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Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | "As a contractor, I have done this exact calculation many times so I can compare full time employment offers when they come. The answer varies greatly depending on your situation, but here's how to calculate it: So, subtracting the two and you get I've run many different scenarios with multiple plans and employers, and... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | As others have said, it depends entirely on what benefits are provided, and how much of the cost of those benefits is paid by the employer and how much is paid by the employee, and compare that to what it would cost to obtain the necessary/equivalent coverage without employer assistance. In my case, my employer pays mo... |
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Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | "While the other answers try to quantify the value of health care the question you ask is about employee vs contractor. The delta between those regarding benefits goes way beyond health care. In fact because almost every full time employee must have health care offered by their employer the option of ""you can have X ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | "Equation: (M x 12) + MOOP = Worst case scenario cost Where M equals the monthly cost and MOOP is the maximum out of pocket amount. So, if a plan costs $500 a month and the maximum out of pocket amount is $12,000 - which in a worst case scenario you would pay (it's almost always over the deductible) ... ($500 x 12) + ... |
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Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | "For the person being hired this is a tricky situation. Specially with the new laws. There is no real magic number that can be applied as a lot will depend on what benefits you want, and what is actually available. This will really shift the spectrum quite a bit. Under the affordibal care act, everyone has to have ins... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | You could probably see prices at one of the Obamacare websites. I'm on Obamacare in Massachusetts, and the premiums for me ranged from about $300-600 per month. For a couple, you just multiply by two (couples don't get any discounts over single people). So for a couple, the cost is about $600-$1200 per month. I neve... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | "Many answers here have given what look to be useful perspectives on your question. I want to point out an interesting technical issue. If an employer contracts with an insurer, it agrees to cover all employees (or all that fill some pre-specified definition and no one else), and to offer only a limited range of optio... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Ballpark salary equivalent today of “healthcare benefits” in the US? | There is some magic involved in that calculation, because what health insurance is worth to you is not necessarily the same it is worth for the employer. Two examples that illustrate the extreme ends of the spectrum: let's say you or a family member have a chronic or a serious illness, especially if it is a preexisting... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
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Ballpark salary equivalent today of “healthcare benefits” in the US? | Healthcare for the employee is more valuable to the employer than is providing healthcare for the rest of the family members. Depending on the family situation, you're going to see significant differences in price between out of pocket costs for insurance of just the employee, vs cost for insuring the entire family. ... |
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Given a financial question, retrieve user replies that best answer the question
Query:
How to get a grip on finance? | "I think this question is perfectly on topic, and probably has been asked and answered many times. However, I cannot help myself. Here are some basics however: Personal Finance is not only about math. As a guy who ""took vector calculus just for fun"", I have learned that superior math skills do not translate into su... |
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Given a financial question, retrieve user replies that best answer the question
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Hired with W-9, will I owe estimated tax quarterly? | You must pay your taxes at the quarterly intervals. For most people the withholding done by their employer satisfies this requirement. However, if your income does not have any withholding (or sufficient), then you must file quarterly estimated tax payments. Note that if you have a second job that does withhold, then ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How should one refuse to father in law (Chinese) when he wants to borrow money? | "In these situations, one solution is to use the ""I was just about to ask you the same thing..."" response. This is kind of a famous way to deal with people asking you for money, whether it's someone asking to borrow ""$10 at lunch time"" or ""$3000 for a car"" or the like. So: Person X asks you for money, say $2000. ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why are residential investment properties owned by non-professional investors and not large corporations? | "Because the returns are not good. One of the big drivers in Australia is ""negative gearing"": if your investment loses money you can offset losses against your tax on other income. Institutional investors and corporations are in the business of making money: not losing it. Housing market investors are betting that th... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why are residential investment properties owned by non-professional investors and not large corporations? | Your experience is anecdotal (outside Australia things are different). There are many companies and real estate investment trusts (REITs) that own residential properties (as well as commercial in many cases to have a balanced portfolio). They are probably more common in higher-density housing like condos, apartment bui... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why are residential investment properties owned by non-professional investors and not large corporations? | "Economy of scale on one side versus ""person monetizing an illliquid asset"" on the other. Most multifamily rental buildings are owned by professional real estate investors (as well as individuals growing an empire to become a professional real estate investor whom I will count in this group). The rental difference ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why are residential investment properties owned by non-professional investors and not large corporations? | As other answers have pointed out, professional real estate investors do own residential investment properties. However, small residential units typically are not owned by professional real estate investors as your experience confirms. This has a fairly natural cause. The size of the investment opportunity is insuffici... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Why are residential investment properties owned by non-professional investors and not large corporations? | None of the previous answers calls out an important factor to residential property ownership bias towards individual investors. The amount of time spent managing (leasing, maintenance and rent collection) on single properties is much higher, per property, than larger investments. But what is mentioned in passing is the... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Offered a job: Should I go as consultant / independent contractor, or employee? | "Your comment to James is telling and can help us lead you in the right direction: My work and lifestyle will be the same either way, as I said. This is all about how it goes ""on the books."" [emphasis mine] As an independent consultant myself, when I hear something like ""the work will be the same either way"", ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
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Offered a job: Should I go as consultant / independent contractor, or employee? | To be honest I don't know how any of this work in the US so my answer will be of very limited value to yourself, I suspect, but when it comes to the UK if you're going to get the same pay gross either way than being independent makes very little sense. Running your own business is hassle, is generally more risky (alth... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Offered a job: Should I go as consultant / independent contractor, or employee? | "Linkedlinked, You might want to seriously take another look at the links that Chris provided you. Specifically the ones on the IRS website: http://www.irs.gov/businesses/small/article/0,,id=99921,00.html From the IRS website: Businesses must weigh all these factors when determining whether a worker is an employee... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Offered a job: Should I go as consultant / independent contractor, or employee? | "I think it really depends on what work/lifestyle you are looking for. I'm sure your more than capable of going down either route, but you should weigh up the pros and cons of each A consultant would be great, you'd be your own boss and you have overall say on how your business/career plans out, but be prepared to put ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What happens when a non-U.S. citizen who's been making money from the U.S. moves to the U.S.? | "Its not for US citizens - its for US residents. If the US considers you as a tax resident - you'll be treated the same as a US citizen, regardless of your immigration status. The question is very unclear, since it is not mentioned whether your US sourced income ""from the Internet"" is sales in the US, sales on-line, ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How do you declare an interest free loan? | In principle, the US taxes both income and gifts. Simply thinking good thoughts is not necessarily sufficient to avoid filing or payment obligations. Giving somebody money with no repayment date, no interest, and no enforceable note looks an awful lot like either income or a gift. A loan normally has interest, money si... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How do you declare an interest free loan? | "I am neither a lawyer nor a tax accountant, and if you're dealing with serious money I suggest you consult a professional. But my understanding is: If you make a loan at zero interest or at below-market rates, the IRS will consider the difference between the interest that you do charge and the market rate to be a gift... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Avoiding sin stock: does it make a difference? | Yes, it does matter. You are right that lower demand for a stock will drive its price down. Lower stock prices can hurt the company. Take a look at Fixee's answer to this question: a declining share price will make it hard to secure credit, attract further investors, build partnerships, etc. Also, employees are often h... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Avoiding sin stock: does it make a difference? | "This question drives at what value a shareholder actually provides to a corporation, and by extent, to the economy. If you subscribe for new shares (like in an Initial Public Offering), it is very straightforward to say ""I have provided capital to the corporation, which it is using to advance its business."" If you b... |
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Given a financial question, retrieve user replies that best answer the question
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Save money in company for next year | As was once famously said, Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes. — Benjamin Franklin, 1789 It's very likely that either the company or you personally is going to have to pay taxes on that mone... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Canadian in California - filing taxes as a non-resident | "What do you mean by ""Canadian income""? Was it income paid to you as wages for the job you did in the US? Or rental/interest income in Canada? If the former - then it doesn't go to NEC, it goes to the main part of the return. If the latter - it doesn't appear on your NR return at all. Yes, it is to validate your resi... |
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Given a financial question, retrieve user replies that best answer the question
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Schedule C: where to deduct service fees on income? | "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 the term ""nonemployees""." |
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Given a financial question, retrieve user replies that best answer the question
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Recourse with Credit Card company after victimized by fraud? | "Concealing parts of a document in order to obtain a signature is illegal. The company committed signature forgery because they effectively modified the document after you signed it (i.e. unfolded the parts that were previously folded). I suggest that you go to your local police department to file a report, citing ""si... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
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Recourse with Credit Card company after victimized by fraud? | If the business is being investigated by your state's Attorney General's office, then your first call should be to that office. They will be able to help you in a few ways, even if they can't explicitly resolve the situation, and they also would undoubtedly appreciate your information to add to their case as well. Fir... |
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Given a financial question, retrieve user replies that best answer the question
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Recourse with Credit Card company after victimized by fraud? | "I agree that you shouldn't give up trying to get your money back, but I strongly feel that this is not sufficient. If they are trying to victimize you, they are trying to victimize others. Taking care of getting your own money back should be your top concern, but contacting any Attorneys General and District Attorney... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
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Options on the E-mini S&P 500 Futures at the CME: what's the expiry date of the underlying future? | "I don't see EWQ6 in any of your links, so I can't say for certain, but when you buy an option contract on a future, the option will be for a specific future (and strike). So the page you're looking at may be for options on E-mini S&P 500 futures in general, and when you actually purchase one through your broker, you ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
If the former owner of my home is still using the address, can it harm me? | Give it to your mailman to return to sender. For this kind of material, return service is always requested, and it will let the bank know that they have incorrect address information. If the owner needs the cards, he'll contact the bank, or the bank will contact him to verify the address. Either way, as long as its not... |
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Given a financial question, retrieve user replies that best answer the question
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If the former owner of my home is still using the address, can it harm me? | Don't worry about it. One of the big banks who like to whine a lot about defaulting borrowers is sending credit cards to a former resident of my home. The guy died in the late 90s. |
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Given a financial question, retrieve user replies that best answer the question
Query:
Primary residence converted to a rental property & tax implications | 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 moved, or when the first tenant moved in. Your list is pretty good. ... |
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Given a financial question, retrieve user replies that best answer the question
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Primary residence converted to a rental property & tax implications | Schedule E is the form you'll use. It lists nearly all deductions you can take for a rental. TurboTax Deluxe will handle it and it includes State Filing. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
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Administrator vs Broker vs Custodian for a Solo 401(k)? | Their paperwork should help you along. Schwab is the broker and custodian, you are the administrator. There's virtually no paperwork after the account is opened, until you hit $250K in value, and then there's one extra IRS form you need to fill out each year. See One-Participant 401(k) Plans for a good IRS descripti... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
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Faster degree with debt or slower degree with no debt? | Basically do some math on the 2 schools. Let's say you know it will take 4 years if you go the cheaper route, at $8k/yr, plus the $300/month, total cost: $46,400. If you (for these purposes) do not have to pay back new loans until school is completed, (and depending on the rate of those loans), you would need approx $6... |
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Given a financial question, retrieve user replies that best answer the question
Query:
I want to invest in a U.S.-based company with unquoted stocks, but I am a foreigner. How to do this? | "The recommendation is not to make the investment. In general, a company does not have to sell their shares to you or allow you to become an investor, because, as you have stated, it is a private company not quoted on the stock market. If everyone were trustworthy, you could buy the tools for $11000 -- so that you ow... |
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Given a financial question, retrieve user replies that best answer the question
Query:
I want to invest in a U.S.-based company with unquoted stocks, but I am a foreigner. How to do this? | "Life would be nicer had we not needed lawyers. But for some things - you better get a proper legal advice. This is one of these things. Generally, the United States is a union of 50 different sovereign entities, so you're asking more about Texas, less about the US. So you'd better talk to a Texas lawyer. Usually, stoc... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Appropriate model for deferred costs as a line-of-credit | There's no standard formula. You can compare the going rates on the market for unsecured LOCs and take that as the starting anchor. Unsecured lines of credit run in the US at about 8-18%. Your risk should be reflected in the rate, and I see no reason why the rate would change throughout the loan. As to the amount of pr... |
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Given a financial question, retrieve user replies that best answer the question
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Can I deduct the cost of software and/or computer that I need to do my job? | "Yes, this is a miscellaneous itemized deduction. https://www.irs.gov/publications/p529/ar02.html For this to impact your taxes, you have to be itemizing deductions (have total deductions greater than standard deduction), and the total of all miscellaneous deductions needs to exceed the ""2% floor"" described in the IR... |
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Given a financial question, retrieve user replies that best answer the question
Query:
Is it normal for brokers to ask whether I am a beginner? | "Brokers need to assess your level of competency to ensure that they don't allow you to ""bite off more than you can chew"" and find yourself in a bad situation. Some brokers ask you to rate your skills, others ask you how long you've been trading, it always varies based on broker. I use IB and they gave me a questiona... |
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Given a financial question, retrieve user replies that best answer the question
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Is it normal for brokers to ask whether I am a beginner? | "In Canada, for example, they are expected or required to find out. They call it, The “Know Your Client” rule, part of which is knowing your ""Investment knowledge and experience"". They say it is, ""to ensure their advice is suitable for you"". I have always been given that kind of form to fill in, when opening an acc... |
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Given a financial question, retrieve user replies that best answer the question
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Is it normal for brokers to ask whether I am a beginner? | "Yes, this is common and in some cases may be required. They may use it for marketing at some level, but they also use it for risk management in deciding, for example, how much margin to offer and whether to approve access to ""riskier"" products like stock options." |
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Given a financial question, retrieve user replies that best answer the question
Query:
Is it normal for brokers to ask whether I am a beginner? | In many places there are legal requirements to do so, essentially made to prevent brokers from selling high-risk products as if they were deposits with guaranteed safety of your funds. There also may be prohibitions on offering high-risk/high-return products to beginner customers, e.g. requiring accredited investor sta... |
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Given a financial question, retrieve user replies that best answer the question
Query:
What is the correct answer for percent change when the start amount is zero dollars $0? | "There is no numerical convention in finance that I have ever seen. If you look at statements or reports that measure growth when the starting value is negative or zero, you typically see ""n/a"" or ""-"" or ""*"" as the result. Any numerical result would be meaningless. Suppose you used 100% and another company had... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What is the correct answer for percent change when the start amount is zero dollars $0? | A value of zero or a negative value makes the percent change meaningless. Saying 100% when going from 0 to some other value is simply wrong. I have seen a similar situation several times when looking at a public company with a loss last quarter. On Google Finance or some other service, the PE ratio will be blank, N/A, ... |
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Given a financial question, retrieve user replies that best answer the question
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What is the correct answer for percent change when the start amount is zero dollars $0? | "I'd personally display ""n/a"" The only other answer that makes sense to me other is ""infinity"" (phone keyboard doesn't allow me to input the symbol). This would at least allow you to show direction by using positive and negative infinity and mathematical as the the initial value approaches zero the percentage chan... |
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Given a financial question, retrieve user replies that best answer the question
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What is the correct answer for percent change when the start amount is zero dollars $0? | "In general, when dealing with quantities like net income that are not restricted to being positive, ""percentage change"" is a problematic measure. Even with small positive values it can be difficult to interpret. For example, compare these two companies: Company A: Company B: At a glance, I think most people would ... |
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Given a financial question, retrieve user replies that best answer the question
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What is the correct answer for percent change when the start amount is zero dollars $0? | As has been said before, going from nothing to something is an infinite percent increase! It is not 100%. Maybe you had a dollar and now have $101 that is a 10000% increase! Quite remarkable. I often work with symmetrized percent changes like: spc = 100 * (y2-y1)/(0.5 * (y1+y2)) Where I compute the percent with respect... |
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Given a financial question, retrieve user replies that best answer the question
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What is the correct answer for percent change when the start amount is zero dollars $0? | "Anyone who has any business looking at growth numbers will know thay are meaningless in the first year, So all they need to know is that it's the first year. It's no different than the Billboard music charts' treatment of the ""last week's chart ranking"" and ""movement up/down"" columns. It will help with visual... |
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Given a financial question, retrieve user replies that best answer the question
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What is the correct answer for percent change when the start amount is zero dollars $0? | In computing, you'd generally return naa%, for 'not a number'. Could you not put '-%' to show there is no value at this point? Surely the people seeing this aren't idiots and understand the charge on 0 is 0? |
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Given a financial question, retrieve user replies that best answer the question
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What is the correct answer for percent change when the start amount is zero dollars $0? | What is the probability of a real occasion (meaning not just an example) being exactly zero? Even if you have 0.1 you can still do the math. Also, it is kind of depending on the occasion. For example, you want to calculate the ROI of an investment for which you had zero capital and you made that investment with leverag... |
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Given a financial question, retrieve user replies that best answer the question
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What is the correct answer for percent change when the start amount is zero dollars $0? | "There are some assumptions which can be made in terms of the flexibility you have - I will start with the least flexible assumption and then move to more flexible assumptions. If you must put down a number 1, your go-to for this(""Change the start period to 1""), is pretty good, and it's used frequently for other divi... |
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Given a financial question, retrieve user replies that best answer the question
Query:
What is the tax levied against stock portion cashed out of 401k? | "You pay tax on the entire amount, not just the capital gains. When cashing out such a plan you would pay the top marginal tax rate on the full amount plus another 10% in penalties. It is very likely that the additional income, of the balance withdrawal, will increase your top marginal rate. It is impossible to co... |
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Given a financial question, retrieve user replies that best answer the question
Query:
What is the tax levied against stock portion cashed out of 401k? | Withdrawals from a traditional 401(k) plan are always treated as cash income and the taxable portion is taxed at ordinary income tax rates, even if the money was held in stocks within the 401(k) plan and the amount withdrawn is equal to whatever capital gains you made by selling the stock within the 401(k) plan. If you... |
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Given a financial question, retrieve user replies that best answer the question
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Should I have to pay income tax on contribution to home office rent from company? | This is essentially a reimbursement of your expense. Since you can deduct the expense, the fact that the reimbursement is taxable doesn't affect you much. You deduct your home office expenses on your annual tax return using form 8829. See the IRS site for more details. If you're asking about the UK tax, there may be so... |
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Given a financial question, retrieve user replies that best answer the question
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IRS “convenience of the employer” test when employee lives far from the office | "The decision whether this test is or is not met seems to be highly dependent on the specific situation of the employer and the employee. I think that you won't find a lot of general references meeting your needs. There is such a thing as a ""private ruling letter,"" where individuals provide specific information abou... |
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Given a financial question, retrieve user replies that best answer the question
Query:
IRS “convenience of the employer” test when employee lives far from the office | "I'm not a tax professional, but as I understand it, you are not expected to commute from San Francisco to Boston. :) If your employer has not provided you with an external office, then yes, you have very likely met the ""convenience of the employer"" test. However, to take the home office deduction, there are many re... |
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Given a financial question, retrieve user replies that best answer the question
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IRS “convenience of the employer” test when employee lives far from the office | If your employer does not provide you with a place to work but nevertheless expects you to get work done, then having a place to work is a condition of employment. |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How much total salary to allocate to defer $17,500 to 401(k)? | You're on the right track, and yes, that small difference is subject to income taxes. Do you use a payroll service? I do the same thing and use my payroll software to tweak the salary until the paycheck is just a few dollars every month (we run payroll once a month), with the rest going to the 401(k) and payroll taxes.... |
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Given a financial question, retrieve user replies that best answer the question
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Is this reply promising a money order and cashier check a scam? | "It's a scam. The cashier's check will be forged. Craigslist has a warning about it here (item #3). What kind of payment do you think is not fakable? Or at least not likely to be used in scams? When on craigslist - deal only locally and in person. You can ask to see the person's ID if you're being paid by check When ... |
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Given a financial question, retrieve user replies that best answer the question
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Is this reply promising a money order and cashier check a scam? | I was a involved in this same scam from my Craigslist item. The buyer texted me & said his assistant put the wrong check in my envelope & please let him know when I got it,cash the cashiers check, keep my part for money of my item & send him back the difference. Well, the check came to me for $1,350.00 for a $100 item... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Can I just file a 1040-ES? | Yes, you can send in a 2012 1040-ES form with a check to cover your tax liability. However, you will likely have to pay penalties for not paying tax in timely fashion as well as interest on the late payment. You can have the IRS figure the penalty and bill you for it, or you can complete Form 2210 (on which these matt... |
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Given a financial question, retrieve user replies that best answer the question
Query:
What standards should I expect of my CPA when an error was made? | "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 should cross check all the numbers and verify that they're correct. That... |
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Given a financial question, retrieve user replies that best answer the question
Query:
Self-employed individual 401k self, match, and profit sharing contribution limits? | "It seems I can make contributions as employee-elective, employer match, or profit sharing; yet they all end up in the same 401k from my money since I'm both the employer and employee in this situation. Correct. What does this mean for my allowed limits for each of the 3 types of contributions? Are all 3 types de... |
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Given a financial question, retrieve user replies that best answer the question
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Self-employed individual 401k self, match, and profit sharing contribution limits? | I can only address this part of it: For instance with a 10k net income, 9293 is the limit for 401k from employee. How is this calculated? I believe this limit is total for all sources too, which I'm confused about. How it's calculated is that when you are self-employed you also pay the employer portion of the FICA taxe... |
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Given a financial question, retrieve user replies that best answer the question
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From ACH direct debit to Prepaid card? | This would be exactly the sort of product that a thief would want, if they had got ahold of some account numbers and wanted to steal the money from those accounts, in a way that would let them spend it as conveniently as possible. That should explain why I think it's unlikely that any such product exists. |
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Given a financial question, retrieve user replies that best answer the question
Query:
How to avoid maintenance fee when balance drops below minimum? | Looks like you have three options: Outside of this you might need to look for a different type of account. Hope that helps. |
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Given a financial question, retrieve user replies that best answer the question
Query:
How do I account for 100 percent vendor discounts in GnuCash 2.6.5 | I am no expert on the situation nor do I pretend to act like one, but, as a business owner, allow me to give you my personal opinion. Option 3 is closest to what you want. Why? Well: This way, you have both the record of everything that was done, and also IRS can see exactly what happened. Another suggestion would be t... |
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Given a financial question, retrieve user replies that best answer the question
Query:
How do I account for 100 percent vendor discounts in GnuCash 2.6.5 | "The answer was provided to me at the Gnucash chat by ""warlord"". The procedure is as follows: After doing this you will have:" |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
eBay Account and SIM cards sent to my address | "In your mother's position, I would do two things: Get a copy of her credit report. Money Advice Service has a useful page on how to do this - it is cheap (£2) or free to do and will immediately tell you if someone else is using her address for anything untoward. Check with the Post Office whether anyone has set up a r... |
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Given a financial question, retrieve user replies that best answer the question
Query:
Can self-employed individuals deduct their mileage spent commuting to events? | I looked at Publication 463 (2014), Travel, Entertainment, Gift, and Car Expenses for examples. I thought this was the mot relevant. No regular place of work. If you have no regular place of work but ordinarily work in the metropolitan area where you live, you can deduct daily transportation costs between home a... |
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Given a financial question, retrieve user replies that best answer the question
Query:
What should I look at before investing in a start-up? | Here are the basic questions I usually ask any new business startup: Do these numbers/answers seem reasonable to you and is some benchmark available that allows you to see how likely this is? Remember, particularly in Internet-based advertising ventures, the client may be indirect. The person who clicks on a Google ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What should I look at before investing in a start-up? | In addition to evaluating the business (great answer), consider the potential payoff. If bonds pay off in the 5-10% range, the S&P500 has averged 10.5%. You should be expecting a payoff of 15-20% to invest in something riskier than the stock market. That means that if you invest $10k, then in 5 years you'll need to ge... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What should I look at before investing in a start-up? | Turukawa's answer is quite good, and for your own specific situation, you might begin by being sceptical about what you are getting for investing a few thousand dollars. With the exception of Paul Graham's Y-Combinator, there are very few opportunities to invest at that type of level, and Y-Combinator provides a lot o... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
What should I look at before investing in a start-up? | "Previous answers have done a great job with the ""Should I invest?"" question. One thing you may be overlooking is the question ""Am I allowed to invest?"" For most offerings of stock in a startup, investors are required to be accredited by the SEC's definition. See this helpful quora post for more information on r... |
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Given a financial question, retrieve user replies that best answer the question
Query:
What should I look at before investing in a start-up? | "You seem to have all your financial bases covered, and others have given you good financial advice, so I will try to give you some non-financial ideas. The first and most important thing is that you are investing with a long time friend, so the dynamics are a lot different that if you had recently met a stranger with ... |
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Given a financial question, retrieve user replies that best answer the question
Query:
Auto loan: must make X payments before payoff | "Paperwork prevails. What you have is a dealer who get a kickback for sending financing to that institution. And the dealer pretty much said ""We only get paid our kickback at two levels of loan life, 6 and 12 months."" You just didn't quite read between the lines. This is very similar to the Variable Annuity salespe... |
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Given a financial question, retrieve user replies that best answer the question
Query:
Contributing to a Roth IRA while income tax filing status is “Married Filing Separately”? | You must file as married for 2013 if you were married as of December 31, 2013. It is true that the Roth IRA contribution phaseout for Married Filing Separately is 0 - $10K. But you can still do backdoor Roth IRA contribution (contribute to a Traditional IRA, then convert it to a Roth IRA; assuming you do not have any p... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to pay myself as a single person corporation in Ontario? Should I get an accountant? | "Get an accountant. Now. There are many subtle things that you do not know especially if you are just starting with your own corporation. There is also an issue of corporate tax return that you will have to face pretty soon. You should be looking for accountant that does accounting for corporations, there are companies... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Dec 31 accounting for S Corp - what to do with loss? | Conceptually, the entries are: Yes. And since you're the sole owner, your basis will equal to the equity balance on the balance sheet. Keep in mind the book and tax basis will probably be different, so you may want to keep a separate calculation to track the tax basis. There is no journal additional journal entry for... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Does borrowing from my 401(k) make sense in my specific circumstance? | Your comment regarding your existing finances is very relevant and helpful. You need to understand that generally in personal finance circles, when a strong earning 22 year-old is looking for a loan it's usually a gross spending problem. Their car costs $1,000 /month and their bar tabs are adding up so the only logic... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Does borrowing from my 401(k) make sense in my specific circumstance? | The set of circumstances that 401k loans make sense, are very small. As you would expect yours is not one of them. You make 70K per year and need 6500. Interest rate is not your problem, budgeting is the problem. Pay this off in three months not the 48 you are proposing. Why is borrowing from your 401K a bad idea,... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Does borrowing from my 401(k) make sense in my specific circumstance? | I completely agree with Pete that a 401(k) loan is not the answer, but I have an alternate proposal: Reduce your 401(k) contribution down to the 4% that you get a match on. If you are cash poor now and have debts to be cleaned up, those need to be addressed before retirement savings. You'll have plenty of time to mak... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Does borrowing from my 401(k) make sense in my specific circumstance? | I see you've marked an answer as accepted but I MUST tell you that STOPPING your 401k contribution all together is a bad idea. Your company match is 100% rate of return(or 50% depending on structure). I don't care what market you look at, or how bad a loan you take out, you will not receive 100% rate of return, or be ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Does borrowing from my 401(k) make sense in my specific circumstance? | "You're getting great wisdom and options. Establishing your actionable path will require the details that only you know, such as how much is actually in each paycheck (and how much tax is withheld), how much do you spend each month (and yearly expenses too), how much spending can you actually cut or replace, how comfor... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Does borrowing from my 401(k) make sense in my specific circumstance? | "Since most of the answers are flawed in their logic, I decided to respond here. 1) ""What if you lose your job, you can't pay back the loan"" The point of the question was to reduce the amount paid per month. So obviously it would be easier to pay off the 401k loan rather than the 3 separate loans that are in place no... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Would it make sense to buy a rental property as an LLC and not in my own name? | 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 of your assets is helpful, and the one con for most is the inability ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Would it make sense to buy a rental property as an LLC and not in my own name? | I'd have a good look at how much anonymity an LLC offers in your state - as far as I'm aware this varies from state to state. Out here in NV an LLC owner's privacy is supposedly fairly well protected, but in other states, not quite as much. Also keep in mind that while the LLC offers some protection (and I'm a big advo... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Would it make sense to buy a rental property as an LLC and not in my own name? | "Consider that there are some low-probability, high-impact risk factors involved with property management. For example, an old house has lead paint and may have illegal modifications, unknown to you, that pose some hazard. All of your ""pros"" are logical, and the cons are relatively minor. Just consult an attorney to ... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Would it make sense to buy a rental property as an LLC and not in my own name? | Don't worry about the spam mail. If you get a loan, it will be based on your personal credit. I don't know if you can get a real estate loan for your LLC, even if it owns many properties. Typically you get the loan in your own name, then transfer title to the LLC. The LLC does offer good liability protection. The downs... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Would it make sense to buy a rental property as an LLC and not in my own name? | "IANAL, but if you're planning to sell shares in your LLC you may be disappointed in the protection granted. I looked into this corporate structure for the same purpose myself, and my attorney said something like, ""If an owner of one of the shares of your company is driving to look at one of the properties, and gets i... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Would it make sense to buy a rental property as an LLC and not in my own name? | You need to first visit the website of whatever state you're looking to rent the property in and you're going to want to form the LLC in that particular state. Find the Department of Licensing link and inquire about forming a standard LLC to register as the owner of the property and you should easily see how much it co... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
How to open a Mega Money Market account without an ssn? | According to the IRS: Aliens who are not eligible to apply for a U.S. social security number, or who do not meet the Social Security Administration's evidence requirements for an SSN, may apply for an Individual Taxpayer Identification Numbers (ITIN) from the Internal Revenue Service if they have a valid tax r... |
Instruct:
Given a financial question, retrieve user replies that best answer the question
Query:
Strategy to minimize taxes due to unpaid wages? | "Can I write off the $56,000 based on demand letters? Or do I need to finish suing him to write-off the loss? No and no. You didn't pay taxes on the money (since you didn't file tax returns...), so what are you writing off? If you didn't get the income - you didn't get the income. Nothing to write off. Individuals in... |
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? | "Check is an obligation to pay, and is unconditional. In the US, checks don't expire (there are countries where they do). Endorsements such as ""void after X days"" are meaningless and don't affect the obligation to pay. The bank is under no obligation to honor a check that is more than 6 months old (based on the date ... |
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? | You should write a demand letter immediately, send the letter by certified mail, and then wait 30 days. Here is a sample demand letter for the state of california that you can send: http://www.courts.ca.gov/11151.htm It seems like most of the demand letters assumed that you tried to cash the check and incurred a servic... |
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