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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>> Will depositing $10k+ checks each month raise red flags with the IRS? [/INST] Your main concern seems to be to be accused of something called 'smurfing' or structuri...
<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>> Is issuer's bank allowed to charge fee when cashing check? [/INST] Some banks charge their own customers if they make use of a teller. That is what you 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 to invest 10k dollars, at the age of 23? [/INST] An investment in knowledge always pays the best interest, as Ben Franklin said. However, this is n...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Employer options when setting up 401k for employees [/INST] If you were looking to maximize your ability to save in a qualified plan, why not setup a 401K plan in Company A and keep the SEP in B? Setup the 401...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Investment time horizon: When is it acceptable to withdraw money from investments? [/INST] shouldn't withdraw stock investments for at least 5 years would be better re-phrased as: "don't inv...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Investment time horizon: When is it acceptable to withdraw money from investments? [/INST] To summarize your starting situation: You want to: Possible paths: No smal...
<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>> Tax rules for United States citizens living in the US but being paid from outside the US [/INST] You can and are supposed to report self-employment income ...
<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>> Estimated Taxes after surge in income [/INST] You will not necessarily incur a penalty. You can potentially use the Annualized Income Installment metho...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Estimated Taxes after surge in income [/INST] Well a definitive answer would require a lot of information. Instead of posting that kind of info online, you should take a look at the instructions for Form 2210 ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How to reconcile a credit card that has an ongoing billing dispute? [/INST] You could make an entry for the disputed charge as if you were going to lose the dispute, and a second entry that ...
<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 reconcile a credit card that has an ongoing billing dispute? [/INST] What I would prefer is top open a new category charges under dispute and park the amount ...
<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 international income with money not deposited in India [/INST] If the work is done in India, then the income arising out of it, is taxable wh...
<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 international income with money not deposited in India [/INST] Three points for you to keep in mind. 1. In the very first year, you shoul...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How to represent “out of pocket” purchases in general ledger journal entry? [/INST] You're lending the money to your business by paying for it directly. The company accounts must reflect a credit (the amount y...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How to represent “out of pocket” purchases in general ledger journal entry? [/INST] Journal entry into Books of company: 100 dr. expense a/c 1 200 dr. expense a/c 2 300 dr. expanse a/c 3 // ...
<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 this check still be honored? [duplicate] [/INST] You could talk to them, but (assuming you're in the U.S.), it's highly doubtful any bank would honor a check fro...
<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>> What does the phrase “To make your first million” mean? [/INST] I'd interpret it as "Net Worth" reached 1M where "net worth" = assets - liabilities. </s>
<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>> What does the phrase “To make your first million” mean? [/INST] I've not heard it used in any way other than one's net worth reaching a million. No 30 ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> What does the phrase “To make your first million” mean? [/INST] When people are crowing about their achievements, they often take liberties with those achievements. Vitalik's interpretation -- net worth, is pr...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Is it ok to use a check without a pre-printed check number? [/INST] For the clearing house, only the routing number and the check amount [which gets encoded before its presented to clearing]...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Is it ok to use a check without a pre-printed check number? [/INST] They are valid checks, but you're going to get hassled when you try to use them. There's a percep...
<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 would selling off some stores improve a company's value? [/INST] Two different takes on an answer; the net-loss concept you mentioned and a core-busine...
<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>> Why would selling off some stores improve a company's value? [/INST] I'd like to modify the "loss" idea that's been mentioned in the other two answers....
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Why would selling off some stores improve a company's value? [/INST] Maybe the location isn't yet, but will soon become a new loss. For example older soon out of warranty equipment, new tax laws in the localit...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How important is reconciling accounts for a small LLC (Quickbooks)? [/INST] I would suggest opening a new account (credit card and bank) for just your business. This protects you in multiple...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Get the maximum interest rate from a bank on short term holdings [/INST] You can open Savings Bank Account with some Banks that offer better interest rate. Note ther...
<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>> Following an investment guru a good idea? [/INST] The best answer here is "maybe, but probably not". A few quick reasons: Its not a bad idea to watch other...
<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>> Following an investment guru a good idea? [/INST] I think following the professional money managers is a strategy worth considering. The buys from your...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> If a stock is selling for less than book value, is the company headed for bankruptcy? [/INST] No, but it is certainly a possibility. the efficient market hypothesis would say that this means that the market pe...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> If a stock is selling for less than book value, is the company headed for bankruptcy? [/INST] An answer can be found in my book, "A Modern Approach to Graham and Dodd Investing," p. 89 http:...
<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 do I get bill collectors who call about people I know to stop calling me? [/INST] http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf if you are in the US ...
<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 do I get bill collectors who call about people I know to stop calling me? [/INST] I agree about not wanting to get into your friend's personal 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 do I get bill collectors who call about people I know to stop calling me? [/INST] If they really won't stop calling you, just waste their time. Usu...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How do I get bill collectors who call about people I know to stop calling me? [/INST] I had a similar situation, except the debtor had no connection to us whatsoever, other than holding our phone number previo...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Is there a reason to buy a 0% yield bond? [/INST] 0% bonds are desirable for some individuals. It depends on your situation. 0% bonds are usually sold well below par value (eg a 100$ face va...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Is there a reason to buy a 0% yield bond? [/INST] No, there isn't. There are a number of reasons that institutions buy these bonds but as an individual you're likely...
<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>> What are the implications of lending money to my sole member S-corp? [/INST] You can make a capital contribution, not a loan. It's not a taxable event, no ...
<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>> Are you allowed to have both a 401(k) and a SIMPLE IRA? If so, what about limits? [/INST] I am not 100% sure, but I think the answer is this: You can't...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Foreign Earned Income Exclusion - Service vs. Product? [/INST] Even though you will meet the physical presence test, you cannot claim the FEIE because your tax home will remain the US. From the IRS: Your tax h...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Foreign Earned Income Exclusion - Service vs. Product? [/INST] As the name says, its for income earned in a Foreign country. If you have been paying US income tax on this while living in the...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Foreign Earned Income Exclusion - Service vs. Product? [/INST] Fear tactics posted above, likely by IRS agents. Yes, you qualify based on the residence test. You per...
<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>> What is a good open source Windows finance software [/INST] Have you tried others on Wikipedia's list? </s>
<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>> What is a good open source Windows finance software [/INST] You really shouldn't be using class tracking to keep business and personal operations separ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How to find out if a company has purchased government (or other) bonds? [/INST] This is in the balance sheet, but the info is not usually that detailed. It is safe to assume that at least some portion of the c...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Should a retail trader bother about reading SEC filings [/INST] There are many different kinds of SEC filings with different purposes. Broadly speaking, what they have in common is that they...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Should a retail trader bother about reading SEC filings [/INST] I use 10-K and 10-Qs to understand to read the disclosed risk factors related to a business. Sometime...
<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>> What should I be aware of when renting a home to a corporation instead of an individual? [/INST] This is business as usual, except that you need to keep 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>> Quickbooks custom field for computing a value [/INST] Custom fields are limited to non-calculated values. Read more here: http://qbblog.ccrsoftware.inf...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Are individual allowed to use accrual based accounting for federal income tax? [/INST] Yes. But once you chose the method (on your first tax return), you cannot change it without the IRS approval. Similarly th...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> If I take a loss when I sell my car, can I claim a capital loss deduction on my income tax return? [/INST] While you'd need to pay tax if you realized a capital gain on the sale of your car,...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> After a stock dividend, how do you calculate holding periods for capital gains taxes? [/INST] Stock acquired through a (non-taxable) stock dividend has the same hold...
<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 know if I can have NOL (U.S. tax)? [/INST] Individuals most definitely can have NOL. This is covered in the IRS publication 536. What is the differe...
<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>> What does “Income generated in the U.S.” mean? [/INST] It means you must pay federal (and possibly state) tax on any income you produce in America -- i...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Will one’s education loan application be rejected if one doesn't have a payslip providing collateral? [/INST] A bank can reject a loan if they feel you do not meet the eligibility criteria. You can talk to few...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200? [/INST] No. $188.23 has $11.76 tax = $199.99 $188.24 has $11.77 tax - $200.01 So, unless the based ...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200? [/INST] Don't worry about it. The State doesn't care about rounding error....
<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>> Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200? [/INST] Yes, it's a simple calculation. (x+0.0625x)=200 or x=200...
<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 the activities of my LLC need to be limited to a particular field? [/INST] No. When you file your Articles of Organization, simply state that your b...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Deductible expenses paid with credit card: In which tax year would they fall? [/INST] According to this discussion, there was a Tax Court ruling that likened deductibility for charitable giving by credit card ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Deductible expenses paid with credit card: In which tax year would they fall? [/INST] I'm assuming you're operating on the cash basis of accounting, based on your comment "Cash, I think that...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Deductible expenses paid with credit card: In which tax year would they fall? [/INST] Assuming that it's not inventory that is sold in the following year or a deprec...
<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>> Deductible expenses paid with credit card: In which tax year would they fall? [/INST] Being a professional auditor and accountant, deduction against expens...
<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>> Deductible expenses paid with credit card: In which tax year would they fall? [/INST] I'm a CPA and former IRS agent and manager. Whether you are a cas...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Transfering funds from India to the US [/INST] Can I transfer funds from India to USA which I have borrowed in India. Funds borrowed in India may not be transferred outside of India as per Foreign Exchange Man...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Replacement for mint.com with a public API? [/INST] Check Buxfer here are the details about the API: http://www.buxfer.com/help.php?topic=API </s>
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Replacement for mint.com with a public API? [/INST] Yodlee's Moneycenter is the system that powered Mint.com before Intuit bought them. It works great for managing 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>> Replacement for mint.com with a public API? [/INST] Plaid is exactly what you are looking for! It's docs are easy to understand, and you can sign up to the...
<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>> Expensive agenda book/organizer. Office expense or fixed asset? [/INST] If your business pays taxes, it is in your best interest to expense it. Even if...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Expensive agenda book/organizer. Office expense or fixed asset? [/INST] I cannot imagine an organizer being worth enough to consider depreciating the expense over a period of time greater than one year. Also, ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Are ACH transfers between individuals possible? [/INST] Yes, many banks offer such a service. Often such payments can be made through their "bill pay" interface. You log in to your account 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>> Can we amend last year's Schedule C to indicate reduced income due to a customer refund this year for a product we sold last year? [/INST] I am not an accountant, bu...
<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 do Islamic Banking give loans for housing purposes? [/INST] If the customer pays 20% of the payment in advance, then he is he owns 20% of the house and...
<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 do Islamic Banking give loans for housing purposes? [/INST] As I understand it, if the "borrower" puts a down payment of 20% and the bank puts down...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> What is a clearing bank, in specific, what does RMB clearing bank do? [/INST] Clearing means processing unsettled transactions. Specifically - all the money transfers between the banks, in this case. Clearing ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Canadian accepting money electronically from Americans [/INST] I am not aware of a version of Interac available in the U.S., but there are alternative ways to receive money: Cheque. The prob...
<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 does a Value Added Tax (VAT) differ from a Sales Tax? [/INST] Sales taxes are charged at the point of purchase, while a VAT is assessed during the production pro...
<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>> Changing Mailing Adress [/INST] If you call them, you can make sure they'll use the new address, but if you want to do it online, there is some risk that 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>> Self-directed RRSP into mortgage investment [/INST] The Globe and Mail has an interesting article on what you can do with your RRSPs. Be aware that the...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Paying myself a distribution caused a negative Owner's Equity account balance? Is this normal? [/INST] It's not abnormal for a company that is as young as yours seems to be. It seems (based on what little I kn...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Is it wise to have plenty of current accounts in different banks? [/INST] Its actually a good thing. The #1 factor to your credit score is your credit utilization. So if you don't spend mone...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Is it wise to have plenty of current accounts in different banks? [/INST] You should not open bank accounts just to get additional credit cards. You should be carefu...
<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>> Is it wise to have plenty of current accounts in different banks? [/INST] Another thing to factor in are deals provided by banks. In general, banks care ab...
<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>> Is it wise to have plenty of current accounts in different banks? [/INST] I don't think there's any law against having lots of bank accounts. But what ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Is it wise to have plenty of current accounts in different banks? [/INST] The original poster indicates that he lives in the UK, but there are likely strong similarities with the US banking system that I am mo...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How May Cash be Spent Approaching Bankruptcy? [/INST] Bankruptcy law is complex. You need a lawyer who can advise you both on the statute and relevant case law for the district where you fil...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Accidentally opened a year term CD account, then realized I need the money sooner. What to do? [/INST] I did find this information from the US Department of the Trea...
<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>> Accidentally opened a year term CD account, then realized I need the money sooner. What to do? [/INST] In my experience, the only penalty to breaking a CD ...
<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>> Taxation of shares [/INST] If you sell your shares for more than their value at the time you received them (i.e. you make a profit) then you will be li...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> ACH debit blocks/filters on consumer account [/INST] The technical feature exists to (1)block all ACH activity, (2)block all ACH credits, or (3)block all ACH debits attempting to post to the deposit account. T...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Where should I invest to hedge against the stock market going down? [/INST] If you believe the stock market will be down 20-30% in the next few months, sell your stock holdings, buy a protec...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Where should I invest to hedge against the stock market going down? [/INST] If you were certain you would probably do best by short selling an ETF that tracked the i...
<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>> Where should I invest to hedge against the stock market going down? [/INST] Sometimes the simple ways are the best: </s>
<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>> Where should I invest to hedge against the stock market going down? [/INST] Put Options. They're less risky than shorting, and have similar upsides. Th...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Where should I invest to hedge against the stock market going down? [/INST] There are multiple ETFs which inversely track the common indices, though many of these are leveraged. For example, SDS tracks approxi...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> LLC in states with customers with and without employees in the state [/INST] If I hire someone in Utah to do sales for me over the phone, and he works out of his home, am I required to regis...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> FATCA compliance for small Foreign Company. What do I need to do? [/INST] Unless you started a bank or other kind of a financial institution (brokerage, merchant pro...
<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>> is the bankruptcy of exchange markets possible? [/INST] You seem to think that stock exchanges are much more than they actually are. But it's right there i...
<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>> is the bankruptcy of exchange markets possible? [/INST] @MichaelBorgwardt gave an excellent answer. Let me add a little analogy here that might help. S...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> is the bankruptcy of exchange markets possible? [/INST] It might be easiest to think of stock exchanges like brokers. If you buy a home, and your broker goes bankrupt, you still own your home, but you could no...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Filing Form 7004 if an LLC's only members are husband and wife [/INST] Since you both are members of the LLC - it is not a single-member LLC, thus you have to file the tax return on behalf o...