query_id stringlengths 32 32 | query stringlengths 6 5.38k | positive_passages listlengths 1 17 | negative_passages listlengths 9 100 | subset stringclasses 7
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|---|---|---|---|---|
c6f6f8f6bb1c3f2a5f297cddb97389c3 | New business owner - How do taxes work for the business vs individual? | [
{
"docid": "300c2b236171618b127627cb296130ad",
"text": "Through your question and then clarification through the comments, it looks like you have a U.S. LLC with at least two members. If you did not elect some other tax treatment, your LLC will be treated as a partnership by the IRS. The partnership shoul... | [
{
"docid": "dc55d2f06ed16eb2a0e502d86f342e03",
"text": "\"So the main reason that you aren't getting answers is that the question is not really answerable on this site without putting a lot of details about the expenses of your company online. Even then you will need someone who specializes in Canadian tax... | 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 |
0ed163e7f2c303fe4d11b150c5217caa | How to transfer personal auto lease to business auto lease? | [
{
"docid": "ed2a440591aaa7a4df75c0943e7628ae",
"text": "I'd approach the lender that you're getting the lease from, but be prepared for them either saying 'no' to putting the lease into the name of an LLC without any proven track record (because it hasn't been around for a while) or require you to sign a pe... | [
{
"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... | 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 |
8fccf49c9401543e983aa8b159d0c07a | Car as business expense, but not because of driving | [
{
"docid": "2ec447312a423d5378550f6d87afb5a5",
"text": "\"To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expe... | [
{
"docid": "bacbe17f21b09d058f277e0c87cc31a0",
"text": "Keep this rather corny acronym in mind. Business expenses must be CORN: As other posters have already pointed out, certain expenses that are capital items (computers, furniture, etc.) must be depreciated over several years, but you have a certain amoun... | 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 |
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 |
43c301094741932c675ef32c7b7476a2 | In what cases can a business refuse to take cash? | [
{
"docid": "842264f7e67962cdd9820c15a852e5f3",
"text": "The Federal Reserve website notes that creditors must accept cash for debts on services already rendered, but that businesses may refuse cash for services not yet rendered unless prohibited by local law. The Treasury website includes examples of busine... | [
{
"docid": "7ca2ce1a6ca37200e7f5119f80f5b42c",
"text": "First of all, don't be rude-I'm trying to help here. Second, picture this scenario- a company manages an offshore oil rig. The employees by law have to be paid in a certain period of time. To send paper checks to the employees who work on the oil ... | fiqa |
286ef76b2b78c7530b6c52a830f073d2 | How to safely earn interest on business profits (UK) | [
{
"docid": "c7f69a4ac2f6301ad1db8d23d13323d7",
"text": "Deposit it in a business savings account. The following below show you some options you can choose from. Next you can invest it in the market i.e. shares, bonds etc. If you have a more risky side, can go for peer to peer lending. If you are feeling rea... | [
{
"docid": "eced5a5b1949a6d5aa8cb7ff9a8b1692",
"text": "What you're getting at is the same as investing with leverage. Usually this comes in the form in a margin account, which an investor uses to borrow money at a low interest rate, invest the money, and (hopefully!) beat the interest rate. is this approa... | fiqa |
2ed886144a94646998a320b2ee993b09 | Dual Citizen British/US and online business taxes | [
{
"docid": "2cd770682f25805fc6be5eea23b57d81",
"text": "I see no reason why a US ID would be mandatory anywhere in the UK. I'm sure they have their own tax IDs in the UK. However, if the gallery requires US persons to submit US W-9 - then yes, you're covered under that requirement.",
"title": ""
}
] | [
{
"docid": "9797c3ae43e312e7a4e29c26a0f28f57",
"text": "If i am not wrong, any business activities such should be declared on Year End Tax filing. If your friend is going to own that website either it is commercial or nonprofit, he has to declare in the year end taxation.",
"title": ""
},
{
"doc... | fiqa |
63935d0e40ccc63de66fb9fe1e35833a | 1099 versus corporation to corporation for payments? | [
{
"docid": "15ad22bcdc1ba71d64e2cdba622599e3",
"text": "Do not mix personal accounts and corporate accounts. If you're paid as your self person - this money belongs to you, not the corporation. You can contribute it to the corporation, but it is another tax event and you should understand fully the conseque... | [
{
"docid": "71e4607b1121d82861ac730ef02093d7",
"text": "Hey, sole proprietorships called (don't those comprise roughly 50% of all businesses?) they want to know what corporate tax is. Hell, most of them want to know what payroll tax is. They just know it's not fun paying both halves of it. From my perspe... | 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 |
8d50b509e4ef52fa0796aba312e70de3 | Can I Accept Gold? | [
{
"docid": "4c30ad0006a1e499ae485f0a559057c3",
"text": "\"You can accept almost anything mutually agreeable to you and the other party as payment. That's the definition of \"\"barter\"\". If you agree to trade manufactured goods for livestock, as long as both parties agree on the terms, I'm not aware of any... | [
{
"docid": "1f82eef360c642b80cbd1041bd8dcd02",
"text": "\"Gold is not an investment. Gold is a form of money. It and silver have been used as money much longer than paper. Paper money is a relatively recent invention (less than 350 years old) with a horrible track record of preserving wealth. When I exc... | fiqa |
d58db2e509043e9612cd31c00bd21ce4 | Ethics and investment | [
{
"docid": "a9ba213c322de36dbdb0fdaee716f0b8",
"text": "\"Are there businesses which professionally invest ethically? Yes. The common term for this is \"\"socially responsible investing\"\". Looking at that page and googling that term should provide you with plenty of pointers to funds to investigate. Of ... | [
{
"docid": "6d9785cd80cb5526be4badf850cac28e",
"text": "The problem is I can't do anything with those morals. I can't grow my company with it, I can't pay my employees with it and I can't buy things with it. You should he as moral as possible, but when you are so moral that you start making moral choices ... | fiqa |
ab09c8ac2f704f01841866cca23446ca | Getting financial advice: Accountant vs. Investment Adviser vs. Internet/self-taught? | [
{
"docid": "67cbe9429df7739550de8c0cf95a68ba",
"text": "\"Do I need an Investment Adviser? No, but you may want to explore the idea of having one. Is he going to tell me anything that my accountant can't? Probably. How much expertise are you expecting from your accountant here? Do you think your accountan... | [
{
"docid": "d77ecf24ade6171a4838084eeac4a212",
"text": "\"I have always found that the \"\"free\"\" planners are just salesmen pointing you in their best interests. Not that it won't get you a good deal in the processes, but, in my experience, they usually just recommend products that give them the best com... | 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 |
efebcf7a554eeb9d76ed081b900d5310 | Can I open a personal bank account with an EIN instead of SSN? | [
{
"docid": "765e60af2e9d1a54d09edc1026346916",
"text": "\"According to IRS Publication 1635, Understanding your EIN (PDF), under \"\"What is an EIN?\"\" on page 2: Caution: An EIN is for use in connection with your business activities only. Do not use your EIN in place of your social security number (SSN). ... | [
{
"docid": "2e8d2a6fc48ad0b5eb36446712f21708",
"text": "set up a US company (WY is cheap and easy), go south and open a personal and business bank account, ask for the itin form. file for the itin. set up your EIN for the company. get a credit card for both. pay some mail forwarding service with it. file fo... | fiqa |
adfbb7086c70e740f67f52084addca15 | why if change manufacturing of a product not change the price for the buyer? | [
{
"docid": "9d9f02719dc4bd5d2fe38df5e59c278b",
"text": "In highly developed and competitive industries companies tread a continuous and very fine line between maximising shareholder profits by keeping prices up while making products as cheaply as possible, vs competitors lowering prices when they work out a... | [
{
"docid": "52bbfff40cb3c26c0cb6c4697dcbec40",
"text": "The public was sold the idea that losing manufacturing didn't matter. They were told not only do you get cheaper products. But you will get new cleaner service, and tech jobs that pay the same or better! People bought into it but 30 years later Ross Pe... | 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 |
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 |
22e8d75e8f09e49a043377b5d85d4bb5 | Are there any issues with registering an LLC in a foreign state? | [
{
"docid": "21f92446dfd048a11ba3713e97294bf3",
"text": "\"No, there are no issues. When you form the corp in DE, you pick a business there to serve as your \"\"agent\"\" (essentially someone who knows to get in contact with you). The \"\"agent\"\" will notify you about taxes and any mail you get, but besi... | [
{
"docid": "0cc9f29299b97f983d66979dc8a38088",
"text": "Are you talking about domicile? An LLC is treated differently than a corporation in the terms of citizenship of the law. An LLC is a citizen of whichever state it's members (shareholders) are citizens. I would recommend you just spend the money on a b... | 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 |
be723a32e915f54561cd3a9eff09d1c6 | What is a good open source Windows finance software | [
{
"docid": "0a08c66465ff0e7a78383b8babf2b9cf",
"text": "Have you tried others on Wikipedia's list?",
"title": ""
},
{
"docid": "b2c2a2438b925a7ca203cf52bfabeaf3",
"text": "You really shouldn't be using class tracking to keep business and personal operations separate. I'm pretty sure the IRS ... | [
{
"docid": "ed961bc386f62746a9c09a3a9344c4f0",
"text": "Frankly, the article is mostly right, but I disagree with his specific recommendation. Why use one of these software services at all? Put your money into a retirement (or other) account and invest it in index funds. Beating index funds over the long... | 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 |
25edaf544b7fd644ba9e63054f5684a3 | How do Islamic Banking give loans for housing purposes? | [
{
"docid": "acb94a9e1d388b05abaf94b5a3a69cde",
"text": "If the customer pays 20% of the payment in advance, then he is he owns 20% of the house and the bank owns 80%. Now they say he pays the rest of the amount and also the rent of the house until he becomes the sole owner of the house.",
"title": ""
... | [
{
"docid": "c7ef1a2fdbb1359261574b34d2c11589",
"text": "A financial institution is not obligated to offer you a loan. They will only offer you a loan if they believe that they will make money off you. They use all the info available in order to determine if offering you a loan is profitable. In short, whet... | 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 |
b07ce295ab0cdebf84df42a43eb42461 | LLC in states with customers with and without employees in the state | [
{
"docid": "776d1b6aa23bf68f4ab21bf947292452",
"text": "If I hire someone in Utah to do sales for me over the phone, and he works out of his home, am I required to register an LLC or file my current one as a foreign entity in Utah? Yes, since you've established presence in Utah. You'll register your cur... | [
{
"docid": "eb2a95119679e24f2467dcdd08ca9b5b",
"text": "Your question mixes up different things. Your LLC business type is determined by how you organize your business at the state level. Separately, you can also elect to be treated in one of several different status for federal taxation. (Often this auto... | fiqa |
4de86cc7f804aac13f9f0b1fa8a1ceee | Is there a difference between managerial accounting and financial accounting? | [
{
"docid": "76a9ed4fab9cd5cc581ca44a192f6936",
"text": "\"From Wikipedia: Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any period of time such as daily, weekly or monthly. Reports are considered to be \"\"future looking\"\" and have fo... | [
{
"docid": "9181a0442098d0d31d1e676242aa7daf",
"text": "\"tl;dr It's a difference between cash and cash equivalents and net cash and cash equivalents. Download the 2016 annual report from http://www.diageo.com/en-us/investor/Pages/financialreports.aspx On page 99 is the Consolidated Statement of Cash Flows... | 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 |
0e9aef81217272e21be61e9f0ac33f77 | Why does the Brexit cause a fall in crude oil prices? | [
{
"docid": "4f36107f1dd32de8bf61061bd5578b52",
"text": "\"Uncertainty has very far reaching effects. Oil is up ~100% since February and down ~40% from it's 52 week high (and down even more on a longer timeline). It's not exactly a stable investment vehicle and moves a few percent each day on basically no... | [
{
"docid": "18db0e4ca9c70f63f9dfd4813596faf3",
"text": "\"I'll take a stab at this question and offer a disclosure: I recently got in RING (5.1), NEM (16.4), ASX:RIO (46.3), and FCX (8.2). While I won't add to my positions at current prices, I may add other positions, or more to them if they fall further. ... | fiqa |
1582431092b449a020395ff636470ff2 | Would extending my mortgage cause the terms to be re-negotiated? | [
{
"docid": "381563a5ff5f8c8db9c154df4fd540d0",
"text": "Run the numbers in advance. Understand what are the current rates for an additional 2nd mortgage, what are the rates for a brand new mortgage that will cover the additional funds. Understand what they are for another lender. Estimate the amount of pap... | [
{
"docid": "347811f50c265db95041d70d0b4ce06c",
"text": "\"Another option would be to not refinance but also not pay any extra each month but to continue as you are making the existing payments and just put the \"\"extra\"\" you would have paid aside in an investment of some type (something you are comfortab... | fiqa |
a536280a89131f63ae6fc460946dc3e1 | Reporting software subscriptions | [
{
"docid": "90f61f5feed3b41449a720a09f583b32",
"text": "Generally prepaid services should be capitalized over the period prepaid. But if it is up to a year - you can just expense them. As to the technicalities - you can contact Intuit support, but you should be able to put it in the same area where you put ... | [
{
"docid": "1215709f7759651dfa4fa316b87bc917",
"text": "The websites of the most publicly traded companies publish their quarterly and annual financials. Check the investor relations sections out at the ones you want to look at.",
"title": ""
},
{
"docid": "07475e63cecd2d11c78cb1bde47e5b0b",
... | fiqa |
755f24a4bb8b92b8b12ddc4a04bb1ab0 | Individual Client or Customer fining or charging a Company a penalty fee | [
{
"docid": "76ef434980e501e5c6eca6d295ecc6a9",
"text": "What's the primary factor keeping a consumer from handing out fees as liberally as corporations or small businesses do? Power. Can an individual, or more appropriately, what keeps an individual from being able to charge, fine or penalize a Business? If... | [
{
"docid": "558f752b8e4d53038da7f1fad1c7b577",
"text": "One company owns majority of popular freelancing websites (elance included) Aside from the race to the bottom pricing happening for projects; customer is always right. Lots of stories of even a pip from a client freezing accounts -- not even just a pr... | fiqa |
ebdb35b56c4920d09ab77171a35c7041 | Freelance trading of products in India | [
{
"docid": "12bd33797cc2aa55c458ee11ea08a57d",
"text": "For most goods there is no license required, unless you are trading in restricted goods. Remittance need to be routed via banks and they should comply with FMEA. Your Bank or a qualified CA can guide you.",
"title": ""
}
] | [
{
"docid": "1d8f08c6246d4f181722de70f2775519",
"text": "Welcome To Shainex Relocation AN ISO 9001:2008 Certified Company SHAINEX PACKERS AND MOVERS is a proud service tax payee Professional Services Provider for Packers and Movers, packing and moving, Domestics Packing Moving, International Packers Movers, ... | fiqa |
40ff73f5ec2637a2dd0a314295aefee5 | Cost is (maybe) part of basis for two assets | [
{
"docid": "72c48b31b6fa47b1f89fb4a960648aff",
"text": "For accounting purposes, consider the costs of acquisition as part of the cost of the asset as opposed to expensing. This will be important to consider if you need to amortise the asset for reporting or tax purposes. Dr. Land $250,000 Dr. Building: $2... | [
{
"docid": "49f29b55b33e9105340e11bfb78539e9",
"text": "You also may want to consider how this interacts with the stepped up basis of estates. If you never sell the stock and it passes to your heirs with your estate, under current tax law the basis will increase from the purchase price to the market price ... | fiqa |
646251ab6cb4cde5eba07ac1859991ee | Executor of will | [
{
"docid": "51ff210841af2772f24754daf33e7bf7",
"text": "I strongly doubt that being executor will make the assets of the estate vulnerable to a suit against him personally. The estate is it's own separate legal entity with its own TIN. Only creditors against the estate itself can make claims against it and ... | [
{
"docid": "929316683fa35e9a0e9f86e94cf91880",
"text": "\"Most states have a \"\"cap\"\" on the amount a \"\"heir finder\"\" can charge for retrieving the property. It is generally around 10%. Even if the state does not have a particular statute you can usually negotiate the rate with the company. Thirty... | 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 |
24314f12194980fe7e22039299cef75d | What are the tax implications if I do some work for a company for trade, rather than pay? | [
{
"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... | [
{
"docid": "0226b7567718747b0c30a8e2c96cdcd7",
"text": "There are two totally different things: There is your limited company, and there is yourself. Your limited company will absolutely have to pay 20% corporation tax on all its profits. The profits are the income of the limited company (you say it's £5,0... | 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 |
88204bc51769453bb8e0869f97eff1ce | How do multi-currency bank accounts work? What is the advantage? | [
{
"docid": "18fdaf795363cebce215bc069bf9f8f1",
"text": "Today typically a Business needs to hold accounts in more than one currency. Banks in certain countries are offering what is called a dual currency account. It is essentially 2 accounts with same account number but different currency. So One can have a... | [
{
"docid": "f8a85fd74968db82a68d08b94722c7d6",
"text": "There are short-term and long term aspects. In the long term, if you live and work in Australia and plan to continue doing both indefinitely, you might as well move all your cash investments there. There would be no point bearing the exchange rate ris... | fiqa |
bb2f7965fba4799eb7489fafa93413d1 | Swiss-style Monetary Policy | [
{
"docid": "87f3299669175f2ba326371f00e92c4a",
"text": "\"This is what is called \"\"weasel words\"\". They're trying to put some authority into their ad, but since they don't have any - they're putting meaningless words that sound important. Monetary policy is the state/central bank policy to control the s... | [
{
"docid": "045a95698737bb16498d42194ede6411",
"text": "I am just a C student with no hope for grad school, so you are going to have to walk me through this... The ECB (until recently), Japan, and the Swiss have been running QE programs equal to that of the Fed's in 2009 for the last couple of years. That'... | fiqa |
f47421a1d488cd01163356374a1ba69d | Why does capital gains tax apply to long term stock holdings? | [
{
"docid": "348c16d28dd5f13cc22835ed310e419a",
"text": "\"Why only long term investments? What do they care if I buy and sell shares in a company in the same year? Simple, your actually investing when you hold it for a long term. If you hold a stock for a week or a month there is very little that can happ... | [
{
"docid": "7ca594024cad43676e532bdd3be3a86d",
"text": "No, it's not all long-term capital gain. Depending on the facts of your situation, it will be either ordinary income or partially short-term capital gain. You should consider consulting a tax lawyer if you have this issue. This is sort of a weird lit... | fiqa |
667c9adcee6b016abfa22663f71ab1b5 | How can a school club collect money using credit cards? | [
{
"docid": "daaa039e808d165597234fd11e103a13",
"text": "Large and small universities have procedures in place regarding the use of the universities name, logo, facilities, and budget. They should have in place guidelines regarding the collection and use of funds from members, and participants. These guideli... | [
{
"docid": "0dbc73b704ace2fd555de902aee30592",
"text": "\"The basic way that these \"\"work\"\" is this: Every year I have to deposit 3500 to remain active in the company, else my account gets expired. You are paying money into the system. The only way you make any money is to: By my calculation I(or my chi... | fiqa |
58b4d5535ce3094efba838fad5394299 | What significant negative factors affect Yahoo's valuation? | [
{
"docid": "af2e38ba5d717fc1e30e479aeb76faec",
"text": "There are two very large negative factors that affect Yahoo's valuation. The first is that their search business is in decline and continues to lose ground to Google and even Bing. There's no sign that they have any plan or product in the works to o... | [
{
"docid": "fca73e29b05038112a00f43c8a4f49ef",
"text": "You are right: if the combined value of all outstanding GOOG shares was $495B, and the combined value of all GOOGL shares was $495B, then yes, Alphabet would have a market cap of at least $990B (where I say at least only because I myself don't know tha... | fiqa |
37c7e4b68a3740c41a7e55f3b6a35bdf | How to systematically find sideways stocks? | [
{
"docid": "c156209751f676df4da54f3b864594b3",
"text": "You can likely use bollinger band values to programmatically recognize sideways trending stocks. Bollinger band averages expand during periods of volatility and then converge on the matched prices the longer there is little volatility in the asset pric... | [
{
"docid": "e4e05e49e26aa1ad784cf0a3d54fbf5a",
"text": "\"I (and probably most considering trading) had a similar thought as you. I thought if I just skimmed the peaks and sold before the troughs, perhaps aided by computer, I'd be able to make a 2% here, 2% there, and that would add up quickly to a nice am... | fiqa |
b382b9f7c1ede5b1ee366679c48876c0 | Who Can I Hire To Calculate the Value of An Estate? | [
{
"docid": "2d32ccf220435358c890dd86b7bce3e2",
"text": "\"Generally, it would be an accountant. Specifically in the case of very \"\"private\"\" (or unorganized, which is even worse) person - forensic accountant. Since there's no will - it will probably require a lawyer as well to gain access to all the acc... | [
{
"docid": "49e3d2116918cb73a179cc14a2c0f669",
"text": "The best analysis I know of Kiyosaki and his advice somes from a genuine property expert who gives plenty of good advice. If you are really interested then check out [John T Reed on Robert T Kiyosaki](http://www.johntreed.com/Kiyosaki.html).",
"ti... | 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 |
3dfd234ac9a8c92cf4af219d305ee408 | Does setting up a company for your own improves credibility? | [
{
"docid": "b228fd9c49d849a76e562c6128b35a42",
"text": "The key here is that you are defacto running your own company no matter if you acknowledge it or not. In the end these questions have the goal of deciding if you can and will repay the loan. Presumably you filed taxes on your income. These can be sh... | [
{
"docid": "eb56519181d6a8e65c0ce3a6d39eb5d7",
"text": "Yep. Look at Market Basket's current debacle as a prime example. On NPR someone's opinion was that it works (there's many family-owned/run companies), but there's family issues (power disputes, control, vision, etc.) which if aren't managed/sort well c... | 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 |
b0c32de1a834a759779b62d5ff0c3644 | I just “paid” online with a debit card with no funds. What now? | [
{
"docid": "3109d70095ef776217692620465fdf6f",
"text": "There are a few factors at play here. Depending on the bank that has offered you the card there are different types of overdraft protection that may have been set up. Typically, if they attempt to run the card with no money, if one of these is in play,... | [
{
"docid": "74cb59c84c8f5b2738b01dd113047091",
"text": "You should contact the Company who purchased your visa balance and ask/write the following questions: 1. Dispute the charge from Emusic.com as invalid. 2. Instruct that no future charges will be accepted. 3. How come Emusic.com was allowed to debit y... | 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 |
f870e93caf07973537880d5124741ca9 | Legal requirements to sell design content, artwork and also freelance in India? | [
{
"docid": "cfda73ae0f9dbf89a67f975f4f6047b6",
"text": "There is no requirement to open a company. You can work as freelancer. You need to report income and file returns. If your income is more than exempt limit, pay taxes. Apply for a PAN number if you don't have one yet.",
"title": ""
}
] | [
{
"docid": "391b1a6dc29982369e55f4f55b9026fb",
"text": "If you want to use the original material then you will, essentially, need to negotiate for it. You are in ugly, muddy territory. Don't expect a simple, easy legal solution to exist; civil courts exist partly to help navigate these kinds of quagmires.... | fiqa |
c2438538ec1ed917fb644215b044222e | Is robinhood backed up by an insurance company | [
{
"docid": "83e3d39d20866a2ab99c351df1393e0e",
"text": "\"robinhood is a member of finra, just like any other broker. as such, they can't legally \"\"lose\"\" your assets. even if they file bankruptcy, you will get your money back. obviously, any broker can steal your assets, but i doubt robinhood is any m... | [
{
"docid": "1479bfc3f23662f17bdf12c0074e13f8",
"text": "\"I like Muro questions! No, I don't think they do. Because for me, as a personal finance investor type just trying to save for retirement, they mean nothing. If I cannot tell what the basic business model of a company is, and how that business model ... | 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 |
4f4e07f025531162ec306946681b4e73 | Does renting a room on AirBnB make all interest taxable? | [
{
"docid": "47c9c8dbbbfb64b9537ec5a36e9cc724",
"text": "\"What theyre fishing for is whether the money was earned in the U.S. It's essentially an interest shelter, and/or avoiding double taxation. They're saying if you keep income you make outside the US in a bank inside the US, the US thanks you for sto... | [
{
"docid": "fe4d51ea49dc69c61e96c23aedb34e51",
"text": "Normally, yes, you would have to pay. If you are in the US, or a citizen of the US, then IRC Sec. 61 would levy tax on all income. Even if you find money on the ground, that will generally be taxable income (the treasure trove doctrine). If you are pay... | fiqa |
f3e1bac233a85fd8a770dba4338fa6a6 | How to protect myself against unauthorized recurring CC charges? | [
{
"docid": "ac87f082a3a41ed46993d0840e78b8a3",
"text": "\"The bank SHOULD be able to issue you a new card without letting vendors roll over the recurring payments. In fact, I've never had a bank move recurring payments to a new card automatically, or even upon request; they've always told me to contact the ... | [
{
"docid": "5fee4c2ada624f9f9dfd3cf43e073b65",
"text": "There are different ways of credit card purchase authorizations. if some choose less secure method it's their problem. Merchants are charged back if a stolen card is used.",
"title": ""
},
{
"docid": "59c250a05c383c5e3f9f3bceaaa60434",
... | fiqa |
bd96b1e039cc5af85e2cd29dc53ffda3 | Value investing | [
{
"docid": "547c5288c6257859afa48a19b2a24f88",
"text": "\"As an aside, why does it seem to be difficult to get a conclusive answer to this question? I'm going to start by trying to answer this question and I think the answer here will help answer the other questions. Here is a incomplete list of the challe... | [
{
"docid": "70591461ef9fce7e7b32b7b259bf14f6",
"text": "The quant aspect '''''. This is the kind of math I was wondering if it existed, but now it sounds like it is much more complex in reality then optimizing by evaluating different cost of capital. Thank you for sharing",
"title": ""
},
{
"do... | fiqa |
60a2a290bcdeabfdebcef534f3c27dff | Can you deduct hobby expenses up to hobby income in Canada? | [
{
"docid": "ba1ad496da75fa89e0e779d75eb78141",
"text": "\"Yes, your business needs to be in the business of making money in order for you to deduct the expenses associated with it. I suppose in theory this could mean that if you take in $10,000 and spend $30,000 every year, you not only don't get a net dedu... | [
{
"docid": "be257fcb0ae0253e58681c0f96f3d63a",
"text": "\"The answer is \"\"Yes\"\", You can deduct them. As long as you showed that you put in effort to make a profit then you can deduct business expenses.\"",
"title": ""
},
{
"docid": "257116992df00710237576f5bac1cec2",
"text": "In the US ... | fiqa |
e654c6e0410d1ace3a1140d4a6493bd9 | Can I locate the name of an account holder by the account number and sort code? (U.K.) | [
{
"docid": "1106f53035aa74ff20d51f8c9d233ccc",
"text": "\"No, the best you can do is (probably) determine the bank, from the sort code. using an online checker such as this one from the UK payments industry trade association. Revealing the name of an account holder is something the bank would typically requ... | [
{
"docid": "8e67b6911d14a79d53b0b47b4fdd2ac1",
"text": "\"Accounts track value: at any given time, a given account will have a given value. The type of account indicates what the value represents. Roughly: On a balance sheet (a listing of accounts and their values at a given point in time), there is typical... | fiqa |
c0b51b86e94e35b93eae075b41c33d4d | Simple income and expense report in gnucash | [
{
"docid": "e2556cddd3a3db377c1f4eef65198dbc",
"text": "\"The official guide can be found here, but that can be a little in depth as well. To make good use of you need at least a little knowledge of double-entry bookkeeping. Double-entry bookkeeping, in accounting, is a system of bookkeeping so named bec... | [
{
"docid": "b274dcbeca8aaf4a0d475b7e2101809b",
"text": "Mint has worked fairly well for tracking budgets and expenses, but I use GnuCash to plug in the holes. It offers MSFT$ like registers; the ability to track cash expenses, assets, and liabilities; and the option to track individual investment transactio... | fiqa |
2b2776b95bbe0f68b9371085344c9b43 | How to declare foreign gift of nearly $10,000 | [
{
"docid": "b06c4c5629a4c4f0af1e5c054ff97484",
"text": "Actually banks aren't required to (and don't) report on 8300 because they already report $10k+ cash transactions to FinCEN as a Currency Transaction Report (CTR), which is substantively similar; see the first item under Exceptions in the second column ... | [
{
"docid": "970bf827c2ba21f4e4be22f0c766713e",
"text": "As the college education is very costly, I want to send USD 25,000 to him as a gift. What is the procedure and what Indian and American tax laws are involved ? This transaction will be treated as gift. As per Indian law you can transfer unlimited amoun... | fiqa |
dc1dc25883dd2bb3a7dcce38e94c1d34 | Capital gains and flow through tax treatment | [
{
"docid": "028a096c096a0e3346de1aa2bda02571",
"text": "For some reason this can result in either the flow through income being UNTAXED or the flow through income being taxed as a capital gains. Either way this allows a lower tax rate for LLC profits. I'm not sure that correct. I know it has something... | [
{
"docid": "bfbce967b0ac112361a262d4f6d7aa3d",
"text": "\"You uncle is liable to pay \"\"Capital-Gains\"\" tax. Essentially the sale price less of cost would be treated as gains. The gains are taxed at 10% without indexation and 20% with Indexation. The capital gains tax can be avoided if your uncle invest... | fiqa |
463e22ab662e633c7ded29055311a5fa | Owned house for less than 2 years - 1031 exchange? | [
{
"docid": "faa34371d5e2536da37e935804852217",
"text": "Yes, your realtor is a moron. (I am a realtor, and sorry you have such a bad one) Every industry has its good and bad. You really should find a new realtor, a good one. You know the 1031 exchange is for rental property only. And that saving $2000 isn'... | [
{
"docid": "10e458738a27e9fc183cb73f5ba96c9f",
"text": "\"Disclaimer: I am neither a lawyer nor a tax-expert This page on the HMRC site lists several pages that appear to be relevant, starting with CG78401 - Foreign currency: delayed remittances and on to CG78408 - Foreign currency: example which seems pert... | fiqa |
143674e8b4404040260e74b4a68e3fa1 | Online Return Policies | [
{
"docid": "74ded6dd78fe60fbf4c8d1202d6086bd",
"text": "If you paid by credit card, file a dispute with the credit card company. They will credit you the money immediately while they investigate. The burden of proof will then be on the merchant. Keep your documents handy in case you need them: USPS receipt,... | [
{
"docid": "eb9b830ba43c5a42c6f41b9e1714634b",
"text": "PayPal will be contacting you shortly, I'm sure. You'll see the reversal on their site in a few days as well as a fee from their end I bet.",
"title": ""
},
{
"docid": "236b97e9e5dd8a6f097d409ca9308076",
"text": "What happens would dep... | fiqa |
562a8138443d05f8cf5a2249ad752e3e | Determining the minimum dividend that should be paid from my S corporation | [
{
"docid": "da9ecf6147e0082b20047381cdb41141",
"text": "\"There are no dividends from S-Corp. There are distributions. Big difference. S-Corps fill form 1120S and schedule K-1 per shareholder. In the schedule all the income of your S-Corp will be assigned to various categories that you will later copy to yo... | [
{
"docid": "e86ce0a96fa86c9a6148bec403e66783",
"text": "\"The $100,000 is taxed separately as \"\"ordinary income\"\". The $350,000 is taxed at long-term capital gains of 15%. Capital gains is not taxed at 20% until $415,050. Even though $100,000 + 350,000 = $450,000, only $350,000 can be taxed at capital g... | fiqa |
235d3c88c9766c3a1628beae105eb0f5 | Self-employment alongside full-time job | [
{
"docid": "8dbe42ade6202d1a33c8ad6ad410dcf4",
"text": "What you need to do is register as a sole trader. This will automatically register you for self assessment so you don't have to do that separately. For a simple business like you describe that's it. Completing your self assessment will take care of al... | [
{
"docid": "3829f2bd93fbc08fcf8d58ebe3c01c34",
"text": "\"ITR1 or ITR2 needs to be filed. Declare the income through freelancing in the section \"\"income from other sources\"\"\"",
"title": ""
},
{
"docid": "85f1ee03b67a2df86e96dbcec51a9f21",
"text": "\"Assuming you are paying into and elig... | fiqa |
049c0255dabe88f40a77fadd688989c4 | Mortgage or not? | [
{
"docid": "1b410374cf170e730ad6a327bc8d22c8",
"text": "\"I often say \"\"don't let the tax tail wag the investing dog.\"\" I need to change that phrase a bit to \"\"don't let the tax tail wag the mortgage dog.\"\" Getting a tax deduction on a 4% mortgage basically results (assuming you already itemize) in ... | [
{
"docid": "b74742b32b99f9bd32cd60cc84d3206f",
"text": "\"Often the counter-party has obligations with respect to timelines as well -- if your buying a house, the seller probably is too, and may have a time-sensitive obligation to close on the deal. I'm that scenario, carrying the second mortgage may be eno... | fiqa |
bc999a11c067cb4c6d1c7af36528fcef | The equivalent of the standing order in the internet age for the UK specifically | [
{
"docid": "2873bd1c450f7ea7bacb0cf4f7616263",
"text": "A standing order is still the right way to do this. Most bank accounts have online access and will let your customer setup the standing order online, without having to fill in a paper form.",
"title": ""
}
] | [
{
"docid": "6e1a49099026facd9c7a976bb9804035",
"text": "I searched for FTSE 100 fund on Yahoo Finance and found POW FTSE RAF UK 100 (PSRU.L), among many others. Google Finance is another possible source that immediately comes to mind.",
"title": ""
},
{
"docid": "81a0892a695ba40344a68db23cb8c3a... | fiqa |
a67a1094601739e58e98d7eb8d3468ab | Should I have more than one brokerage account? | [
{
"docid": "e98ac9982dbaa4a37fb7a191aa02b90a",
"text": "\"I believe the answer here is no: SIPC protection of customers with multiple accounts is determined by \"\"separate capacity.\"\" Each separate capacity is protected up to $500,000 for securities and cash (including a $250,000 limit for cash only). Ac... | [
{
"docid": "77d149c0576756ae84bb1c642dfd213d",
"text": "Hey I used to do this for a job. having two separate policies is a bad idea. If you decide you need more life insurance just increase the one you currently have. There are usually discounts for having higher levels of cover. Not only that but ... | fiqa |
3da562149340a56d693bce90b5c9160a | ISA trading account options for US citizens living in the UK | [
{
"docid": "c09e0ca4cba8ddc88883306ee7d79eac",
"text": "\"This sounds like a FATCA issue. I will attempt to explain, but please confirm with your own research, as I am not a FATCA expert. If a foreign institution has made a policy decision not to accept US customers because of the Foreign Financial Institu... | [
{
"docid": "b61508d8f8e827dbf949055ad91010b6",
"text": "\"Ultimately you are as stuck as all other investors with low returns which get taxed. However there are a few possible mitigations. You can put up to 15k p.a. into a \"\"normal\"\" ISA (either cash or stocks & shares, or a combination) if your target ... | fiqa |
0326a1dc0b23325a7680f4fe165bd6cc | Cosigning - cosigner won't pay and won't give any information or transfer asset | [
{
"docid": "3eec08f53ddb437a4e142b74fbd3492f",
"text": "Is your name on the title at all? You may have (slightly) more leverage in that case, but co-signing any loans is not a good idea, even for a friend or relative. As this article notes: Generally, co-signing refers to financing, not ownership. If the ... | [
{
"docid": "325b3734841f36f5f68aa1ba1902f580",
"text": "I know this question has a lot of answers already, but I feel the answers are phrased either strongly against, or mildly for, co-signing. What it amounts down to is that this is a personal choice. You cannot receive reliable information as to whether o... | fiqa |
2fa5e4714d9044241b9cf81a285d0e9b | Calculating Pre-Money Valuation for Startup | [
{
"docid": "6df12d93516abeff8fd5bd05200b87b4",
"text": "\"Since you have no sales, I'd likely question how well could you determine the value of the company's assets in a reasonable fashion. You may be better to estimate sales and discount that back to a current valuation. For example, insurance companies c... | [
{
"docid": "dc61bab52d0f73aaebd7179bee102155",
"text": "You will probably never see it. The startup at some point may start issuing dividends to the shareholders (which would be the owners, including you if you are in fact getting equity), but that day may never come. If they hire others with this method,... | fiqa |
68fa98a23b82a9674d311124a3b6296e | How do I keep an S-Corporation open when it has no revenues | [
{
"docid": "a796f978c46d7d3f1d734ad37fd0d6cc",
"text": "If you have no net income or loss, you can usually get away without filing a tax return. In Illinois, the standard is: Filing Requirements You must file Form IL-1120 if you are a corporation that has net income or loss as defined under the IITA; o... | [
{
"docid": "f666630aaa5280a13557a8aeb4135237",
"text": "Since you are looking at preserving the principal, I would recommend laddered CDs and short term treasuries (TIPs/iBonds)",
"title": ""
},
{
"docid": "55cab6c8c047f51ea5f0380b2fb3c27b",
"text": "\"Watch out for PO financing. A lot of th... | fiqa |
46c31298a9583bc9ce82ea5b47a551fd | UK Resident exploring freelance work for a Swiss Company | [
{
"docid": "8faf102c4cceb0254f9731411e2413c0",
"text": "If the firm treats you as an employee then they are treated as having a place of business in the UK and therefore are obliged to operate PAYE on your behalf - this rule has applied to EU States since 2010 and the non-EU EEA members, including Switzerla... | [
{
"docid": "6af2d7c818f1572b426e4c57f8e217fe",
"text": "\"11 / 111 / 11111 looks like the (old) tax number: it is used by the tax office to know who you are, it isn't good at all for the spanish company. It would even change when you move inside Germany. VAT IDs are not exclusive to GmbHs (but a GmbH alway... | fiqa |
954dd600b10659446a047b02b1a86cb8 | 100% Ownership and 30% profit to sale director | [
{
"docid": "cda11e35b80b973c71db4cee3b0ca0eb",
"text": "Perhaps an example will help make it more clear. Any given year: Revenue: 200K, profit 60K You get 40K in profit, plus any salary, he gets 20K Next year you attract the attention of a competitor and they offer and you accept to sell. You would get 1... | [
{
"docid": "6cf789155692e1686257b5c57e274203",
"text": "It depends. If the investor bought newly-issued shares or treasury shares, the company gets the money. If the investor bought shares already held by the owner, the owner gets the money. A 100% owner can decide how to structure the sale. Yet, the invest... | fiqa |
543876051980365dc2903ef80ebb63b9 | Be a partner, CTO or just a freelancer? | [
{
"docid": "9cdaa61a2421adce6c2d2297ddbb8541",
"text": "\"I write software myself and was involved in a couple of start ups. One failed, another was wildly successful, but I did not receive much in compensation. The former I received stock, but since it failed, it was worthless anyway. There should be com... | [
{
"docid": "a27d47d6874f98fefe7e802e6ffcff4d",
"text": "Very good point. However, I would say stability. Say I could just continue doing this one the side of my regular job, couldn't I do both? Edit: I don't know why I keep getting down voted... I'm literally just asking valid questions.",
"title": ""... | fiqa |
ac813e8564591e0a689c1f129e67fee2 | How effective are hotel condos for investment properties? | [
{
"docid": "d0255b03e9b26ac7886bc7db1ca7075a",
"text": "\"I agree with Joe Taxpayer that a lot of details are missing to really evaluate it as an investment... for context, I own a few investment properties including a 'small' 10+ unit apartment complex. My answer might be more than you really want/need, (... | [
{
"docid": "a0a18cc899a00d5fae3a6011f519d2c1",
"text": "\"A REIT is a real estate investment trust. It is a company that derives most of its gross income from and holds most of its assets in real estate investments, which, in this case, include either real property, mortgages, or both. They provide a way f... | fiqa |
cf05d3d94c931a8436a317a39ac6afda | Passing money through a different account to avoid cash pay-in fees | [
{
"docid": "969778faec1250232e0b31c8475c279d",
"text": "\"Let me do the math. .6% * (not large) = really tiny. Since \"\"not large\"\" = \"\"small\"\" , etc. I suggest that even a small chance that you need to explain this to anyone in the future is a sign to avoid the risk. Yes, there are times that it's ... | [
{
"docid": "3c9b27a19b0086ba941085e3b3ad0c19",
"text": "\"A couple of thoughts and experiences (Germany/Italy): First of all, I recommend talking to the Belgian bank (and possibly to a Dutch bank of your choice). I have similar conditions for my German bank accounts. But even though they talk about it as sa... | fiqa |
481a406fcf33751d0ec1f9c7401035ea | Pay off debt with RRSPs, or refinance and roll into Mortgage? | [
{
"docid": "fefb086a115dbe34d379a43b0cf32c8a",
"text": "I would personally look at consolidating your debt at a lower interest rate by refinancing your mortgage. I would leave any retirement funds alone unless it was absolutely necessary to touch it with no other avenues available. However, once you have co... | [
{
"docid": "64bf683b2cb764773bfa0664236dc782",
"text": "Others have suggested paying off the student loan, mostly for the satisfaction of one less payment, but I suggest you do the math on how much interest you would save by paying early on each of the loans: When you do the calculations I think you'll see ... | fiqa |
3bce6e2c511d49609f57014e69899d14 | How to send money across borders physically and inexpensively, but not via cash? | [
{
"docid": "c9d6be6f0e86bffd710cc7970c6d52dc",
"text": "Traveller's cheques. That's exactly what they were intended for. Their usage has dropped a lot since everyone can use ATMs in foreign countries, but they still exist.",
"title": ""
},
{
"docid": "0c2dfe34ea55af11139b3dade5f2cb38",
"text... | [
{
"docid": "7b0abf889b5f4d92b0380f441a712a5d",
"text": "A USD bank draft from any of the major Canadian banks is a good solution. They clear quickly in the U.S. I use them frequently and have never had a problem depositing them in a U.S. bank account. If you carry more than $10k across the border, even as ... | fiqa |
53088fda19c493e2e3a53a6c45fa6933 | What suggested supplemental income opportunities exist for a 70 year old Canadian retiree? | [
{
"docid": "e626f26d8a0d3f690edcd3bf498c8139",
"text": "My initial thoughts would be an ESL teacher or a private tutor for various subjects would likely be the easiest ones to consider. Possibly there are some people that could use the help in their education that would work well.",
"title": ""
}
] | [
{
"docid": "72444a1e64993e7ab98a68200e75d954",
"text": "Your total salary deferral cannot exceed $18K (as of 2016). You can split it between your different jobs as you want, to maximize the matching. You can contribute non-elective contribution on top of that, which means that your self-proprietorship will... | fiqa |
314e52feda4307185bd480a2050370c8 | How to save money for future expenses | [
{
"docid": "c2c08bc875b91c7ae9d48feef6e07b0e",
"text": "First, talk to your husband about this. You really need to persuade him that you need to be saving, and get him to agree on how and how much. Second, if you husband is not good at saving, work on getting something set aside automatically - ideally dedu... | [
{
"docid": "94ea24f9daf0be1aa8cc556f394a7c9f",
"text": "\"Don't mind the percentages. They are highly misleading. First, \"\"saving\"\" is making available for future use. It might be \"\"hoarding\"\", \"\"investing\"\" or a combination thereof. It might be for a specific use (a car, a college education, re... | fiqa |
4ffa5ab7a898ab7e5fdbf786f6da9a64 | What's the appropriate way to signify an S-Corp? | [
{
"docid": "789c6ee5519a98310ca80232d15d7573",
"text": "\"S-Corp is a corporation. I.e.: you add a \"\"Inc.\"\" or \"\"Corp.\"\" to the name or something of that kind. \"\"S\"\" denotes a specific tax treatment which may change during the lifetime of the corporation. It doesn't refer to a legal status.\"",
... | [
{
"docid": "686ecacb36c2729a0beeb11c5f64af68",
"text": "\"I really wish they'd change the title to \"\"corporations\"\". Companies aren't the only thing that can be corporations and avoid jail. Other organizations that operate as partnerships or sole proprietors in effect operate as people that can be arr... | fiqa |
19c3a42952bd4e0d709b70c036b3b115 | Calculating NPV for future cash inflows | [
{
"docid": "37b6ad0518ebc7f4b83f9bd343b4f4fd",
"text": "When calculating the NPV, is there anything I need to do in between the project start date outlay (Nov 2017), and the first cash inflow (July 2019). Do I need to discount the cashflow to the present, and if so, how? Yes, you need to discount every cash... | [
{
"docid": "d9ce05ddb40dc946e759da0253008cb9",
"text": "The short answer is you'd be much better off paying up front in this case. The present value of $2,500 plus 12 $500 monthly payments is $8,128 at a 12% discount rate, which is much higher then the $6,000 you could pay now. The long answer is how you g... | fiqa |
09c55ceb3e3155bf91987625da123c0a | Foreign currency conversion for international visitors to ecommerce web site? | [
{
"docid": "bd7f2b503ced211bf1dc76b6d304183f",
"text": "Central banks don't generally post exchange rates with other currencies, as they are not determined by central banks but by the currency markets. You need a source for live exchange rate data (for example www.xe.com), and you need to calculate the pric... | [
{
"docid": "ff8c228fa00407ba410e26d425901054",
"text": "\"For the purposes of report generation, I would recommend that you present the data in the currency of the user's home country. You could present another indicator, if needed, to indicate that a specific transaction was denominated in a foreign curren... | fiqa |
6040051dfba5128a8d0448de85922814 | Equity or alternative compensation in an LLC? | [
{
"docid": "28a548b853776d6e465185cd77a0edb2",
"text": "I'm not sure 1099-MISC is what you should expect. Equity means ownership, and in LLC context it means membership. As an LLC member, you'll get distributions and should receive a K-1 form for tax treatment, not 1099 or W2. If the CEO is talking about 10... | [
{
"docid": "3d718680b0cd151f64d4cb4d777842e0",
"text": "\"Oh, I understand now -- we're having an absurd, meaningless conversation about an obscure theoretical point. When you can tell me how you can determine a \"\"minimum cash\"\" level from a public company's filings, we can continue the discussion. Ot... | fiqa |
7f095b1e4c99adabd4a0973868d7ac77 | Why don't banks allow more control over credit/debit card charges? | [
{
"docid": "6264d91249767240ea3928379994b2a4",
"text": "quid has expressed some of the disadvantages with this approach, but there is another. Vendors will not want to give you any goods you buy with your credit card until they are sure they will get the money. With your suggested approach buying something ... | [
{
"docid": "1f67be3922fa6cb655e9dcc1c0f97932",
"text": "\"The problem is \"\"what would have been\"\" without regulations. A good cause and effect is the Durbin amendment to DFA - they randomly regulated interchange debit card transactions (win for Walmart, loss for banks) so it no longer makes sense to o... | fiqa |
3a5ec322dab34daa1742b42efa81b91a | Schedule C: where to deduct service fees on income? | [
{
"docid": "2dd158484be3298885447d00cdb0af66",
"text": "\"Putting them on line 10 is best suited for your situation. According to Quickbooks: Commissions and Fees (Line 10) Commissions/fees paid to nonemployees to generate revenue (e.g. agent fees). It seems like this website you are using falls under th... | [
{
"docid": "5581a60e50161d4d3ba607cddf4e983e",
"text": "Tax regulations vary from country to country - some permitting more deductions, some less - but here are a few guidelines. As regards the home-office: As regards the deductions: Think of it like this: in order to have space for a home-office you needed... | fiqa |
dc3b205b9cd33e1eeef1671092918f37 | Primary residence converted to a rental property & tax implications | [
{
"docid": "2f433e95de68c23d93cf4fae5295ecc2",
"text": "You will need to look at the 27.5 year depreciation table from the IRS. It tells you how you will be able to write off the first year. It depends on which month you had the unit ready to rent. Note that that it might be a different month from when you ... | [
{
"docid": "01c6706b742d0639d685a8d39313b62e",
"text": "According to the tax reform framework, changes to the current tax code would eliminate important provisions, such as the state and local tax deduction, while nearly doubling the standard deduction and eliminating personal and dependency exemptions. NAR... | fiqa |
81d077cf42f8639e1d76f917fdb77080 | What standards should I expect of my CPA when an error was made? | [
{
"docid": "d5a7e6714172567de547d1bb7a74903d",
"text": "\"What is the right way to handle this? Did you check the forms? Did the form state $0 tax due on the FTB LLC/Corp form (I'm guessing you operate as LLC/Corp, since you're dealing with the Franchise Tax)? The responsibility is ultimately yours. You sho... | [
{
"docid": "5f76893321e950109c4e9f146204b9ba",
"text": "\"Following up on this, here is what I did. First, I called my benefits provider. They had documentation of my election over the phone, which then allowed them to retroactively fix the problem. Had they not had this documentation, I would have been ou... | fiqa |
2081105ca1d5e84ec5686f9425cfe317 | Would it make sense to buy a rental property as an LLC and not in my own name? | [
{
"docid": "70edc1fac438a42eff7c8d79af5963bf",
"text": "As far as the spam mail goes, I own a rental (in Connecticut) and live in Massachusetts, I get very little mail related to this property. I view this as a non-compelling reason. Your other reasons pick up quick in value. The protection from the rest o... | [
{
"docid": "1e33a2ea1151bf86ea9a137d83f33a1d",
"text": "\"One thing I would add to TTT's answer: One of the benefits of using an LLC for your business is right there in the name - \"\"limited liability\"\". It provides a level of protection for your personal assets should your business go bankrupt, get sued... | fiqa |
e4ce9dd832eb95fceac157cbc9b511ed | How to invest a small guaranteed monthly income? | [
{
"docid": "c79894c7fa372a0fc8b279eaf727db50",
"text": "\"In my opinion, you can't save too much for retirement. An extra $3120/yr invested at 8% for 30 years would give you $353K more at retirement. If your \"\"good amount in my 401k\"\" is a hint that you don't want us to go in that direction, then how a... | [
{
"docid": "f6dec2b363e24bdd007f21f55cd16a61",
"text": "The simplest way is just to compute how much money you'd have to have invested elsewhere to provide a comparable return. For example, if you assume a safe interest rate of 2.3% per year, you would need to have about $520,000 to get $1,000/month.",
... | fiqa |
7f91019b65c0e96b08a639ee7f92843a | Scammer wants details and credentials for my empty & unused bank account. What could go wrong? | [
{
"docid": "81f83347d821102d5035f7095584ee80",
"text": "\"It's a scam. Here are the many signs: The bank will never ask for your password. They can access your account without it. The bank will never use a customer's account for their own business. They have their own accounts. \"\"Some guy\"\" is not a ... | [
{
"docid": "56a97c40c97da11fcdc1e59da7c53531",
"text": "I'd imagine it is the same for an adult. The money probably gets withdrawn and that's it. However, if the scammer were to go to a branch in person, I'd imagine there would need to be some sort of photo identification to withdraw money. If it were onli... | fiqa |
e2e38d91af0357477f6f63703c681c4c | What risks are there acting as a broker between PayPal and electronic bank transfers? | [
{
"docid": "944f3a35fe9aee89e71d1f28ddc67cd3",
"text": "This sounds like a scam. Did they email you out of the blue to offer you this 'job', by any chance, and you'd never heard of them before? That's an incredibly large red flag in and of itself. While I don't know quite what the scam is likely to be, here... | [
{
"docid": "7216604d3f8715b51196cd358b2b6426",
"text": "\"JoeTaxpayer's answer adequately explained leverage and some of your risks. Your risks also include: The firm's risk is that you will figure out a way to leave them with a negative account that contributes to another customer's profit and yet you di... | 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 |
52052958fbad7566ee7853d334a54ff7 | Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | [
{
"docid": "288d276228f14c790a00ed38f2cbcab0",
"text": "Go to the police. This is fraud and is illegal. Sure, this will hurt your friend but better now then when he starts abusing of his position to fraud even more people... Original comment by Bakuriu sorry for not giving credit",
"title": ""
},
{
... | [
{
"docid": "74a47b8b12f7afd06fd333b7b5426df5",
"text": "The thing that gets so many people is that multilevel marketing isn't inherently a scam. It has all of the potential that they try to sell you on. It just so happens that every friend you have doesn't have an infinite supply of friend networks complete... | fiqa |
b4d8dba5123eef99eda457ffb74221ab | Can I default on my private student loans if I was an international student? | [
{
"docid": "7554414804749280c33547386889a22d",
"text": "What are the consequences if I ignore the emails? If you ignore the emails they will try harder to collect the money from you until they give up. Unlike what some other people here say, defaulting on a loan is NOT a crime and is NOT the same as stealin... | [
{
"docid": "512d7c4e1f8831007a9b824440f78073",
"text": "Only if (or to put it even more bluntly, when) they default. If your friend / brother / daughter / whoever needs a cosigner on a loan, it means that people whose job it is to figure out whether or not that loan is a good idea have decided that it isn't... | 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 |
ae90867939d6ad1055904acb2e091d36 | How do cashier's checks work and why are they good for scams? | [
{
"docid": "487a944a5e3950f79268a23928131b38",
"text": "\"There are two different issues at play here, and they are completely separate from each other: A bank or cashier's check is \"\"safer\"\" than a regular personal or business check because it avoids problem #1. Problem #2 exists with all kinds of pape... | [
{
"docid": "da786484da35c61111564223a3e58038",
"text": "Because large stores do not pay their cashiers enough that the companies can dock the employees' pay if they allow a bad credit card to go through. So most cashiers at large stores won't take the extra effort to check the card properly. As a result, ... | fiqa |
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