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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>> Helping my family sell their oil stocks. What to buy? [/INST] *("Fee-only" meaning the only money they make is the fee your folks pay directly; no kickbacks from fin...
<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 investing [/INST] As an aside, why does it seem to be difficult to get a conclusive answer to this question? I'm going to start by trying to answer 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>> Value investing [/INST] The June 2014 issue of Barclays Wealth's Compass magazine had a very nice succinct article on this topic: "Value investing – do...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Value investing [/INST] One aspect of this - no matter which valuation method you choose - is that there are limited shares available to buy. Other people already know those valuation methods and have decided ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Value investing [/INST] The Investment Entertainment Pricing Theory (INEPT) has this bit to note: The returns of small growth stocks are ridiculously low—just 2.18 percent per year since 192...
<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 you deduct hobby expenses up to hobby income in Canada? [/INST] Yes, your business needs to be in the business of making money in order for you to deduct the exp...
<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 acceptable to receive payment from U.S. in Indian saving bank account via PayPal? [/INST] It is fine to receive payments into Indian Savings Bank acc...
<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>> H&R Block says form 1120 not finalized? IRS won't take it yet? [/INST] This form is due March 15. This year, the 15th is Saturday, so the deadline is M...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> H&R Block says form 1120 not finalized? IRS won't take it yet? [/INST] The forms get updated every year, and the software providers need to get approved by the IRS every year. "Form is not yet finalized" means...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Can I locate the name of an account holder by the account number and sort code? (U.K.) [/INST] No, the best you can do is (probably) determine the bank, from the sort code. using an online c...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Opening and funding an IRA in three days - is this feasible? [/INST] Some banks and credit unions have IRA accounts. They pay interest like a savings account or a CD...
<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>> Opening and funding an IRA in three days - is this feasible? [/INST] A few years ago, I did something like this at a Wells Fargo; I realized I could put mo...
<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 does one's personal credit history affect one's own company's credit rating? [/INST] For a newly registered business, you'll be using your "persona...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Simple income and expense report in gnucash [/INST] The official guide can be found here, but that can be a little in depth as well. To make good use of you need at least a little knowledge of double-entry boo...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Capital improvement and depreciation in restaurant LLC [/INST] First, you should probably have a proper consultation with a licensed tax adviser (EA/CPA licensed in your State). In fact you ...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> US Expatriate, do I have to file for an extension, or do I automatically get it, as in without doing anything? [/INST] The 2 months extension is automatic, you just ...
<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>> Does the CRA reprieve those who have to commute for work? [/INST] The answer on the Canadian Government's website is pretty clear: Most employees cannot cl...
<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 you report S-corporation Shareholder loans / capital contributions? [/INST] As the owner of the S-corp, it is far easier for you to move money i...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Company is late in paying my corporate credit card statement - will it hurt my credit? [/INST] According to an article on Bankrate.com from 2011, yes, it can hurt your credit: With individual liability account...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Company is late in paying my corporate credit card statement - will it hurt my credit? [/INST] After doing some investigating, my employers contract with the credit card company has a clause...
<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 long do credit cards keep working after you disappear? [/INST] how can I keep my website running for posterity after I die? If this is the real problem, incorpor...
<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 long do credit cards keep working after you disappear? [/INST] Generally speaking the bank accounts and credit card accounts remain open. Banks and 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>> How to declare foreign gift of nearly $10,000 [/INST] Actually banks aren't required to (and don't) report on 8300 because they already report $10k+ ca...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Should I pay myself a dividend or a salary? [/INST] In cases like this you should be aware that tax treaties may exist and that countries are generally willing to enter into them. Their purpose is to help prev...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Capital gains and flow through tax treatment [/INST] For some reason this can result in either the flow through income being UNTAXED or the flow through income being taxed as a capital gains...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Precedent and models for 100% equity available via initial offering? [/INST] Founder makes available 100% equity, but uses a reasonable amount of the proceeds to pay...
<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>> Precedent and models for 100% equity available via initial offering? [/INST] Specifically I was wondering, how can the founder determine an appropriate val...
<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>> Can stock market gains be better protected under an LLC arrangement? [/INST] All corporate gains are taxed at the same rate as corporate income, for th...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Can stock market gains be better protected under an LLC arrangement? [/INST] The thing you get wrong is that you think the LLC doesn't pay taxes on gains when it sells assets. It does. In fact, in many countri...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Owned house for less than 2 years - 1031 exchange? [/INST] Yes, your realtor is a moron. (I am a realtor, and sorry you have such a bad one) Every industry has its good and bad. You really 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>> California tells me I didn't file documents for an LLC that isn't mine. What do I do? [/INST] Did it show just your address, or was your name on it as well? You didn...
<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 handle taxes on a very large “gift” from my employers? [/INST] You're right about your suspicions. I'm not a professional (I suggest you talk to a...
<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 handle taxes on a very large “gift” from my employers? [/INST] You should be aware that the IRS considers all gifts of cash or cash equivalent...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Online Return Policies [/INST] If you paid by credit card, file a dispute with the credit card company. They will credit you the money immediately while they investigate. The burden of proof will then be on th...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How can I set up a recurring payment to an individual (avoiding fees)? [/INST] I think about as close as you're going to get is to use a personal PayPal account, and set up a reminder to you...
<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 set up a recurring payment to an individual (avoiding fees)? [/INST] Ask your bank or credit union. Mine will let me issue recurring payments to anyone, el...
<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 set up a recurring payment to an individual (avoiding fees)? [/INST] Many U.S. banks now support POPMoney, which allows recurring electronic tran...
<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 set up a recurring payment to an individual (avoiding fees)? [/INST] A handful of well-known banks in the United States are part of the clear...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How can a freelancer get a credit card? (India) [/INST] Typically Banks look for a steady source of income or savings based on which they issue a credit card. If you can't show that build a cash balance and sh...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How can a freelancer get a credit card? (India) [/INST] The OP might have obtained his credit card by now but I'm answering now as there is one more easy way to get a credit card. All major ...
<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 a freelancer get a credit card? (India) [/INST] I don't know about India, but here in the US banks, and more friendly institutions such as credit unions, use...
<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 teach personal reconciliation and book balancing [/INST] If you are wanting to teach your kids basic accounting principles there is some good stuff ...
<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>> Determining the minimum dividend that should be paid from my S corporation [/INST] There are no dividends from S-Corp. There are distributions. Big dif...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Can expenses for attending stockholders meetings be deducted in U.S. income taxes? [/INST] Nope, not deductible. It's true that some investment expenses are deductible, mainly as "miscellaneous itemized expens...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How do I set up Quickbooks for a small property rental company that holds its properties in separate LLC's? [/INST] You need one "company file" for each company that you want to track throug...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Creating a Limited company while still fully employed [/INST] I was just thinking ahead, can I apply for Limited company now, while fully time employed, and not take...
<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>> Creating a Limited company while still fully employed [/INST] Can I apply for limited company now, while fully time employed, and not take any business unt...
<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>> Creating a Limited company while still fully employed [/INST] You can register a limited company and leave it dormant, that's no problem. You just need...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Best Practices for Managing Paper Receipts [/INST] I store all my receipts digitally, and make sure to input them into accounting program sooner than later, just so I don't forget about it. For practical purpo...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Using 2 different social security numbers [/INST] While I agree with keshlam@ that the gym had no reason (or right) to ask for your SSN, giving false SSN to obtain credit or services (includ...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Using 2 different social security numbers [/INST] Social security number should only be needed for things that involve tax withholding or tax payment. Your bank or 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>> offshoring work and tax dilemma [/INST] Generally for tax questions you should talk to a tax adviser. Don't consider anything I write here as a tax advice,...
<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>> Travel expenses for an out-of-state rental [/INST] While the question is very localized, I'll answer about the general principle. My main question is w...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Is this understanding of S-corp taxes correct? [/INST] I think you're misunderstanding how S-Corp works. Here are some pointers: I suggest you talk with a EA/CPA licensed in your state and get yourself educate...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Do Online Currency Exchanges' registration with the government guarantee safety and reliability? [/INST] Government registering of financial institutions usually is to make the government sa...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Virtual Terminal WITHOUT merchant account? [/INST] You would need to setup a company (even if it's just a sole proprietorship, in the US) to be able to apply for a 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>> declaring payments to a credit card for a shared expense [/INST] If this is a business expense - then this is what is called reimbursement. Reimbursement 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>> I'm thinking about selling some original artwork: when does the government start caring about sales tax and income tax and such? [/INST] First - get a ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> I'm thinking about selling some original artwork: when does the government start caring about sales tax and income tax and such? [/INST] If you sell through an intermediate who sets up the shop for you, odds a...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Maxing out HSA after maxing out Roth IRA [/INST] Unless the hypothetical fellow is immune to disease, and indestructible, with no risk of injury, the HSA is an ideal place for this money. It...
<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 a personal expense for an LLC partnership paid in one year and reimbursed in another? [/INST] You report it when the expense was incurred/accrued. Whic...
<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>> If I helped my friend to file taxes; can I represent her on a phone call with FTB? [/INST] In order for you to be able to talk to the FTB on someone's beha...
<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 are the costs to maintain an Inc? [/INST] According to this FAQ published by the state of Delaware, your annual filing fees will be: Anything abov...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Self-employment alongside full-time job [/INST] What you need to do is register as a sole trader. This will automatically register you for self assessment so you don't have to do that separately. For a simple ...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> “Occupation” field on IRS Form 1040 [/INST] It doesn't generally matter, and I'm not sure if it is in fact in use by the IRS other than for general statistics (like "this year 20% of MFJ ret...
<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 deduct personal loans or use them as tax “write offs?” [/INST] You will have to write it off as an offset of capital gains or as bad debt against personal inco...
<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>> Mortgage or not? [/INST] I often say "don't let the tax tail wag the investing dog." I need to change that phrase a bit to "don't let the tax tail wag the ...
<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>> Mortgage or not? [/INST] Better in terms of what? less taxes paid? or more money to save for retirement? In terms of retirement, it would be better for...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Mortgage or not? [/INST] Short answer: No. Longer answer: The only reason to move would be to get out of the condo and into a SFR of equal cost because condos can be quite difficult to sell and you don't reall...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Mortgage or not? [/INST] In addition to the other answers, I think you would also need to account for the increased utility and maintenance costs on the more expensive house. Typically it is...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Mortgage or not? [/INST] Here is something that should help your decision: Currently you are 57, suppose that means that you will still work for 10 years, and then b...
<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>> Mortgage or not? [/INST] A primary residence can be an admirable investment/retirement vehicle for a number of reasons. The tax savings on the mortgage 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>> Mortgage or not? [/INST] If you do as you propose you are going to get burned. You need to sell, then start to rent. amongst other things. Since 2008, ...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Mortgage or not? [/INST] Buy a rental property instead. You get tax benefits as well as passive income. And it pays for itself </s>
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Working out of India for UK company from 1 Jan 2016 on contract [/INST] Work under UK umbrella company. By this you are thinking of creating a new legal entity in UK, then its not a very gre...
<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 high down-payment on a house offset the need for proof of income? [/INST] It's difficult to provide an exact answer as this will very much depend on the bank &...
<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>> The equivalent of the standing order in the internet age for the UK specifically [/INST] A standing order is still the right way to do this. Most bank acco...
<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>> Generally Accepted Accounting Principles question [/INST] You recognize expense when you sell the hot dog. When you pay for the buns you have inventory...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How can I determine if a FHA loan refinance offer is from a reputable lender [/INST] In my book if it comes in the mail with official looking envelopes, language and seals to try and get you to open it, the co...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How can I determine if a FHA loan refinance offer is from a reputable lender [/INST] Start with the list of mortgage companies approved to work in your area. There are 80 within 10 miles of ...
<s>[INST] <<SYS>> Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. <</SYS>> Freelancer: Should I start a second bank account? [/INST] I feel the need to separate my freelance accounts from my personal accounts. Yes, you should. Should I star...
<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>> Automate Savings by Percentage on varying paychecks? [/INST] When I have been faced with this sort of situation I have done the split at the bank. They had...
<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>> Automate Savings by Percentage on varying paychecks? [/INST] You just need to average out the weekly hours and income over the year. So if his yearly i...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> How can I judge loan availability? [/INST] It sounds like your current loan is in your name. As such, you are responsible for paying it. Not your family, you. It also sounds like the loan payments are regularl...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> How can I judge loan availability? [/INST] Your credit rating will rise once the loan is repaid or paid regularly (in time). It will not get back to normal instantly. If the property is dead...
<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 freelance income earned by a U.S. citizen while living abroad subject to state income tax? [/INST] No state taxes, but Italy also has a favorable treaty with the ...
<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 freelance income earned by a U.S. citizen while living abroad subject to state income tax? [/INST] New York will want to you to pay taxes on income from...
<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 find out how much a currency is traded? [/INST] This is actually a fairly hard question to answer well as much of the currency trading that i...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Can a company charge you for services never requested or received? [/INST] In general, you can only be charged for services if there is some kind of contract. The contract doesn't have to be written, but you h...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Can a company charge you for services never requested or received? [/INST] No. A company cannot bill you for services you did not request nor receive. If they could, imagine how many people ...
<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 company charge you for services never requested or received? [/INST] I have had a couple of businesses do this to me. I simply ask them to come over to talk ab...
<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 a company charge you for services never requested or received? [/INST] Here's another example of such a practice and the problem it caused. My brother,...
<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>> Should I have more than one brokerage account? [/INST] I believe the answer here is no: SIPC protection of customers with multiple accounts is determin...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Should I have more than one brokerage account? [/INST] I use two different brokerages, both well-known. I got a bit spooked during the financial crisis and didn't want to have all my eggs in one basket. The SI...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Can I deduct taxes for home office as a freelance computer software developer? [/INST] This answer is assuming you're in the US, which apparently you're not. I doubt that the rules in the EU...
<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 deduct taxes for home office as a freelance computer software developer? [/INST] You can do it, provided that the bedroom is ONLY set up as an office. That is,...
<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>> Received a late 1099 MISC for income I reported already, do I have to amend? [/INST] Why would the IRS be coming after you if you reported the income? If 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>> How to correct a tax return filed electronically and already approved? [/INST] Simply file an amended return to correct the mistake. This happens all t...
<s>[INST] <<SYS>> Share your insights or perspective on the financial matter presented in the input. <</SYS>> Why do sole proprietors in India generally use a current account? [/INST] No. Current account is not a requirement. You can use savings account. You would need to pay taxes on interest. Savings account have li...
<s>[INST] <<SYS>> Offer your thoughts or opinion on the input financial query or topic using your financial background. <</SYS>> Why do sole proprietors in India generally use a current account? [/INST] Current account offers a lot of benefits for sole proprietors. Think of it like bank account for a company. The bank...