anchor stringlengths 112 256 | positive stringlengths 0 13.1k |
|---|---|
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What can I do with “stale” checks? Can I deposit/cash them? | Find smaller payments he can make. Maybe a % of each client he takes payment from. Consult with a lawyer or google buisness contract elements and find fill them out and see what he can do. If the checks are no good bouncing them isn't going to help anything. Nor is getting a judgment from a small claims court. He can ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How can I save LLC fees when investing in Arizona real estate from California | You won't be able to avoid the $800 fee. CA FTB has a very specific example, which is identical to your situation (except that they use NV instead of AZ), to show that the LLC has liability in California. State of formation is of no matter, you'll just be liable for fees in that state in addition to the CA fees. This i... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Taxes and withholding on unpaid salary | As others have said, make sure you can and do file your taxes on a cash basis (not accrual). It sounds like it's very unlikely the company is going to issue you a 1099 for invoices they never paid you. So you just file last year's taxes based on your income, which is the money you actually received. If they do pay you ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
If I had no income due to a net operating loss, will I be refunded the Social Security and Medicare taxes withheld? | "If you have a CPA working for you already - this is a question you should be asking that CPA. Generally, NOL only affects the tax stemming from the Internal Revenue Code (Title 26 Subtitle A of the US Code). Social Security and Medicare, while based on income, are not ""income tax"", these are different taxes stemming... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Received mysterious K-1 form, seeking answers | "You should contact the company and the broker about the ownership. Do you remember ever selling your position? When you look back at your tax returns/1099-B forms - can you identify the sale? It should have been reported to you, and you should have reported it to the IRS. If not - then you're probably still the owner.... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Received mysterious K-1 form, seeking answers | SXL is a Master Limited Partnership so all of the income is pass-through. Your equity purchase entitles you to a fraction of the 66% of the company that is not owned by Energy Transfer Partners. You should have been receiving the K-1s from SXL from the time that you bought the shares. Without knowing your specific ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Magazine subscription leads to unauthorized recurring payment | "In 2010, the Restore Online Shoppers' Confidence Act was passed, which prohibited certain activities, most of which had to do with online sites sharing your CC info with third parties. However, the final part of the act deals with ""negative option"" marketing, which is basically what you're describing - ""We will ch... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Magazine subscription leads to unauthorized recurring payment | "You have a subscription that costs $25 They have the capabilities to get that $25 from the card on file if you had stopped paying for it, you re-upping the cost of the subscription was more of a courtesy. They would have considered pulling the $25 themselves or it may have gone to collections (or they could courteousl... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Should rented software be included on my LLC's balance sheet? | I was only able to find Maryland form 1 to fit your question, so I'll assume you're referring to this form. Note the requirement: Generally all tangible personal property owned, leased, consigned or used by the business and located within the State of Maryland on January 1, 201 must be reported. Software license (w... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to allocate profit and loss in partnership where one partner's activities are profitable and the other's aren't? | You should have a partnership agreement of some sort. The reason partnership agreements exist is so nobody can change the game because of the outcome. I'd say the most typical partnership agreement is that everyone gets an equal cut, meaning that everyone also makes an equal contribution. If you have start up expen... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Pattern Day Trade Rule | I would suggest following your quote and having a read of the web page supplied, that buys then sells or sells short then buys (the same security on the same day) four or more times in five business days, ... So it is a two way transaction that counts as 'one'. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Deducting Hobby Expenses on my Federal Income Taxes? | I suggest to start charging slightly more than needed to cover expenses. All you need is to show profit. It doesn't have to be significant - a couple of hundred of dollars of consistent yearly profit should suffice to show a profitable business. Then you can deduct on Schedule C all the related expenses. The caveat is ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Deducting Hobby Expenses on my Federal Income Taxes? | Does your wife perform solo or in association with other actor/actresses and other volunteers? The latter arrangement sounds more like an unincorporated association or a partnership, which might be a bit freer to match the revenue and expenses. By grinding through the proper procedures, it might be possible to get off... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to invest a small guaranteed monthly income? | "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 about saving for the child's college education? 15 years' savings, again a... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Dealing with Form 1099 | Am I required to send form 1099 to non-US citizens who are not even residing in the US? Since they're not required to file US taxes, do I still have to send the form to them? That's tricky. You need to get W8/W9 from them, and act accordingly. You may need to withhold 30% (or different percentage, depending on tax trea... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Scammer wants details and credentials for my empty & unused bank account. What could go wrong? | "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 bank employee. Bank employees are people that you meet at the bank. Bank... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Scammer wants details and credentials for my empty & unused bank account. What could go wrong? | First off, do not ever tell someone your password. Nobody who actually works for the bank would need your password to access the account. Also, it may or may not be a scam (it almost assuredly is), but it is not a good idea to let someone use your bank account in your name. What if they use your account to launder mone... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why is mortgage interest deductible in the USA for a house you live in? | "Taxes are a tool for achieving social policy goals. While Americans consider ""Socialism"" to be a curse, the US is in fact quite socialistic. Mostly towards corporations, but sometimes even the normal people, not only the ""Corporation are people, my friend"" (M. Romney) get some discounts. The tax deduction on mortg... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why is mortgage interest deductible in the USA for a house you live in? | Well quite a few countires have tax breaks on the first house you own ... this is typically to promote people to have atleast one house of their own ... having a house of your own provides lot more stability in the long run ... and without tax breaks it makes it difficult for quite a few to own a house ... the tax brea... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why is mortgage interest deductible in the USA for a house you live in? | It's a scam pushed through to benefit the banking system. Tax payments become income for the banks. Any alleged benefits for property holders are ultimately reduced by increased property prices, capital gains tax and estate taxes |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Chase bank not breaking large bills for non-account holders | 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 do business with anyone that walks in', neither 'having to break bi... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Chase bank not breaking large bills for non-account holders | First, they don't have an obligation to provide a service for a non-customer. In theory, the could even refuse this service to account holders if that was their business model, although in practice that would almost surely be too large of a turn-off to be commercially feasible. Non-account holders aren't paying fees ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Investment strategy for a 20 year old with about 30k in bank account | Thank you for your service. My first suggestion since your car is a planned for the near future is keep that amount in savings and just pay cash. There are plenty of attractive offers to entice you to finance your vehicle but there really is no compelling reason to do it considering the savings you have. Second I wou... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Investment strategy for a 20 year old with about 30k in bank account | "If you have already maxed your TSP contributions, the ""401k"" for military folks, you could consider a Traditional IRA contribution. They are tax-deductible, based on some limits, so it may reduce your tax liability. Many online services (Vanguard, Fidelity, etc.) offer quick and free setup of Traditional IRA account... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Investment strategy for a 20 year old with about 30k in bank account | "You don't state a long term goal for your finances in your message, but I'm going to assume you want to retire early, and retire well. :-) any other ideas I'm missing out on? A fairly common way to reach financial independence is to build one or more passive income streams. The money returned by stock investing (capi... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Investment strategy for a 20 year old with about 30k in bank account | Thanks for your service. I would avoid personal investment opportunities at this point. Reason being that you can't personally oversee them if you are deployed overseas. This would rule out rentals and small businesses. Revisit those possibilities if you get married or leave the service. If you have a definite t... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
If you buy something and sell it later on the same day, how do you calculate 'investment'? | Your initial investment in this case is $9 on the first morning. Every other morning you are using part of your profits to buy the new piece of jewelry, so you are actually not investing any new funds. So each day you are effectively keeping $1 of your profits and re_re-investing $9. But your initial investment of your... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
If you buy something and sell it later on the same day, how do you calculate 'investment'? | Not sure if your question is on topic, but the investment is only $9 because that is maximum amount of money the merchant ever needed to start up the business. He put in $9, started turning a profit, and never looked back. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
If you buy something and sell it later on the same day, how do you calculate 'investment'? | "Nothing wrong with the other answers, but here's a ""trick"" to hopefully make it totally transparent. Imagine that you're not the one implementing this business plan, but someone else is. Let's call this other person your asset manager. So on the first day, you give your asset manager $9. He takes this and gener... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
If you buy something and sell it later on the same day, how do you calculate 'investment'? | You're confused because the source you cite leaves out one number that isn't relevant to the argument they're making: total costs. The number you're expecting, $9 x 365 or $3285 is the total cost of buying the jewelry which, when subtracted from the $3650 sales volume gives us the net profit of $365. The investment is... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
If you buy something and sell it later on the same day, how do you calculate 'investment'? | Another way to look at this is if we separate the owner's account from the business's account. At the start of the year, the owner puts $9 into the business account to get the business started. At the end of the first day, the business account has $10, and at the end of the second day, the business account has $11. T... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can my own corporation deduct my expenses even if I am a full time employee? | "No, your business cannot deduct your non-business expenses. You can only deduct from your business income those reasonable expenses you paid in order to earn income for the business. Moreover, for there to be a tax benefit, your business generally has to have income (but I expect there are exceptions; HST input tax c... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can Per Diem deductions include family travel, meals and housing? | You cannot deduct anything. Since you're actually moving, your tax home will move with you. You can only deduct the moving expenses (actual moving - packing, shipping, and hotels while you drive yourself there). |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to start investing for an immigrant? | "For starting with zero knowledge you certainly did a great job on research as you hit on most of the important points with your question. It seems like you have already saved up around six months of expenses in savings so it is a great time to look into investing. The hardest part of your question is actually one of ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to start investing for an immigrant? | I am in a similar situation (sw developer, immigrant waiting for green card, no debt, healthy, not sure if I will stay here forever, only son of aging parents). I am contributing to my 401k to max my employer contribution (which is 3.5%, you should find that out from your HR). I don't have any specific financial goal ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why is tax being paid on my salary multiple times? | Businesses do not pay income tax on money that they pay out as salary to their employees. Businesses generally only pay income tax on profit. Profit is the money that comes in (revenue) minus the business expenses. Payroll to the employees is a deductible business expense. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why is tax being paid on my salary multiple times? | "Your wages are an expense to your employer and are therefore 100% tax deductible in the business income. The company should not be paying tax on that, so your double-tax scenario, as described, isn't really correct. [The phrase ""double taxation"" with respect to US corporations usually comes into play with dividends... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Credit card fee and taxes | Credit card fees on a credit card used for personal expenses are not tax deductible. Credit card fees on a business credit card are deductible on schedule C (or whatever form you're using to report business income and expenses). If you are using the same card for both business and personal ... well, for starters, this ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What corporation tax am I required to pay as an independent contractor? | "The difference between the provincial/territorial low and high corporate income tax rates is clear if you read through the page you linked: Lower rate The lower rate applies to the income eligible for the federal small business deduction. One component of the small business deduction is the business limit. Some pr... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Tax implications of corporate housing | If the employer provides housing to the employee, the employer has to identify whether it is taxable or not. If it is - the amounts would be added to the taxable income on your W2. All the withholding and FICA tax calculations will be performed based on that taxable income. If the employer fails to do that, and you get... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What risks are there acting as a broker between PayPal and electronic bank transfers? | 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's how I would suggest it might work: Other variants are possible - ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What risks are there acting as a broker between PayPal and electronic bank transfers? | There are several red flags here. can they get my bank account info in any way from me transferring money to them? Probably yes. Almost all bank transactions are auditable, and intentionally cause a money track. This track can be followed from both sides. If they can use your bank account as if they were you, that is a... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What risks are there acting as a broker between PayPal and electronic bank transfers? | Another reason to think it's a scam: fake paypal email notifications are a thing. I've seen one that was quite convincing (but it wasn't mine to properly analyse or report), so the intial payment may be a fake from another account belonging to the scammer, and you've just transferred money to the scammer. The fake ema... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What risks are there acting as a broker between PayPal and electronic bank transfers? | This is definitely a scam. I had a friend sign up for a very similar offer and what they did was send a fake check and then asked to transfer the same amount to them. So now you just send them a couple grand and you're holding a fake check. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What risks are there acting as a broker between PayPal and electronic bank transfers? | "This is definitely a scam. My husband was inquiring with a ""company"" that was offering him to be. Representative for them. He got the same job details but the company was called Ceneo. I did due diligence and found that the real Ceneo has no problems receiving money directly from buyers around the world. The fake co... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What risks are there acting as a broker between PayPal and electronic bank transfers? | The sting here is definitely in the tail, the PS that says We are starting to call you from the same day when we get your details. The initial email doesn't ask for details, it asks for commitment. Once committed, you will be more relaxed about providing details. This makes me think that this is more serious than a sim... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What risks are there acting as a broker between PayPal and electronic bank transfers? | "I too received a ""job offer"" from this CENEO outfit but mine was a proof reading position.Supposedly,I was to edit the email they were sending to U.S. customers. They needed proof reading alright,I've never seen such atrocious grammar and syntax.Half the time I could not figure out what these polaks were trying to c... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Setting up general ledger/tax reporting for a Real Estate Rental LLC in GnuCash | No, GnuCash doesn't specifically provide a partner cash basis report/function. However, GnuCash reports are fairly easy to write. If the data was readily available in your accounts it shouldn't be too hard to create a cash basis report. The account setup is so flexible, you might actually be able to create accounts for... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Setting up general ledger/tax reporting for a Real Estate Rental LLC in GnuCash | "You will need to set up accounts in your chart of accounts for each of the partners. These are equity accounts where you can track your contributions, share of the profits and losses, and distributions. You're going to have to go back into the beginning years to get this right. I'm not sure what you mean by a ""Built-... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Get tax deduction for expensive car expense | 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 profit. This includes a portion of your car repairs, a portion of your... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What is the relationship between the earnings of a company and its stock price? | In general over the longer term this is true, as a company whom continuously increases earnings year after year will generally continue to increase its share price year after year. However, many times when a company announces increased earning and profits, the share price can actually go down in the short term. This ca... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What is the relationship between the earnings of a company and its stock price? | I have heard that people say the greater earning means greater intrinsic value of the company. Then, the stock price is largely based on the intrinsic value. So increasing intrinsic value due to increasing earning will lead to increasing stock price. Does this make sense ? Yes though it may be worth dissecting ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What is the relationship between the earnings of a company and its stock price? | You would think that share prices is just a reflection of how well the company is doing but that is not always the case. Sometimes it reflects the investor confidence in the company more than the mere performance. So for instance if some oil company causes some natural disaster by letting one of there oil tankers crash... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Company Payment Card | Most corporate policies strictly prohibit the card's use for personal use, even if the intent is to re-pay in full, on or before the due date. I'm certain it has something to do with limitation of liability, i.e. the monetary risk the company is willing to put itself at, in order to offer a corporate card program. In ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Company Payment Card | From the other point of view (company use) it makes sense to segregate expenses incurred on the company's behalf away from an employee's personal expenses. This way if there were any requirement to prove that certain expenses were for the company's benefit it is not intermingled with an employee's personal expenses. ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
US Foreign-Owned LLC that owes no income tax - Do I have to file anything? | "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 a business organization, you will presumably be taxed for domestic income ""t... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Calculating the cost of waiting longer for money | This looks correct to me, for simple interest. If you are dealing with compound interest, the formula would be: So, A = 500000(1+0.036/365)^(30), or 501,481.57, or an interest of 1481.57, assuming the 3.6% is the annual nominal interest rate and it is compounded daily. Note that you are ignoring the depreciation and al... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Calculating the cost of waiting longer for money | The cost of an extra 30 days is $1459.80 |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | 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 |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | "If this is your friend, and he that convinced he will ""get rich"" from this then there's really nothing you CAN do. You've obviously done your best to explain the situation to him, but he's been caught up in their sales pitch, and that's more convincing to him. I worked in sales for many years, and the answers he gi... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | "I will disagree with some of the other answers here. In my view, the most important dimension of the situation is not your friend's potential loss but the potential losses of the people he may convince by using his position as youth group leader, etc., to draw more them into the scam. Exactly how to handle this depen... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | "Even though this is really a psychology question, I'll try to give you an answer. You do nothing but stay away. What's going on is too small to matter. Bernie Madoff took investor's money and scammed them for $15B. That's B, billion, 9 zeros (Yes, I realize the UK Billion has 12, these are US Billion). Harry Markopol... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | "First, there are MLM businesses that are legitimate and are not Ponzi schemes; I actually work with one (I will not name it lest I give the impression of trying to sell here). One thing I learned was how to respond when a prospect raises objections related to the actual scams, which are abundant; the answer being to p... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | "So here's the sad truth. He might actually be making a return on his investment. Not because it's right or because the system works, but in all these schemes there are a range of people that actually do make money. In addition to that, there is that fact that he ""believes"" that he is doing a good thing, and is unwi... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | I believe the only thing you haven't mentioned to him is the possibility that his activity is criminally fraudulent. I would sit him down, and say something substantially similar to the following: We've talked about your investment before, and I know you believe it's fine. I just want to make sure you understand that ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | The title of your question basically asks: What can I do? And you state this regarding the meeting and “advice” they gave towards criticism of their method: While this they also indoctrinated that you should avoid talking to people talking bad about it (or say it is scam) because you gain no money from them and the... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | As others have stated, it will be very difficult for you to turn your friend around. He has already demonstrated great commitment. What can I do? There may be other people (perhaps mutual friends of you and this man) who are in danger. He may try to get them into this (as he apparently tried to with you). If this was m... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | Chances are high your friend isn't in it for the money, but the community or some vague dream of having a future income-generating side business because he can't get a loan for a 7-11 franchise. I run a few successful online businesses and had an import/export so naturally I run into these guys looking for advice on se... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | The one thing your friend needs to understand is for every dollar paid out, there is somebody paying that dollar in. The mark of a Ponzi scheme is that it feeds on itself. The stock market has trade volumes where it almost meets the definition of a Ponzi scheme. However, it deals with shares in actual production faci... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | If this 'scam' has a name, address and/or phone number, I forward it to the FBI anonymously. That is my advice. You may also wish to consult a lawyer. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | Your friend is investing time & money in a business that does not list an address or phone number on its website, not even in its 'press kit'. Even when they make a press release about moving into a new building, it does not list the address or even the street! C'mon, this is obviously a scam. No real business acts li... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | I don't want to repeat things that have already been said as I agree with most of them. There's just one little thing I'd like to add: If things go the way we're all expecting, this guy will eventually be in desperate need of a friend as he is extremely likely to lose most of his friends sooner or later. Perhaps all yo... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to handle capital gains on a Virginia Individual Income Tax Return | In Virginia the maximum tax rate on income is 5.75% which is the same as the capital gains rate. http://www.tax.virginia.gov/income-tax-calculator |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to invest with a low net worth | "You most definitely can invest such an amount profitably, but it makes it even more important to avoid fees, um, at all costs, because fees tend to have a fixed component that will be much worse for you than for someone investing €200k. So: Edit: The above assumes that you actually want to invest in the long run, for... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to invest with a low net worth | I'm of the opinion that speculating is for young people like you, because they can afford to lose it all. Avoiding losses becomes necessary once you have to sustain a family, and manage a somewhat large retirement funds. Even if you lose all your money when speculating, you'll probably be better off later, because you ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to invest with a low net worth | You might want to consider 'investing' a portion of that money into educating yourself. The payoff might not be as immediately obvious or gratifying but with appropriate determination, in the long term it will generate you a much greater return. If you would like to learn about investing, a great starting point would b... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to invest with a low net worth | I have an opposite view from all the other contributions here. Why not consider starting your own business. With the little money you have the return will most times be much higher than stocks return. The business is yours; you keep the business and the profit streams in the long term. Simply find businesses you can ev... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Income and taxes with subcontracting? | Since you say 1099, I'll assume it's in the US. :) Think of your consulting operation as a small business. Businesses are only taxed on their profits, not their revenues. So you should only be paying tax on the $700 in the example you gave. Note, though, that you need to be sure the IRS thinks you're a small business. ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How can I get a wholesaler ID number? | This is a state by state thing, and I'm cheating because I know you are in New York State: |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How can I get a wholesaler ID number? | Seems like it's more dependent on who you want to be your supplier. The times I've been involved in requesting this, each company had its own application form. They usually need proof of business activity, which gets back to SpecKK's answer. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How can I get a wholesaler ID number? | "Small businesses are often governed by local regulations and state law. In a low liability small quantity arena, you should be able to get away with a DBA (doing business as) arrangement, such as DBA ""Jay's Gem's"". A small business license may come with a state Tax ID and satisfy your supplier, but a Federal EIN can... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Start a Holding Company? | If you are trying to invest in closely held / private companies (things that don't trade on the stock market), you will run into a variety of regulatory problems. For various reasons, most private companies only raise funds with accredited investors. To be an accredited investor you basically have to have $1,000,000 in... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can you depreciate assets differently between Federal, State, and Local? | In general, you most definitely can. In some cases you must. However for each State you'll have to check whether you can choose how to depreciate. Many States require you to take the same depreciation as on the Federal schedule, including Sec. 179, others won't allow Sec. 179 at all. Specifically to PA, I haven't found... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
The best credit card for people who pay their balance off every month | BillShrink.com lets you compare credit cards based on all your specifics (miles vs. cash, where you shop the most, etc) and tells you what the best card is for your specific habits. MOD EDIT Looks like billshrink.com is shut down. From their site: Dear BillShrink customer, As you may have heard, BillShrink.com was sh... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
The best credit card for people who pay their balance off every month | The answer for this question varies from person to person. However most cards give lousy rewards percentage-wise. Take a look at where your money is being spent each month (say with a tool like mint.com), and seek out a card that rewards you in categories where you already spend a lot of money. Many people here have s... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
The best credit card for people who pay their balance off every month | "I'm not going to recommend a specific card. New card offers pop up all the time. My answer would be out of date in a month! As a general rule, if you pay off your balance every month, you should be looking at a cash-back or a rewards card. Cash-back cards will give you some money (say 1%) of every dollar you spend. ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
The best credit card for people who pay their balance off every month | PenFed Platinum Cashback Rewards Visa Card is another good choice. Pros: Cons: |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
The best credit card for people who pay their balance off every month | The answer today is the Fidelity Rewards Amex. This card pays the highest cash back (2%) on ALL purchases. The answer gets more complicated if you like miles, or you want to use one card for groceries and gas and another for restaurants, etc. But the Fidelity Amex gives you 2% on everything you purchase, automaticall... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
The best credit card for people who pay their balance off every month | For people who are already a Costco member. The American Express TrueEarnings Business Card is a good choice. Note: If you don't own a business, just use your name as the business. The business card is better than the regular TrueEarnings card. Pros: |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Personal Asset Protection - How to protect asset against a deficiency judgement? | You should talk to a bankruptcy attorney local to you. While bankruptcy laws are federal, there are a variety of local rules. As an example in CA, I've heard of a trustee going after a debtor's IRA account. Retirement accounts are generally off limits, but not always. Additionally, structuring your assets for the pu... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Personal Asset Protection - How to protect asset against a deficiency judgement? | Find out whether your state has a homestead law or something similar, which might protect your primary residence during bankruptcy. You may have to explicitly register to receive that protection; details differ. Frankly, you'll get better answers to this sort of question from an agency in your area which deals with fol... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How should I handle taxes for Minecraft server donations? | "Technically, this is considered ""income"" for you, and is actually not considered a ""donation"" for your donors, but is instead a ""gift"" (not tax-deductible for your donors). So, you are technically required to report it, and there is a pretty significant audit trail that can be followed to prove you made that mon... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How should I handle taxes for Minecraft server donations? | "Its is considered a ""hobby"" income, and you should be reporting it on the 1040 as taxable income. The expenses (what you pay) are hobby expenses, and you report them on Schedule A (if you itemize). You can only deduct the hobby expenses to the extent of your hobby income, and they're subject to the 2% AGI threshold.... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How should I handle taxes for Minecraft server donations? | "First to clear a few things up. It is definitely not a gift. The people are sending you money only because you are providing them with a service. And for tax purposes, it is not a ""Donation"". It has nothing to do with the fact that you are soliciting the donation, as charitable organizations solicit donations al... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can travel expenses be deducted from Form 1040A if they were used to gather material for a book? | "Hobby expenses are not tax deductible. Business expenses are, but only if it's a bona fide business. First they look at profitability: if you reported a net profit (i.e. paid taxes) in your first 3 years, they will believe you rant on Youtube for a living. Remember, by the time they get around to auditing you, you... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How much taxes do corporations have to pay on dividends they receive from other companies? | "Summary: The corporation pays 33.3% tax on dividends it receives and gets a tax refund at the same rate when it pays dividends out. According to http://www.kpmg.com/Ca/en/IssuesAndInsights/ArticlesPublications/TaxRates/Federal-and-Provincial-Territorial-Tax-Rates-for-Income-Earned-CCPC-2015-Dec-31.pdf the corporate ta... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to select a bank based on availability in two areas? | Asking a bank for which ATM/branch network it belongs to and where those networks are would be your best bet. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can I default on my private student loans if I was an international student? | 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 stealing. There is a large number of reasons that can make someone unable t... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can I default on my private student loans if I was an international student? | You signed a contract to pay the loan. You owe the money. Stories of people being arrested over defaulted student loans are usually based in contempt of court warrants when the person failed to appear in court when the collection agency filed suit against them. Explore student loan forgiveness program. Research coll... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can I default on my private student loans if I was an international student? | What are the consequences if I ignore the emails? That would depend on how much efforts the collection agency is ready to put in. I got a social security number when I took up on campus jobs at the school and I do have a credit score. Can they get a hold of this and report to the credit bureaus even though I don't live... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.