b350271253af65cef00dd",
"text": "For those who don't know, credit card checks are blank checks that your credit card company sends you. When you fill them out and spend them, you are taking a cash advance on your credit card account. You should be aware that taking a cash advance on... | [
{
"docid": "e035cf8095b7f043254c4e5ead6f0785",
"text": "This is normal for credit cards. As long as you make the credit card company's cutoff time, they will make the funds available on your credit card rather than make you wait for them to actually get the funds from your bank. The amount of time this tak... | fiqa |
aa4bd60227161da39eb8b9637712abfb | Limited Liability Partnership capital calculation | [
{
"docid": "b8763fac73b9c4be5794c15172547797",
"text": "Retained earnings is different from partner capital accounts. You can draw the money however the partners agree. Unless money is specifically transferred to the capital funds, earnings will not show up there.",
"title": ""
}
] | [
{
"docid": "d304ada0eec7878085696ff363929bd9",
"text": "\"To calculate the balance (not just principal) remaining, type into your favorite spreadsheet program: It is important that the periods for \"\"Periods\"\" and \"\"Rate\"\" match up. If you use your annual rate with quarterly periods, you will get a ... | fiqa |
813c19381f6d0651c31c95ddc53c4270 | FTB sent refund check for 2011 during audit; Does this really mean that whole audit is over for 2011? | [
{
"docid": "c743f8e5cf7a21d3fc9d381bb59847ad",
"text": "Not it doesn't, and yes they can. If the audit is closed, you should have received invitation to attend the closing conference, and get the summary of decisions from that meeting in writing. I suggest you check with your tax representative about this r... | [
{
"docid": "afe19c20847f0e7a9a756d6cabf039b6",
"text": "Having a large state return also means that there is a potential income tax liability created at the federal level for the following year, as the situation resulted from the deduction of more on one's federal return than should have been deducted. The ... | fiqa |
8beb11aa4c8d747f40d97f2ca79b6431 | Where are the non floated Groupon shares | [
{
"docid": "ee4d0a9daa326b674d55ebf8b17e4920",
"text": "The original investors and founders own them. Think about it this way - When you hear that an IPO priced at $10 opened at $50, is that 'good or 'bad'? Of course, it depends who you are. If you are the guy that got them at $10, you're happy. If you are ... | [
{
"docid": "69923fb1d6e6e062c5b30216a5600c26",
"text": "Even with non-voting shares, you own a portion of the company including all of its assets and its future profits. If the company is sold, goes out of business and liquidates, etc., those with non-voting shares still stand collect their share of the fu... | fiqa |
0f7fa9af4dd536c4ad814768d144622e | My Boss owes money but I am named on letter from debt collection agency (UK) | [
{
"docid": "06741791d286fe079a92f0570f498adc",
"text": "I would not be overly concerned unless they started contacting you directly on your personal time or it showed up on your credit report. It is very likely that you are listed simply for their own records. This is correct for them to do, since you spok... | [
{
"docid": "cf395ba4cd893fe297222a85e755771d",
"text": "Better suited to /r/personalfinance, but you definitely owe the money. Unless you had something in writing that they were going to send a bill to a certain address, it's your responsibility to pay. Hell, even if you did have something in writing that s... | 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 |
491ec94daca3dec51c8fd13300a58b54 | Paying estimated taxes in a quarter with losses | [
{
"docid": "02cb0d8b8af2dacbb33d62b9731c6ab3",
"text": "Yes, if you're caught up you can skip the quarter.",
"title": ""
}
] | [
{
"docid": "100d4f2245519dfd83b90ac0cc82d35d",
"text": "You are not allowed to pick and choose what years to take a loss once the stock/fund is sold. While I realize it might be too late for you to do anything now, in the future if members should read this, they might consider doing a Roth conversion durin... | 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 |
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