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<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> How can I lookup the business associated with a FEIN? [/INST] If the organization is a non-profit. You can search by EIN on Charity Navigator's website FOR FREE. htt...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> How can I lookup the business associated with a FEIN? [/INST] If it is Texas company, you can try doing a taxable entity search on the Texas Comptroller we...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Tax Allocation - Business Asset Transfer [/INST] And my CPA is saying no way, it will cost me many thousands in taxes and doesn't make any sense. I'd t...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Can Health-Releated Services be a Business Expense? [/INST] Chris, since you own your own company, nobody can stop you from charging your personal expenses to your business account. IRS is not a huge fan of mi...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How to Deduct Family Health Care Premiums Under Side Business [/INST] No, not on schedule C, better. Its an "above the line" deduction (line 29 on your 1040). Here's the turbo tax article on...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Claiming car as a business expense in the UK [/INST] I'm going to look just at purchase price. Essentially, you can't always claim the whole of the purchase price (o...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Do I need to keep paper records for my business? [/INST] Scanned or electronic copies of invoices should be sufficient as long as they are accurate and you...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> 1040 Schedule A Un-Reimbursed Business Expense Reporting [/INST] It would be unusual but it is possible that the expenses could be very high compared t...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Why do banks require small businesses to open a business bank account instead of a cheaper personal one? [/INST] The bank won't let you because: Differences in required account features — Business accounts hav...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Why do banks require small businesses to open a business bank account instead of a cheaper personal one? [/INST] You could, but the bank won't let you... If you're a sole proprietor - then y...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> How to treat miles driven to the mechanic, gas station, etc when calculating business use of car? [/INST] I contacted Stephen Fishman, J.D., the author of Home Busin...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> How to treat miles driven to the mechanic, gas station, etc when calculating business use of car? [/INST] Alright, IRS Publication 463: Travel, Entertainme...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> How to treat miles driven to the mechanic, gas station, etc when calculating business use of car? [/INST] Since you are using the percentage method to ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> value of guaranteeing a business loan [/INST] The guarantee's value to you is whatever you have to pay to get the guarantee, assuming that you don't decide it's too expensive and look for another guarantor or ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> value of guaranteeing a business loan [/INST] The standard goal of valuing anything is to seek the fair price for that thing in the open market. Depending on what is being valued, that may o...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> value of guaranteeing a business loan [/INST] You are confining the way you and the other co-founders are paid for guaranteeing the loan to capital shares. Trying to...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> value of guaranteeing a business loan [/INST] You should ask the bank supplying the SBA loan about the % of ownership that is required to personally guaran...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Intentions of Deductible Amount for Small Business [/INST] If your sole proprietorship losses exceed all other sources of taxable income, then you have...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Deducting business expenses paid for by gift card [/INST] To quote the answer you linked to: Perhaps the simplest way to think about this is you can only deduct an expense that you actually incur. In other wor...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Car as business expense, but not because of driving [/INST] To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted i...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Can a business refuse to take credit cards? [/INST] Businesses are free to decide what payment methods they accept for their goods and services. Businesses sometimes...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Calculate Estimated Tax on Hobby Business LLC [/INST] You are on the right track, for tax purposes its all ordinary income at the end of 2016. If the free ...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Calculate Estimated Tax on Hobby Business LLC [/INST] I assume your employer does standard withholding? Then what you need to do is figure what bracket...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Buying car from rental business without title [/INST] I would steer well clear of this. The risk is that they take your money but don't pay the bank. This wouldn't require dishonesty - what if they run into fi...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Why should I choose a business checking account instead of a personal account? [/INST] Some benefits of having a business checking account (versus a personal checking account) are: The first...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> How to report house used for 100% business? [/INST] As DJClayworth said, be very careful with this one! The property is a residence, not a business location. Given t...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Can the IRS freeze a business Bank account? [/INST] If the business is legally separated and not commingled - they probably cannot. What they can do is put...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> How to record business income tax paid, in QuickBooks? [/INST] Federal income taxes are indeed expenses, they're just not DEDUCTIBLE expenses on your 1...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Get a loan with low interest rate on small business [/INST] I am going to assume your location is the US. From what I am seeing it is unlikely you will get a loan other than some government backed thing. You a...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Does revenue equal gross profit for info product business? [/INST] What about web-hosting fees? Cost of Internet service? Cost of computer equipment to do the work? Amortized cost of develop...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Will unpaid taxes prevent me from getting a business license? [/INST] Generally these things are unrelated. Your tax debt is to agency X, your license is (mostly) fr...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Using cash back rewards from business credit card [/INST] A C-Corp is not a pass-through entity, any applicable taxes would be paid by the Corporation, whi...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Moving my online only business to the USA? [/INST] You don't need a Visa to create or own US property. Your registered agent will be able to take care ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Moving a personal business to a LLC accounting in California [/INST] You can move money in and out of the business at will, just keep track of every transaction. Ideally you'd use an accounting software like Q...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> What should one look for when opening a business bank account? [/INST] From my experience, I opened a business account to handle my LLC which owns a rental property. The account process and ...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> What should one look for when opening a business bank account? [/INST] Yes, it's a good idea to have a separate business account for your business because it makes a...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Which r in perpetuity formula to pricing a business? [/INST] In the equity markets, the P/E is usually somewhere around 15. The P/E can be viewed as the in...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> How can I deposit a check made out to my business into my personal account? [/INST] You should have a separate business account. Mixing business and pe...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How can I deposit a check made out to my business into my personal account? [/INST] When a business asks me to make out a cheque to a person rather than the business name, I take that as a red flag. Frankly it...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How can I deposit a check made out to my business into my personal account? [/INST] If you sign the check "For Deposit Only", the bank will put it in your account. You may need to set up a "...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> How can I deposit a check made out to my business into my personal account? [/INST] Depending on where you are, you may be able to get away with filing a "Doing Busi...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> How can I deposit a check made out to my business into my personal account? [/INST] I have checked with Bank of America, and they say the ONLY way to cash ...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> How can I deposit a check made out to my business into my personal account? [/INST] If you're a sole proprietor there's no reason to have a separate bu...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Filing personal with 1099s versus business s-corp? [/INST] Depends whom the 1099 was issued to. If it was issued to your corporation - then its your corporation's income, not yours. Why would it go to your tax...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> US Double Taxation - Business Trips and the Foreign Tax Credit [/INST] If you're a US citizen, money earned while in the US is sourced to the US. So you can't apply FTC/FEIE to the amounts a...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Can I use my Roth IRA to start a business? [/INST] Read the Forbes article titled IRA Adventures. While it's not the detailed regulations you certainly need, the art...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Really have to use business credit card for personal expenses [/INST] I really have to use the business card for personal expenses, please assume that in y...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Using credit card points to pay for tax deductible business expenses [/INST] For simplicity, let's start by just considering cash back. In general, cas...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Do Affordable Care Act business requirements apply to “control groups?” [/INST] Yes, it applies to control groups. If I remember correctly common ownership rules are used to determine "Applicable Large Employe...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> As a contractor, TurboTax Business-and-Home or Basic? [/INST] Assuming you file state tax returns, you shouldn't buy Basic. Ever. Your choice is probably between the "Premier" version and th...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Peer to peer lending business model (i.e. Lending Club) [/INST] This is all answered in the prospectus. The money not yet invested (available/committed to a note but...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Peer to peer lending business model (i.e. Lending Club) [/INST] The best description of P2P lending process I saw comes from the SEC proceedings. They are ...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> How can I make $250,000.00 from trading/investing/business within 5 years? [/INST] Deposit $3,500 each month in a brokerage account and invest that mon...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How can I make $250,000.00 from trading/investing/business within 5 years? [/INST] The answer to your question is Forex trading. You can get to 250K quicker than any other "investment" scheme. You'll just need...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> In what cases can a business refuse to take cash? [/INST] The Federal Reserve website notes that creditors must accept cash for debts on services already rendered, but that businesses may re...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> In what cases can a business refuse to take cash? [/INST] You have to take legal tender to settle a debt. If your business model doesn't involve the customer incurri...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> In what cases can a business refuse to take cash? [/INST] They don't have to take cash if they reasonably told you in advance they don't take cash, because...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> In what cases can a business refuse to take cash? [/INST] Apartment complexes have had a long history of not accepting cash for payment of rent. This e...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> In what cases can a business refuse to take cash? [/INST] A business can refuse cash (paper currency) payment pretty much in all cases provided it's a reasonable policy and/or notified during/in advance of con...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Maintaining “Woman Owned Business” while taking on investor [/INST] To qualify as a woman owned business, a woman or group of women must own shares worth 51% of the business. If your investo...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Maintaining “Woman Owned Business” while taking on investor [/INST] In addition to finding another woman investor, you have an equitable option that is not unreasona...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Investing/business with other people's money: How does it work? [/INST] Basically, you either borrow money, or get other people to invest in your business ...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Investing/business with other people's money: How does it work? [/INST] You can either borrow money... credit card, line of credit, re-finance your hom...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How to safely earn interest on business profits (UK) [/INST] Deposit it in a business savings account. The following below show you some options you can choose from. Next you can invest it in the market i.e. s...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How to safely earn interest on business profits (UK) [/INST] I found some UK personal accounts offer up to 3% interest (no names here, but it is well known bank with red logo). You can take ...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> What approaches are there for pricing a small business? [/INST] I don't have any experience in this, but this is my academic understanding of business pricing. The L...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Income tax on my online drop-shipping business (India) [/INST] Please consult a tax advisor. You may be voilating the FEMA [Foreign Exchange Management Act...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Income tax on my online drop-shipping business (India) [/INST] I find that there are two violation of law , prima facie , if someone earns money by dep...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How to find a business consultant that would ensure that all your business activities are legal and compliant with all regulations? [/INST] Getting a specific service recommendation is off-topic, but the quest...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How to account for money earned and spent prior to establishing business bank accounts? [/INST] Funds earned and spent before opening a dedicated business account should be classified accord...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> How to determine how much to charge your business for rent (in your house)? [/INST] Your best approach is to assess rent levels in your local area for offices of a s...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> How to determine how much to charge your business for rent (in your house)? [/INST] If you are talking about a home office, you don't "charge" the business...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> How to determine how much to charge your business for rent (in your house)? [/INST] In Canada I think you'd do it as a % of square footage. For example...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How to determine how much to charge your business for rent (in your house)? [/INST] In the UK it all comes down to what HMRC will allow you to charge without taxing you on the "rent profit" and not hitting cap...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How to determine how much to charge your business for rent (in your house)? [/INST] It depends on the structure of your business. Are you a sole proprietor filing Schedule C on your 1040, or...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> How to determine how much to charge your business for rent (in your house)? [/INST] To be confident in your solution, and get the best solution for you, consult a lo...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Dual Citizen British/US and online business taxes [/INST] I see no reason why a US ID would be mandatory anywhere in the UK. I'm sure they have their own t...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Will my wife's business losses offset my income on a joint tax return? [/INST] First, filing status. If you and your wife are legally married, you shou...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Do I need a Like-Kind Exchange when selling a personal vehicle for a company car [/INST] You cannot do a like-kind (Sec. 1031) exchange for personal property, only for business/investment property. Since you s...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> What forms do I need to fill out for a super basic LLC closing? [/INST] If it is a sole proprietorship and you didn't make another mistake by explicitly asking the IRS to treat it as a corpo...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Why are earning credit card rewards often tied to groceries and gas? [/INST] Every reward program has to have a funding source. If the card gives you x percent back ...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Why are earning credit card rewards often tied to groceries and gas? [/INST] There absolutely is a specific model that makes this so popular with so many c...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> 1099 versus corporation to corporation for payments? [/INST] Do not mix personal accounts and corporate accounts. If you're paid as your self person - ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Why do most banks in Canada charge monthly fee? [/INST] Arguably, "because they can". Canada's banking industry is dominated by five chartered banks who by virtue of their size, pretty much determine how banki...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Why do most banks in Canada charge monthly fee? [/INST] Lending isn't profitable when interest rates are this low. Consider what's involved to offer a savings or checking account. The bank m...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Why do most banks in Canada charge monthly fee? [/INST] The other answers in this thread do a fine job of explaining the economic situation that banks are in. In add...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Why do most banks in Canada charge monthly fee? [/INST] You have to check your contract to be sure what is it you're paying for. Typically, you get some of...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Do I need to register as self employed in Ontario, Canada? [/INST] If your business name is your name, you are automatically considered a sole-propriet...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant? [/INST] When you swipe your credit card, the terminal at the store makes a request of your bank, and your bank h...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant? [/INST] Take a look at http://en.wikipedia.org/wiki/Payment_gateway There is essentially a le...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Why do VAT-registered businesses in the EU charge VAT to each other? [/INST] Not doing this would defeat the entire purpose of a VAT. The reason for a VAT rather tha...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Why do VAT-registered businesses in the EU charge VAT to each other? [/INST] But why can't two companies exchange goods directly without paying VAT? This w...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> How To Report Cryptocurrency Earnings? [/INST] While this does fall under the "All-inclusive income" segment of GI (gross income), there are two questi...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How To Report Cryptocurrency Earnings? [/INST] As cryptocurrencies are rather new compared to most assets, there hasn't been a lot of specific guidance for a lot of situation, but in 2014 the IRS announced tha...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Allocation between 401K/retirement accounts and taxable investments, as a young adult? [/INST] I'm afraid you're mistaking 401k as an investment vehicle. It's not. It is a vehicle for retire...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Allocation between 401K/retirement accounts and taxable investments, as a young adult? [/INST] I would say yes, it makes sense to keep some money in taxable accounts...
<s>[INST] <<SYS>> Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering <</SYS>> Allocation between 401K/retirement accounts and taxable investments, as a young adult? [/INST] First off, great job on your finances so far. You are off on...
<s>[INST] <<SYS>> Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. <</SYS>> Income Tax form in India for freelancing [/INST] ITR1 or ITR2 needs to be filed. Declare the income through freelancing in the section "income from oth...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Income Tax form in India for freelancing [/INST] Since you are living in India and earning income not from salary, you must file your tax return under ITR4(Profits or Gains of Business or Profession). You can ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> What is bespoke insurance? [/INST] The word bespoke means made to order. Bespoke insurance means non-cookie cutter. That mean the thing your are trying to protect, or the risk to that item i...