query_id stringlengths 32 32 | query stringlengths 6 3.9k | positive_passages listlengths 1 21 | negative_passages listlengths 10 100 | subset stringclasses 7
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|---|---|---|---|---|
d660d717a109dc59d1a7e06066083c7c | Business Expense - Car Insurance Deductible For Accident That Occurred During a Business Trip | [
{
"docid": "19a5eaff889e256c24b4d030e13e7d2c",
"text": "As a general rule, you must choose between a mileage deduction or an actual expenses deduction. The idea is that the mileage deduction is supposed to cover all costs of using the car. Exceptions include parking fees and tolls, which can be deducted s... | [
{
"docid": "5abf3aeec6c19bec0614fea89f34cc6f",
"text": "Business expenses reduce business income. The SE tax is paid on business income. The credit for 1/2 the SE tax is based on the amount of SE tax paid. So:",
"title": ""
},
{
"docid": "255ced4517b0b7d6b04e2db97cfaec4c",
"text": "The answe... | fiqa |
70c2e3744d2a0b41ec097ee751e8dafe | Hobby vs. Business | [
{
"docid": "475ff0dce200c39f9e5720194d86cca2",
"text": "Miscellaneous income -- same category used for hobbies.",
"title": ""
},
{
"docid": "0e0ae1e5e3f2fc011f870fc4b608327e",
"text": "\"You can list it as other income reported on line 21 of form 1040. In TurboTax, enter at: - Federal Taxes... | [
{
"docid": "2fca1facc06f3225c3ebc700424e3432",
"text": "Colloquially, there's no difference except for the level of risk (which is an estimate anyway). Classically, investment is creating wealth through improvement or production. Purchasing a house with the intent to renovate and sell it for a profit would... | fiqa |
3db0a7f9a497e0d28291892cac498064 | What are 'business fundamentals'? | [
{
"docid": "8e31f9a452a967f889442863ca55440f",
"text": "From http://financial-dictionary.thefreedictionary.com/Business+Fundamentals The facts that affect a company's underlying value. Examples of business fundamentals include debt, cash flow, supply of and demand for the company's products, and so ... | [
{
"docid": "ed8ac5cafaa4a0d9cf5ad7b74ff04938",
"text": "\"As other people have posted starting with \"\"fictional money\"\" is the best way to test a strategy, learn about the platform you are using, etc. That being said I would about how Fundamental Analysis works . Fundamental Analysis is the very basis o... | fiqa |
f9e4e829155c6ec88867db4ecf32fbb7 | 30% share in business | [
{
"docid": "c58daa07acae659b5335af1ae1dfa254",
"text": "Keep in mind a good lawyer will have the contract cover the five D's: Its really best to lay these things out ahead of time. I watched, first hand, two friends start a business. When they were broke and struggling the worked very well together. Then... | [
{
"docid": "cc91ea4c757c7222136a6d2fab185128",
"text": "Typically, preferred shares come with one or both different benefits - a disproportionate share of votes, say 10 votes per share vs the normal 1, or a preferred dividend. The vote preference is great for the owner(s) looking to go public, but not lose... | fiqa |
549010c3ced5bbf797d3b74d7032ebd3 | Using business check to pay at retail | [
{
"docid": "26380e834a3f492cf088ecc635f89079",
"text": "You can just buy the items personally and then submit an expense report to the company to get reimbursed. Keep all the receipts. Paying with a company check is also fine, but you might run into problems with stores not accepting checks.",
"title": ... | [
{
"docid": "eb1508ea931882b83665fb6c454f4549",
"text": "For an individual its not automatic. One needs to ask the Bank, return the check. For Corporate Customer depending on how big the relationship is, many a times this is given as a service and there is an automatic return",
"title": ""
},
{
... | fiqa |
e05f28875cd91bf8ed8341ca37ada0be | Starting a side business slowly | [
{
"docid": "b24c2f47bab3406acbccee0f70ab1d59",
"text": "\"This is a great question! I've been an entrepreneur and small business owner for 20+ years and have started small businesses in 3 states that grew into nice income streams for me. I've lived off these businesses for 20+ years, so I know it can be don... | [
{
"docid": "aacf84abf0e15e48cd79c9cdb7a0e26c",
"text": "\"Yes. There are several downsides to this strategy: You aren't taking into account commissions. If you pay $5 each time you buy or sell a stock, you may greatly reduce or even eliminate any possible gains you would make from trading such small amounts... | fiqa |
bbe13ca9c269fee66d303163f7d1020b | Valuing a small business to invest in | [
{
"docid": "576f7d951a779bdf0f9e1097102fbb92",
"text": "There is nothing fair / unfair in such deals. It is an art than a science. what kind of things should be considered, to work out what would be a fair percentage stake A true fair value is; take the current valuation of the company [This can be difficu... | [
{
"docid": "f0656add052a98a8db4a16389833068c",
"text": "Source, see if you have access to it Convertible notes are often used by angel investors who wish to fund businesses without establishing an explicit valuation of the company in which they are investing. When an investor purchases equity in a startu... | fiqa |
f23f5486c32226e833cf8245447d0a9c | How to Deduct Family Health Care Premiums Under Side Business | [
{
"docid": "ab8e5625963dace403b25188bb017acc",
"text": "\"No, not on schedule C, better. Its an \"\"above the line\"\" deduction (line 29 on your 1040). Here's the turbo tax article on it. The instructions for this line set certain limitations that you must take into the account, and yes - it is limited to ... | [
{
"docid": "15034ead9413735215f730cb5e1fe918",
"text": "\"HSAs as they exist today allow a person to contribute tax deductible money (like a traditional IRA) to a savings account. The funds in the savings account can be spent tax free for qualified expenses. If the money is invested it also grows tax free... | fiqa |
ec7a4c4c75b46a47ec0246312c7043b1 | 1040 Schedule A Un-Reimbursed Business Expense Reporting | [
{
"docid": "27be59dd2f4445169ef9d91862353b69",
"text": "It would be unusual but it is possible that the expenses could be very high compared to your income. The IRS in pub 529 explains the deduction. You can deduct only unreimbursed employee expenses that are: Paid or incurred during your tax year, For carr... | [
{
"docid": "b288f4246d6d89e0c58cf716df4993bd",
"text": "\"$500, this is called \"\"cash basis\"\" accounting. A large company might handle it otherwise, counting shipments/billings as revenue. Not you. Yet.\"",
"title": ""
},
{
"docid": "bae6e8d76b98b2ba96a5520be36c2c8f",
"text": "I believe ... | fiqa |
8fccf49c9401543e983aa8b159d0c07a | Car as business expense, but not because of driving | [
{
"docid": "2ec447312a423d5378550f6d87afb5a5",
"text": "\"To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expe... | [
{
"docid": "bacbe17f21b09d058f277e0c87cc31a0",
"text": "Keep this rather corny acronym in mind. Business expenses must be CORN: As other posters have already pointed out, certain expenses that are capital items (computers, furniture, etc.) must be depreciated over several years, but you have a certain amoun... | fiqa |
1b82bdf8ad2d371e754173bcc1f3e16b | Does revenue equal gross profit for info product business? | [
{
"docid": "aa7b71cc6b057f22d94322cc900cc157",
"text": "What about web-hosting fees? Cost of Internet service? Cost of computer equipment to do the work? Amortized cost of development? Time for support calls/email? Phone service used for sales? Advertising/marketing expenses? Look hard--I bet there are some... | [
{
"docid": "8f5439eccba9927dbad2c3edb01e31dd",
"text": "Such activity is normally referred to as bartering income. From the IRS site - You must include in gross income in the year of receipt the fair market value of goods or services received from bartering. Generally, you report this income on Form 1040, S... | fiqa |
089982ef8045087bf652197aa9f7f8a5 | As a contractor, TurboTax Business-and-Home or Basic? | [
{
"docid": "1a14a26662b5dddc3d1492462f1f4415",
"text": "\"Assuming you file state tax returns, you shouldn't buy Basic. Ever. Your choice is probably between the \"\"Premier\"\" version and the \"\"Business and Home\"\" version. Price difference is insignificant (I have a comparison on my blog, including sh... | [
{
"docid": "90bf0c014b7268f7f6404fa099240da9",
"text": "This may not exactly answer your question but, as a small business owner, I would highly recommend having a professional handle your taxes. It is worth the money to have it done correctly rather than doing something wrong and getting audited or worse h... | fiqa |
da7f3e1269362f8d93cdbfb49e385ac9 | Maintaining “Woman Owned Business” while taking on investor | [
{
"docid": "a7393fedd61034cf30f7d3d6cf02fc80",
"text": "To qualify as a woman owned business, a woman or group of women must own shares worth 51% of the business. If your investor was a woman, the entire 5% could come from her share of the company without affecting the 51% ownership requirement. Could you f... | [
{
"docid": "b618bb1f3e00f405cd448a8565847ae7",
"text": "From a quick google, apparently 5% of government contracts need to go to women- or minority-owned small businesses, with another 18% going to small businesses more generally. If your company was bumped, it was b/c they were on the bubble in terms of ... | fiqa |
c0fb0b52a3c014bf13425bcda5fc862b | Do I need to register as self employed in Ontario, Canada? | [
{
"docid": "a2449af7ae6b5038bbbe8a7aa1f5f66b",
"text": "If your business name is your name, you are automatically considered a sole-proprietorship and any income you generate and expenses you incur can be calculated on your personal tax return. You can use QuickTax Home & Business tax software to lead you t... | [
{
"docid": "bb4dc2382fe36b9c9d01a1e44edaee35",
"text": "IANAL (and nor am I an accountant), so I can't give a definitive answer as to legality, but AFAIK, what you propose is legal. But what's the benefit? Avoiding corporation tax? It's simplistic – and costly – to think in terms like that. You need to ru... | fiqa |
a3ab15eb1e420b26e6b8d57baefc8e49 | Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant? | [
{
"docid": "62eb9305ec5ccbdfe1d0dd52c7dd9840",
"text": "When you swipe your credit card, the terminal at the store makes a request of your bank, and your bank has only a few seconds to accept or reject the transaction. Once the transaction is accepted by your bank, it appears in the Pending transactions. At... | [
{
"docid": "f09e5df95d050feae1e745fb0c66f9bd",
"text": "Debit is them taking the money, in your case electronically. Credit is somebody vouching for you and saying you will pay later. They are alternate ways to pay for a product. As a merchant, if you take a credit card you are agreeing that a the issuer ... | fiqa |
d58db2e509043e9612cd31c00bd21ce4 | Ethics and investment | [
{
"docid": "a9ba213c322de36dbdb0fdaee716f0b8",
"text": "\"Are there businesses which professionally invest ethically? Yes. The common term for this is \"\"socially responsible investing\"\". Looking at that page and googling that term should provide you with plenty of pointers to funds to investigate. Of ... | [
{
"docid": "6d9785cd80cb5526be4badf850cac28e",
"text": "The problem is I can't do anything with those morals. I can't grow my company with it, I can't pay my employees with it and I can't buy things with it. You should he as moral as possible, but when you are so moral that you start making moral choices ... | fiqa |
c1b80d545b6476b50cdbfecc392935f9 | How to have a small capital investment in US if I am out of the country? | [
{
"docid": "f74cfd2c8a46f886fb3b125b25e254eb",
"text": "For $100 you better just hold it in Mexico. The cost of opening an account could eat 10% or more of your capital easily, and that won't be able to buy enough shares of an ETF or similar investment to make it worthwhile.",
"title": ""
}
] | [
{
"docid": "759e601171450b86a2054b66acd393e7",
"text": "\"I will add another point to ChrisinEdmonton's answer... I recognize that this is perhaps appropriate as a comment--or maybe 1/2 of an answer, but the comment formatting is inadequate for what I want to say. The magic formula that you need to underst... | fiqa |
5ebf4325f5c095bf977115c57a7d1c07 | Why are U.S. credit unions not open to everyone? | [
{
"docid": "804d74d4c77d11d2c304b590073b6ea6",
"text": "Credit unions are mutually-owned (i.e. customer owned) financial institutions that provide banking services. They take deposits from their members (customers) and loan them to other members. Members vote on a board of directors who manage operations.... | [
{
"docid": "541401c6f2ad9acc4ce8a6c50c729c65",
"text": "I've been with my credit union for 8 years now and I love it! I also don't deal with any of the problems you are talking about. I don't pay fees at any atm, at least not ultimately. If an atm charges me a fee then it's refunded to me at the end of the ... | fiqa |
348ec50425e894d769873c9afd7ef51d | Ways to invest my saved money in Germany in a halal way? | [
{
"docid": "39a433a84ddadd612b78e80c78d4808f",
"text": "\"The UK has Islamic banks. I don't know whether Germany has the same or not (with a quick search I can find articles stating intentions to establish one, but not the results). Even if there's none in Germany, I assume that with some difficulty you cou... | [
{
"docid": "fb7489191787be6458bb24d48707cb7c",
"text": "You are not limited in these 3 choices. You can also invest in ETFs, which are similar to mutual funds, but traded like stocks. Usually (at least in Canada), MERs for ETFs are smaller than for mutual funds.",
"title": ""
},
{
"docid": "2fc1... | fiqa |
63f2c8cab98f8f2792e25c3292582b9c | Are banks really making less profit when interest rates are low? | [
{
"docid": "5d7cffc6473a5e945a5e089e0fb84d00",
"text": "profit has nothing to do with the level of interest rates. Is this correct? In theory, yes. The difference that you're getting at is called net interest margin. As long as this stays constant, so does the bank's profit. According to this article: As lo... | [
{
"docid": "1279c20458071181639872766799d542",
"text": "What you say about monetary velocity is true, but I don't think its the whole story. Banks also create money by lending out their deposits: if I put $1000 in my account, and the bank lends out $500 of it, I still have my $1000 on deposit but someone el... | fiqa |
10de8274aa921e88acf8a7a713610395 | UK limited company and personal bank account | [
{
"docid": "281ead90b48ee598552183e72ee93263",
"text": "I don't think there is a legal requirement that you need a separate bank account. Just remember that you can only take money from your LLC as salary (paying tax), as dividend (paying tax), or as a loan (which you need to repay, including and especially... | [
{
"docid": "fcea0195c525dd15d0979228c8159f02",
"text": "Use a limited company. Use the HMRC website for help on limited companies and get a good accountant for doing your taxes. Mixing your website income and personal income may make you pay a higher tax rate. You can take out expenses from the limited com... | fiqa |
840798a92d15f94f6f8c4b07a3a9d7ef | What are the tax consequences if my S corporation earns money in a foreign country? | [
{
"docid": "e9b1750861a184a70777dda66fa97951",
"text": "\"Be careful here: If ACME were in California, I would pay taxes on USD 17,000 because I had revenue of 20,000 and expenses of 3,000. To CALIFORNIA. And California taxes S-Corps. And, in addition, you'd pay $800 for the right of doing business in the... | [
{
"docid": "50096e4fb5fbc967e77618ddb3453157",
"text": "Oh I see - then yes I agree with you. Even if it was a foreign company in that situation, they should pay taxes. But in regards to the concept of repatriated profits, that has to do with profits generated outside of the borders...",
"title": ""
... | fiqa |
34569089de8c9b90149739b72f858e0e | How to reconcile a credit card that has an ongoing billing dispute? | [
{
"docid": "9798257382abe1279226130c288f7543",
"text": "You could make an entry for the disputed charge as if you were going to lose the dispute, and a second entry that reverses the charge as if you were going to win the dispute. You could then reconcile the account by including the first charge in the re... | [
{
"docid": "0fe8ad531b8303ea06ea6b21256025fe",
"text": "I don't believe Saturday is a business day either. When I deposit a check at a bank's drive-in after 4pm Friday, the receipt tells me it will credit as if I deposited on Monday. If a business' computer doesn't adjust their billing to have a weekday du... | fiqa |
1402d60ef7d114c5c5e6a3c04e87e4a1 | What are the implications of lending money to my sole member S-corp? | [
{
"docid": "c7ccfc0ee74c3d60626c894c2cdc1452",
"text": "You can make a capital contribution, not a loan. It's not a taxable event, no interest, and you can take a distribution later when the business has the money to pay you back. So yes, transfer the money. If you use software like Quickbooks, make use of ... | [
{
"docid": "ecb00e05bf09c78b463c0b7c134741d3",
"text": "\"It should be pretty obvious that without knowing what sort of assets the company owns, and what sort of net earnings are being generated it's impossible to say what a $20k equity investment should get you in terms of ownership percentage. With that... | fiqa |
75cbabef2d7b46e879e0909a08e53eb0 | How to find out if a company has purchased government (or other) bonds? | [
{
"docid": "60e096d50149b10d70b6d360eeb8e2f8",
"text": "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 cash/cash equivalents will be in liquid bonds. You may find more specific details in the company SEC filings (annual reports... | [
{
"docid": "4ad78c252c10c6b6a1ea91d8e2332a20",
"text": "\"A company whose stock is available for sale to the public is called a publicly-held or publicly-traded company. A public company's stock is sold on a stock exchange, and anyone with money can buy shares through a stock broker. This contrasts with a ... | fiqa |
989a8a0f2e042eeed3c9c38dc6a6864a | Quickbooks custom field for computing a value | [
{
"docid": "7a6d1ce5a9f319a672629b90a457d4d3",
"text": "Custom fields are limited to non-calculated values. Read more here: http://qbblog.ccrsoftware.info/2008/07/custom-fields-in-quickbooks/ To do this you will need an add-on. I would reccomend CCRQInvoice, but only because its the only one I've tried a... | [
{
"docid": "0f8bff4246bf5e8c9e8ded7affa5caa8",
"text": "\"Gnucash is first and foremost just a general ledger system. It tracks money in accounts, and lets you make transactions to transfer money between the accounts, but it has no inherent concept of things like taxes. This gives you a large amount of flex... | fiqa |
c6ffe18e843d7337cdf7bf853d13e6b7 | Transfering funds from India to the US | [
{
"docid": "6a4255273eee969a2c2fd7c5a4996127",
"text": "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 Management Act. Loans in rupees to non-residents against security of shares or immovable pr... | [
{
"docid": "a37ba433298a25962301a4c5df8a2d03",
"text": "You haven't indicated where the funds are held. They should ideally be held in NRO account. If you haven't, have this done ASAP. Once the funds are in NRO account, you can repatriate this outside of India subject to a limit of 1 million USD. A CA certi... | fiqa |
5ea5870576182cc8b1a6ffdb24cedae8 | How May Cash be Spent Approaching Bankruptcy? | [
{
"docid": "989aaf6bbf20eba8bb856f0d21b398b8",
"text": "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 file. Your lawyer can advise you whether actions you contemplate are allowed. You can obtain advice prior to filing as... | [
{
"docid": "70e04ae623489ace987557576c29b943",
"text": "Banks can't simply make loans in the void. This is how the cash flow works, generally: 1. Depositers *add* cash into the bank. The Bank now has cash. 10% of that cash is held on *reserve* per law. This cash is held on the balance sheet as an *asset* (... | fiqa |
b07ce295ab0cdebf84df42a43eb42461 | LLC in states with customers with and without employees in the state | [
{
"docid": "776d1b6aa23bf68f4ab21bf947292452",
"text": "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 register an LLC or file my current one as a foreign entity in Utah? Yes, since you've established presence in Utah. You'll register your cur... | [
{
"docid": "eb2a95119679e24f2467dcdd08ca9b5b",
"text": "Your question mixes up different things. Your LLC business type is determined by how you organize your business at the state level. Separately, you can also elect to be treated in one of several different status for federal taxation. (Often this auto... | fiqa |
0e9aef81217272e21be61e9f0ac33f77 | Why does the Brexit cause a fall in crude oil prices? | [
{
"docid": "4f36107f1dd32de8bf61061bd5578b52",
"text": "\"Uncertainty has very far reaching effects. Oil is up ~100% since February and down ~40% from it's 52 week high (and down even more on a longer timeline). It's not exactly a stable investment vehicle and moves a few percent each day on basically no... | [
{
"docid": "18db0e4ca9c70f63f9dfd4813596faf3",
"text": "\"I'll take a stab at this question and offer a disclosure: I recently got in RING (5.1), NEM (16.4), ASX:RIO (46.3), and FCX (8.2). While I won't add to my positions at current prices, I may add other positions, or more to them if they fall further. ... | fiqa |
646251ab6cb4cde5eba07ac1859991ee | Executor of will | [
{
"docid": "51ff210841af2772f24754daf33e7bf7",
"text": "I strongly doubt that being executor will make the assets of the estate vulnerable to a suit against him personally. The estate is it's own separate legal entity with its own TIN. Only creditors against the estate itself can make claims against it and ... | [
{
"docid": "929316683fa35e9a0e9f86e94cf91880",
"text": "\"Most states have a \"\"cap\"\" on the amount a \"\"heir finder\"\" can charge for retrieving the property. It is generally around 10%. Even if the state does not have a particular statute you can usually negotiate the rate with the company. Thirty... | fiqa |
9c102b33a2ace4b289b13d1ffaa1e1bd | Is a robo-adviser worth the risk? | [
{
"docid": "87a9f1d455a99760f43c4389b1a0863d",
"text": "If you are looking for an advisor to just build a portfolio and then manage it, a robo-advisor can be beneficial (especially if the alternative is doing it your self, assuming that you are not well versed in the markets). The primary risk with one is t... | [
{
"docid": "934db7ebe0f517eaa0042ab40cbaf8e8",
"text": "Totally agree. Autonomous cars can **increase margins** in the insurance industry since there will be fewer claims. **for Geico - less administration and higher margins. Buffet is probably ecstatic.** Edit: Not saying that this is in the best in... | fiqa |
3dfd234ac9a8c92cf4af219d305ee408 | Does setting up a company for your own improves credibility? | [
{
"docid": "b228fd9c49d849a76e562c6128b35a42",
"text": "The key here is that you are defacto running your own company no matter if you acknowledge it or not. In the end these questions have the goal of deciding if you can and will repay the loan. Presumably you filed taxes on your income. These can be sh... | [
{
"docid": "eb56519181d6a8e65c0ce3a6d39eb5d7",
"text": "Yep. Look at Market Basket's current debacle as a prime example. On NPR someone's opinion was that it works (there's many family-owned/run companies), but there's family issues (power disputes, control, vision, etc.) which if aren't managed/sort well c... | fiqa |
1fd3e4540a8230043a6deb0c62243b70 | In your 20s how much money should you have and how to properly use & manage it? | [
{
"docid": "e52bc2668eb149758d54afde4e70f428",
"text": "You need a budget. You need to know how much you make and how much you spend. How much you earn and what you choose to spend you money on is your choice. You have your own tolerance for risk and your own taste and style, so lifestyle and what you own... | [
{
"docid": "af223850d5c390d6a986d4bdb93cfedf",
"text": "Establish good saving and spending habits. Build up your savings so that when you do buy a car, you can pay cash. Make spending decisions, especially for housing, transportation and entertainment, that allow you to save a substantial portion of your in... | fiqa |
19ca0d87b579c9379fa4b71994ab41cc | How to Transition From Employee to Employer? | [
{
"docid": "23632ffc0b7fb4c5e54dc104e775b87e",
"text": "Having been both I see the pros and cons Employers: I personally hated all the paperwork. Government forms, legal protection, insurance, taxes, payroll, accounting, year ends, bank accounts, inventory tracking, expenses. The best bosses don't worry ab... | [
{
"docid": "942b2498730d6afbcc0e772d0157b9ff",
"text": "It depends on your employer. They may not care to pursue matters if you don't give enough notice. They might be happy to see you go. Or they might be really sad to see you go, but not feel like they need to punish you. Or they might be really angry to ... | fiqa |
bd96b1e039cc5af85e2cd29dc53ffda3 | Value investing | [
{
"docid": "547c5288c6257859afa48a19b2a24f88",
"text": "\"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 this question and I think the answer here will help answer the other questions. Here is a incomplete list of the challe... | [
{
"docid": "70591461ef9fce7e7b32b7b259bf14f6",
"text": "The quant aspect '''''. This is the kind of math I was wondering if it existed, but now it sounds like it is much more complex in reality then optimizing by evaluating different cost of capital. Thank you for sharing",
"title": ""
},
{
"do... | fiqa |
e654c6e0410d1ace3a1140d4a6493bd9 | Can I locate the name of an account holder by the account number and sort code? (U.K.) | [
{
"docid": "1106f53035aa74ff20d51f8c9d233ccc",
"text": "\"No, the best you can do is (probably) determine the bank, from the sort code. using an online checker such as this one from the UK payments industry trade association. Revealing the name of an account holder is something the bank would typically requ... | [
{
"docid": "8e67b6911d14a79d53b0b47b4fdd2ac1",
"text": "\"Accounts track value: at any given time, a given account will have a given value. The type of account indicates what the value represents. Roughly: On a balance sheet (a listing of accounts and their values at a given point in time), there is typical... | fiqa |
90978b2d56358d6c73bd33a51952f2be | Opening and funding an IRA in three days - is this feasible? | [
{
"docid": "28c015e40f21afd564d8efc574e4880e",
"text": "Some banks and credit unions have IRA accounts. They pay interest like a savings account or a CD but they are an IRA. After the 15th you can roll them over into a IRA at one of the big investment companies so you can get invest in an index or Target Re... | [
{
"docid": "ded0e3e2ae24f3120d1de379d488bdd6",
"text": "\"You are not wrong - just about anything can be charged and paid off in 30 days with a sale of non-liquid investments. So there are not any emergencies I can think of that require completely liquid funds (cash). For me, the risks are more behavioral ... | fiqa |
87b1c1d2ac9e7d5271e914fb1fef8d01 | How does one's personal credit history affect one's own company's credit rating? | [
{
"docid": "ed6909b1d2486a0cd9e6aaf638528c16",
"text": "\"For a newly registered business, you'll be using your \"\"personal\"\" credit score to get the credit. You will need to sign for the credit card personally so that if your business goes under, they still get paid. Your idea of opening a business car... | [
{
"docid": "88fde363be152b7f7dd7406505cf9fb2",
"text": "FICO score tracks credit, not checking or savings. Unless there was a credit line attached, no impact at all.",
"title": ""
},
{
"docid": "160c33cef70d54dbee73af39f0c42327",
"text": "No. I have several that I haven't used in a year or ... | fiqa |
1255b8cd0e82965bb5b3c4500de8330b | How do you report S-corporation Shareholder loans / capital contributions? | [
{
"docid": "dc0f5b39efa96f612d974c9271078571",
"text": "As the owner of the S-corp, it is far easier for you to move money in/out of the company as contributions and distributions rather than making loans to the company. Loans require interest payments, 1099-INT forms, and have tax consequences, whereas the... | [
{
"docid": "cdf88af3f4a06fb4676cd304af9accb7",
"text": "Exec Insiders have to file with the SEC and some sites like secform4.com track it. But many insiders have selling programs where the sell the same amount every month or quarter so you would have to do your homework to determine if there are real signal... | fiqa |
463e22ab662e633c7ded29055311a5fa | Owned house for less than 2 years - 1031 exchange? | [
{
"docid": "faa34371d5e2536da37e935804852217",
"text": "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 should find a new realtor, a good one. You know the 1031 exchange is for rental property only. And that saving $2000 isn'... | [
{
"docid": "10e458738a27e9fc183cb73f5ba96c9f",
"text": "\"Disclaimer: I am neither a lawyer nor a tax-expert This page on the HMRC site lists several pages that appear to be relevant, starting with CG78401 - Foreign currency: delayed remittances and on to CG78408 - Foreign currency: example which seems pert... | fiqa |
562a8138443d05f8cf5a2249ad752e3e | Determining the minimum dividend that should be paid from my S corporation | [
{
"docid": "da9ecf6147e0082b20047381cdb41141",
"text": "\"There are no dividends from S-Corp. There are distributions. Big difference. S-Corps fill form 1120S and schedule K-1 per shareholder. In the schedule all the income of your S-Corp will be assigned to various categories that you will later copy to yo... | [
{
"docid": "e86ce0a96fa86c9a6148bec403e66783",
"text": "\"The $100,000 is taxed separately as \"\"ordinary income\"\". The $350,000 is taxed at long-term capital gains of 15%. Capital gains is not taxed at 20% until $415,050. Even though $100,000 + 350,000 = $450,000, only $350,000 can be taxed at capital g... | fiqa |
4efaff3bfe6b10763e4e59a184ded7df | Best Practices for Managing Paper Receipts | [
{
"docid": "f544b73053ef55810b85675372d3150a",
"text": "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 purposes, the two important things are: Any kind of a digital system makes this pretty easy, even j... | [
{
"docid": "b941ec8a64dd8a7efd3690dab33cd768",
"text": "Try the following apps/services: Receipt Bank (paid service, gathers paper receipts, scans them and processes the data), I've tested it, and it recognizing receipts very well, taking picture is very quick and easy, then you can upload the expenses into... | fiqa |
c8cfc05bef90726ed9bfbb0a91380e15 | Travel expenses for an out-of-state rental | [
{
"docid": "ee21749916f89670ecfa90cfb2e9c360",
"text": "\"While the question is very localized, I'll answer about the general principle. My main question is with how far away it is (over 1000 miles), how do I quantify the travel expenses? Generally, \"\"necessary and ordinary\"\" expenses are deductible. ... | [
{
"docid": "33605c894c6520ec288ce3cfc68ac6f0",
"text": "Does allowing family to stay at the rental jeopardize my depreciation? No, accumulated depreciation that hasn't been deducted reduces your basis in the event of sale. That doesn't go anywhere. Accumulating more may not be allowed though. If the proper... | fiqa |
6d082b2f95fbd4b5cdebb1a59fe58e6b | Do Online Currency Exchanges' registration with the government guarantee safety and reliability? | [
{
"docid": "bc0682855ab73115a7ab506f3c255162",
"text": "\"Government registering of financial institutions usually is to make the government safe (eg FINTRAC is watching for money laundering and financing terrorism) rather than to make it's customers safe. Most governments have many levels of registrations... | [
{
"docid": "ccef86861b5918e8ad02925f6b4ea9c4",
"text": "Is there not some central service that tracks current currency rates that banks can use to get currency data? Sure. But this doesn't matter. All the central service can tell you is how much the rate was historically. But the banks/PayPal don't care ... | fiqa |
3bce6e2c511d49609f57014e69899d14 | How to send money across borders physically and inexpensively, but not via cash? | [
{
"docid": "c9d6be6f0e86bffd710cc7970c6d52dc",
"text": "Traveller's cheques. That's exactly what they were intended for. Their usage has dropped a lot since everyone can use ATMs in foreign countries, but they still exist.",
"title": ""
},
{
"docid": "0c2dfe34ea55af11139b3dade5f2cb38",
"text... | [
{
"docid": "7b0abf889b5f4d92b0380f441a712a5d",
"text": "A USD bank draft from any of the major Canadian banks is a good solution. They clear quickly in the U.S. I use them frequently and have never had a problem depositing them in a U.S. bank account. If you carry more than $10k across the border, even as ... | fiqa |
5f03073d28b8ad4c919e89b4504da25c | Ballpark salary equivalent today of “healthcare benefits” in the US? | [
{
"docid": "6135c8f670db1a6b12cf072836c41264",
"text": "\"As a contractor, I have done this exact calculation many times so I can compare full time employment offers when they come. The answer varies greatly depending on your situation, but here's how to calculate it: So, subtracting the two and you get I'v... | [
{
"docid": "37660afb22d17741b9cf2f5567a034bd",
"text": ">and healthcare (and not sending them into poverty because of it) Healthcare in America is both the least effective and most expensive than any other developed nation. People go into poverty trying not to die on a daily basis, because our healthcar... | fiqa |
ee50e68d3dd6e6ab7ccc97c212458bda | Save money in company for next year | [
{
"docid": "33815eb947ceaf1d6ce9d49424d4d5eb",
"text": "As was once famously said, Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes. — Benjamin Franklin, 1789 It's very likely that either the ... | [
{
"docid": "cfc47ffc8876a35795d33d3b1eec2905",
"text": "It's important to remember what a share is. It's a tiny portion of ownership of a company. Let's pretend we're talking about shares in a manufacturing company. The company has one million shares on its register. You own one thousand of them. That m... | fiqa |
528234e22d7edbecc89611d8f82635f3 | Options on the E-mini S&P 500 Futures at the CME: what's the expiry date of the underlying future? | [
{
"docid": "befc5e32beb333b71ded5cf3f93981d1",
"text": "\"I don't see EWQ6 in any of your links, so I can't say for certain, but when you buy an option contract on a future, the option will be for a specific future (and strike). So the page you're looking at may be for options on E-mini S&P 500 futures in ... | [
{
"docid": "f4987bb0da86c46f6b8b5e7fefc77df9",
"text": "Stumbled upon this question, I've found the updated dates for 2016 and 2017 in a more permanent location. https://www.nyse.com/markets/hours-calendars",
"title": ""
},
{
"docid": "705edc8917c352edfecb5356b6058ef2",
"text": "I'm not enti... | fiqa |
7fe2adece03a542541107e1c2c05ffed | If the former owner of my home is still using the address, can it harm me? | [
{
"docid": "786c59e47191338a9ea67a111bbb1567",
"text": "Give it to your mailman to return to sender. For this kind of material, return service is always requested, and it will let the bank know that they have incorrect address information. If the owner needs the cards, he'll contact the bank, or the bank wi... | [
{
"docid": "0572d8145317a4ad82e1ea9467de9d01",
"text": "I have prepared a report on scam's like this. I'd be happy to deliver a copy of the report to your home. Just give me your address and mail me the keys to your house and I'll drop by and leave it in your home. Oh, and tell me a time when you won't be h... | fiqa |
41d6c57606c52bbf1d05487103e83b1c | Can I deduct the cost of software and/or computer that I need to do my job? | [
{
"docid": "a1041cb736e051ec679ade47727045f5",
"text": "\"Yes, this is a miscellaneous itemized deduction. https://www.irs.gov/publications/p529/ar02.html For this to impact your taxes, you have to be itemizing deductions (have total deductions greater than standard deduction), and the total of all miscella... | [
{
"docid": "cc3d72cea66b4c20804b5df84eda7558",
"text": "I'm assuming you are in the US here. From a tax perspective you don't need to take any action to start a business and deduct expenses. If you have earned income coming from a source other than a W2 paying job, then you have a business. On your taxes,... | fiqa |
68608031ccdd3f689d935302e591f48a | Is this reply promising a money order and cashier check a scam? | [
{
"docid": "7ef100bc0d7e435fdc5fbb103eef4366",
"text": "\"It's a scam. The cashier's check will be forged. Craigslist has a warning about it here (item #3). What kind of payment do you think is not fakable? Or at least not likely to be used in scams? When on craigslist - deal only locally and in person. Y... | [
{
"docid": "b5825b7937a3c46f4dad210d283bc7aa",
"text": "Also see who has the authority to delete bills or items on bills. This was a huge scam with some servers I've worked with. If you can delete an entire bill that was paid in cash then that's money in your pocket.",
"title": ""
},
{
"docid": ... | fiqa |
cf0851c0a2d53a40947d7daa73ffaaee | How to avoid maintenance fee when balance drops below minimum? | [
{
"docid": "d0a0cf5385af2ce94620b5ad4c36a38c",
"text": "Looks like you have three options: Outside of this you might need to look for a different type of account. Hope that helps.",
"title": ""
}
] | [
{
"docid": "f52db782d7f454a32f753ee772bfb8bb",
"text": "Paying weekly to be able to have maneuver room under your credit limit is a way to handle low credit limits. Doing it to boost your credit score when you have no immediate need for a loan is wasting energy. A few months in advance of buying a car or h... | fiqa |
52052958fbad7566ee7853d334a54ff7 | Friend was brainwashed by MLM-/ponzi investment scam. What can I do? | [
{
"docid": "288d276228f14c790a00ed38f2cbcab0",
"text": "Go to the police. This is fraud and is illegal. Sure, this will hurt your friend but better now then when he starts abusing of his position to fraud even more people... Original comment by Bakuriu sorry for not giving credit",
"title": ""
},
{
... | [
{
"docid": "74a47b8b12f7afd06fd333b7b5426df5",
"text": "The thing that gets so many people is that multilevel marketing isn't inherently a scam. It has all of the potential that they try to sell you on. It just so happens that every friend you have doesn't have an infinite supply of friend networks complete... | fiqa |
0ab4298b8106d259eeb42659318b2134 | How to handle missing W2 from failed direct deposit only company? | [
{
"docid": "55b2e971e9b595c7abcc28b01ad0078c",
"text": "Yes, there's a way. I actually wrote a blog post about it. Its a new service from the IRS which allows you pulling your account online. IRS also has an instruction page just for this case here.",
"title": ""
}
] | [
{
"docid": "34fe1827bcc69fdc3fcd8379b228bad4",
"text": "As others have said, make sure you can and do file your taxes on a cash basis (not accrual). It sounds like it's very unlikely the company is going to issue you a 1099 for invoices they never paid you. So you just file last year's taxes based on your i... | fiqa |
b0e36be29f67a363c45510b1fe5dd2fe | Should I finance rental property or own outright? | [
{
"docid": "a7636e6bc2fd3e6df338ba31d13496e8",
"text": "To answer some parts of the question which are answerable as-is: Yes, mortgage interest is deductible. So is depreciation. See this question and others. It would be a good idea to put some money away for tax season, just as you should save some money t... | [
{
"docid": "7afe1fea85b8fbd92dabd49aec409b5d",
"text": "With student loans at 2%, I wouldn't pay a dime over minimum on that, and I certainly wouldn't sell an investment property to pay them off, you can get CD's that beat 2% interest. With the rentals, you could sell the one that isn't performing as well a... | fiqa |
a4f2a82349603cdb5b5309a7e2a56484 | Does this sound like a great idea regarding being a landlord and starting a real estate empire? | [
{
"docid": "ec9961d911a037f952f77576264d16a0",
"text": "The idea you present is not uncommon, many have tried it before. It would be a great step to find landlords in your area and talk to them about lessons learned. It might cost you a lunch or cup of coffee but it could be the best investment you make. ... | [
{
"docid": "cdc8ee4b63ae9ac426fd4dad8942a239",
"text": "Huh, well it's working for me. I've got 3 properties and am a little over 25% of my goal to never work again. How would you suggest one get rich? I assume you have a better plan than he does?",
"title": ""
},
{
"docid": "3bc46add7bfe3ee10e... | fiqa |
681e2130ec94c004b4e1f47192943889 | Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India? | [
{
"docid": "2335c529b2a79cd1f83f13f9d7143e9a",
"text": "You can receive money directly into your savings bank account. It is perfectly legal. FYI the Bank as part of regulation would report this to RBI. As the funds are received for the services you have rendered, You are liable to pay tax on the income. Th... | [
{
"docid": "53bf4107ad51b4faddf73e9e30b2330c",
"text": "Staying out of India for a certain duration on a year (financial year) deems one to be considered NRI (non-resident Indian). NRIs are not taxed under Indian tax law as they are deemed subject to the resident country tax laws, so for NRI there is no tax... | fiqa |
61e8fdd57f4ed17904cc8107b645d947 | When does Ontario's HST come into effect? | [
{
"docid": "7d3077586f1ca10a37851e7b9c4f23a8",
"text": "\"It looks like the HST will be in effect in Ontario on July 1st, 2010. As to whether it will replace GST with HST for all services, it looks like some sectors may get special treatment: Ontario may exempt mutual funds from HST (National Post). But ... | [
{
"docid": "ce25b1830452e713b8ff2b84a9d71f11",
"text": "\"Mutual funds generally make distributions once a year in December with the exact date (and the estimated amount) usually being made public in late October or November. Generally, the estimated amounts can get updated as time goes on, but the date doe... | fiqa |
0a0d785d559cc04a233ab1a30d6a6115 | Automatic transaction on credit card to stay active | [
{
"docid": "c994e56fbf8994af3ecd8cec6f6ab0b7",
"text": "Put one of your monthly bills on it. (Utility bill, Netflix, monthly donation to charity, etc.) I have several automatic, recurring monthly charges on my credit card. If you don't have any current monthly bills that you want to switch, contact the Red... | [
{
"docid": "46b26494beacf4d3c775ea55659accb4",
"text": "\"If you enter the transactions as you execute them (and categorize them then), Quicken will attempt to Match downloaded transactions with ones already in the register. \"\"Memorized transactions\"\" with known parties can also help. My credit card do... | fiqa |
df4c8e1e8fcd863176182074096716a8 | How quickly does short float ratio/percent change? | [
{
"docid": "e8b3c1cca904587c28af58db32522868",
"text": "The short float ratio and percent change are all calculated based on the short interest (the total number of shares shorted). The short interest data for Nasdaq and NYSE stocks is published every two weeks. NasdaqTrader.com shows the exact dates for w... | [
{
"docid": "22d688f1402e8f49f666d9a6935b39a0",
"text": "The volatility measures how fast the stock moves, not how much. So you need to know the period during which that change occurred. Then the volatility naturally is higher the faster is the change.",
"title": ""
},
{
"docid": "5d0b360de7d5745... | fiqa |
12c1cc42a2692514e14399f3e954cf97 | Taxes on transactions of services | [
{
"docid": "a5280605812e2385284b2802e8d5a509",
"text": "Do Alice and Bob have to figure out the fair market value of their services and report that as income or something? Yes, exactly that. See Topic 420. Note that if the computer program is for Bob's business, Bob might be able to deduct it on his taxe... | [
{
"docid": "48aa72e0f6ae4c58204f8d146c9af0b7",
"text": "All Bank fees were included in the service tax ambit [For example Check bounce, issue of duplicate statement, fees charged for remittance etc]. However as quite a few Banks structured the Remittance Business to show less charges and cover the differenc... | fiqa |
e0da94234e6bdc07c995fd5ae340c2e7 | Federal taxes for nonresident alien whose only income in 2016 was a 2015 state tax return | [
{
"docid": "819197acdc0e88afc44350dcccd999eb",
"text": "\"I believe you have to file a tax return, because state tax refund is considered income effectively connected with US trade or business, and the 1040NR instructions section \"\"Who Must File\"\" includes people who were engaged in trade or business in... | [
{
"docid": "71895907b50a404d9be614264fbc3feb",
"text": "I did the reverse several years ago, moving from NH to MA. You will need to file Form 1-NR/PY for 2017, reporting MA income as a part-year residence. I assume you will need to report the April capital gain on your MA tax return, as you incurred the gai... | fiqa |
b88d65d16f532ae4b94dec03d21c3f1a | Money Structuring | [
{
"docid": "4dda835616037c706767369d1efac27a",
"text": "\"See \"\"Structuring transactions to evade reporting requirement prohibited.\"\" You absolutely run the risk of the accusation of structuring. One can move money via check, direct transfer, etc, all day long, from account to account, and not have a re... | [
{
"docid": "efc0e864bbf6af6afaa295022d4b712f",
"text": "Illustrating with a shorter example: Suppose I deposit 1,000 USD. Every year I deposit another 100 USD. I want to know how much money will be on that savings account in 4 years. The long-hand calculation is Expressed with a summation And using the f... | fiqa |
86e8ca6d602222dc3b05f55a1adb3c87 | If I have some old gold jewellery, is it worth it to sell it for its melt value? | [
{
"docid": "6037ff42319cd1cf7e2b0d25c9f5ca62",
"text": "Get your jewelery appraised. (Don't let whoever does the appraisal be the same person whom you would sell it to.) Logically jewelery must be worthy more than the raw gold that makes it up because somebody took the time to design patterns and do specia... | [
{
"docid": "6522950c19c9bdd002c6744ecb57c923",
"text": "Gold since the ancient time ( at least when it was founded) has kept its value. for example the french franc currency was considered valuable in the years 1400~ but in 1641 lost its value. However who owned Gold back then still got value. The advantag... | fiqa |
8db844da54728d479c35f41c0306280b | Do overall 401(k) contribution limits sum across employers? | [
{
"docid": "17567bfba349e7d795986a3fd177a416",
"text": "Let me first start off by saying that you need to be careful with an S-Corp and defined contribution plans. You might want to consider an LLC or some other entity form, depending on your state and other factors. You should read this entire page on the... | [
{
"docid": "dd6594706f052ac08543872e93f6c545",
"text": "\"Many employees don't contribute enough to maximize the match, so the cost to the employer is not the same. Under the 50% of 6% strategy an employee contributing 5% would get a 2.5% match not a 3% and that saves the company 0.5%. @TTT provided an exc... | fiqa |
e919134a1d0e4e73792dca04bbdfc737 | Indie Software Developers - How do I handle taxes? | [
{
"docid": "7c467e2bc902538d35e0293e83752506",
"text": "I think the best advice you're going to get on the subject is: If you made $250k in half a year, you definitely have enough to hire an accountant! Get professional help on the subject, and they'll make sure you don't end up getting in any legal troubl... | [
{
"docid": "2412c5cd1130f007f6f068e6b280e2b3",
"text": "\"You're confusing so many things at once here...... First thing first: we cannot suggest you what to do business-wise since we have no idea about your business. How on Earth can anyone know if you should sell the software to someone or try to distribu... | fiqa |
580b3834e8189e555e2b97e4d99e0208 | How Do Scammers / Money Launderers Profit From Loans To Victims | [
{
"docid": "69386b7437581a5abdd8645b54d608be",
"text": "\"What was the true reason they wanted to use my accounts for? We wouldn't know the true reason. The scammer can do multiple things. What exactly he would do in your case ... I am very eager to know what a person was up to who would give to me so much ... | [
{
"docid": "56a97c40c97da11fcdc1e59da7c53531",
"text": "I'd imagine it is the same for an adult. The money probably gets withdrawn and that's it. However, if the scammer were to go to a branch in person, I'd imagine there would need to be some sort of photo identification to withdraw money. If it were onli... | fiqa |
4454fe40b34b6d712111a62c0b5a1059 | How much tax do I have to pay in Redmond, Washington form my Microsoft Research Internship income? | [
{
"docid": "3e00c1083e5d0f95b58bbdb1a5f44a75",
"text": "\"An unmarried person with a total U.S.-sourced earned income under $ 37,000 during the year 2016 is likely to owe: If the original poster is not an \"\"independent contractor\"\", and is not \"\"billing corp-to-corp\"\" then: In summary: References:\"... | [
{
"docid": "4711d115a26526cf6a12fbdd94d7e0c3",
"text": "I think traffic and public transit is still a government problem. It's just that Microsoft decided to offer perks to their employees. Just because I start a carpool with some other parents doesn't mean I'm suddenly responsible for fixing the transmissi... | fiqa |
26ad8dbcd8eef8b2870735e59671abe8 | Doctor's office won't submit claim to insurance after 5 months | [
{
"docid": "e6556782b39b76a1797d32ea3c47cadc",
"text": "I'm a business law student, so medical stuff isn't really my specialty. I'll share with you what I know though. First, as to the legality, I'm not aware of anything making it illegal for them to consider their business with you concluded. Absent any co... | [
{
"docid": "77de1f0828136343b16e6cd31563932d",
"text": "First, as noted in the comments, you need to pay attention to your network providers. If you are unable to pay exorbitant prices out of pocket, then find an in-network medical provider. if you are unhappy with the in-network provider list (e.g. too d... | fiqa |
0ab7e47342fdc148de6636475dada4d7 | New Pooled Registered Pension Plan details? | [
{
"docid": "2e5228f376c81b614558f5d162247f48",
"text": "The general idea of the PRPP is so that small business who cannot afford to offer a plan alone will be able to pool resources with others along with self-employed to create voluntary, defined-contribution pension plans that would be managed by private ... | [
{
"docid": "c2985abf51365c0748e889c837755967",
"text": "I question the reliability of the information you received. Of course, it's possible the former 401(k) provider happened to charge lower expense ratios on its index funds than other available funds and lower the new provider's fees. There are many ma... | fiqa |
9748bb94b4b9e7d3a5febf35da129f5c | If a employers supposed to calulate drive time pay with your weekly gross pay | [
{
"docid": "798170778594d0e501f31a16af9790d5",
"text": "\"Reimbursements for business expenses are generally not taxable, but the commute from home to the job and back is not considered business travel and if they're paying for that it is taxable income. I don't think carpooling changes that, but I am not a... | [
{
"docid": "ea751480073d65d4e870329fddcd427f",
"text": "\"IANAL, but I had heard (and would appreciate someone more qualified commenting on this) that one reason these things were often found unenforceable is that there is no consideration. The contract is to bind you for your work each day, but once you s... | fiqa |
39c87d91d52668d6dafc4f59ae9dadf1 | How to manage 20 residential apartments | [
{
"docid": "4947e3208e0f0fd6a510771e77a0b9e3",
"text": "If he can't manage, best is he sells it off. Its easier to manage cash. Not sure what tax you are talking about. He should have already paid tax on fair market value of the 20 flats. If the intention of Mr X is to gift to son by way of death, then yes ... | [
{
"docid": "4ac2c64ce70259bde39978411a151518",
"text": "\"with 150K € to invest to \"\"become a landlord\"\" you have several options: Pay for 100% of one property, and you then will make a significant percentage of the monthly rent as profit each month. That profit can be used to invest in other things, or... | fiqa |
d058c73c3bca6b02bf0c0609b88648f9 | In Canada, can a limited corporation be used as an income tax shelter? | [
{
"docid": "c76a49480c763077c8874d844213b235",
"text": "\"(Disclaimer: I am not an accountant nor a tax pro, etc., etc.) Yes, a Canadian corporation can function as a partial income tax shelter. This is possible since a corporation can retain earnings (profits) indefinitely, and corporate income tax rates ... | [
{
"docid": "ee0f34fa27cb4ca84be860d651f060f3",
"text": "You tagged with S-Corp, so I assume that you have that tax status. Under that situation, you don't get taxed on distributions regardless of what you call them. You get taxed on the portion of the net income that is attributable to you through the Sch... | fiqa |
a0924aeaa3a313090bcde3e09ba44f71 | Double entry for mortgage | [
{
"docid": "e31d8c3f836d3ec8d604107df90b5081",
"text": "For the purpose of personal finance, treating $500 as Interest Expense is sufficient. For business accounting, it involves making the $500 a contra-liability and amortizing it as interest expense over the course of life of the loan.",
"title": ""
... | [
{
"docid": "409ac925651cc4ebb63b381c55fee2a8",
"text": "Sounds fishy - taking out more debt to pay the main mortgage down faster? There are a couple of issues I can see: I would think that a much more sensible strategy with a lot less risk is to save up extra cash and send your lender a check every quarter ... | fiqa |
fef07ca2bcbeb2d862d2c24321b830a3 | US taxation of stock purchase plan for non-resident alien | [
{
"docid": "8eb1a478c19f1e107212313733892c40",
"text": "From my research it looks like its an income NOT effectively connected with the trade of business. This page has the exact details https://www.irs.gov/individuals/international-taxpayers/effectively-connected-income-eci",
"title": ""
}
] | [
{
"docid": "43bdaa58a8294a11126f9f82315e045b",
"text": "It really depends. If it is offered as compensation (ie in leiu of, or in addition to salary or cash bonus) then it would be reportable income, and if sold later for a profit then that would be taxable as gains. If this share is purchased as an inves... | fiqa |
9f3f690e9ae40046c0883a363cd660c3 | Obtaining Pound Sterling Cheque in US to pay for family history records from England? | [
{
"docid": "c86b0d267984e7b5f0929fb77b2bd8f7",
"text": "Most US banks don't allow you the ability to draft a foreign currency check from USD. Though, I know Canadian banks are more workable. For instance, TD allows you to do this from CAD to many other currencies for a small fee. I believe even as a US Citi... | [
{
"docid": "de1d1c5642e658bd6ed124fa1b5d5316",
"text": "US bank deposits over $10K only need to be reported to FinCEN (Financial Crimes Enforcement Network- a bureau of the US Department of Treasury) if the deposits are made in cash or other money instruments where the source cannot be traced (money orders,... | fiqa |
fac503b6fec088897ba8c0b188ea100d | How can small children contribute to the “family economy”? | [
{
"docid": "f6565dd0aa33decf3ce5cdb619b40921",
"text": "Another suggestion I heard on the radio was to give the child the difference between the name brand they want, and the store brand they settle on. Then that money can be accumulated as savings. Saving money is as important a feature of the family econ... | [
{
"docid": "4cda418d37f637ca634dd67e846e44ef",
"text": "We are a pretty average (professional, used to be fully two-income) family. I have gone part-time (plus a total career change) to be more involved at home - that's minus 50K from our family budget a year. Montessori for the younger one is - 10K. Violin... | fiqa |
a1c56f1a8ba343ef6bb510b62d7c5f95 | What funds were closed during or after the recent recessions? | [
{
"docid": "8d9810fb83e7253b932c4b16a16d9e55",
"text": "\"Yes, many hedge funds (for example) did not survive 2008-2009. But hedge funds were failing both before and after that period, and other hedge funds thrived. Those types of funds are particularly risky because they depend so much on leverage (i.e. ... | [
{
"docid": "5332ab4fcf9969669a3adebdc5e92194",
"text": "\"Bloomberg suggests that two Fidelity funds hold preferred shares of Snapchat Inc.. Preferred shares hold more in common with bonds than with ordinary stock as they pay a fixed dividend, have lower liquidity, and don't have voting rights. Because of t... | fiqa |
3d58c929c12a52c736c048f6b1c6ab1e | Are there any countries where citizens are free to use any currency? | [
{
"docid": "cda9331c5800927240653668f7334abc",
"text": "\"Wikipedia has a list of countries which ban foreign exchange use by its citizens. It's actually quite short but does include India and China. Sometimes economic collapse limits enforcement. For example, after the collapse of the Zimbabwean dollar (... | [
{
"docid": "cbf4a5de9f84ac8dfd484389fa250ed0",
"text": "\"Currently, there is simply no reason to do so. It's not a problem. It is no more of a problem or effort to denote \"\"5,000\"\" than it is to denote \"\"50.00\"\". But if there were a reason to do so, it wouldn't be all that difficult. Of course ther... | fiqa |
e2e362b774d61f0ed9899b3fefc81448 | “Top down” and “bottom-up approach” | [
{
"docid": "3abfe6c068b124327ded89f42cbe279f",
"text": "\"I think it's an argument for Keynesian economic policy, basically an abridged version of this paragraph from the Wikipedia article: Keynesian economists often argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes wh... | [
{
"docid": "1096c556637346a2f810598061b421e2",
"text": "The tried-and-true policy would be government spending (and not just any government spending, but one with positive feedback on the whole economy) such as specific subsidized industry or high-tech projects (most likely wind/solar, high-efficiency and h... | fiqa |
45a436188c02648b967a24f6ed34d4fa | Personal “Profit & Loss Statement” required for mortgage? | [
{
"docid": "d1219e27a1aaae8bc122ebf2450a98b8",
"text": "\"The bank is asking for a P & L because as a contractor you are in essence running your own business. Its kind of a technicality, all you need to do is look at any expenses that you paid out of pocket while working there that were job or \"\"business... | [
{
"docid": "ce75620806f026d3c49c678265b60c92",
"text": "I use a spreadsheet for that. I provide house value, land value, closing/fix-up costs, mortgage rate and years, tax bracket, city tax rate, insurance cost, and rental income. Sections of the spreadsheet compute (in obvious ways) the values used for ... | fiqa |
b95641c57e223dd81e39a913f6422b83 | Is the need to issue bonds a telltale sign that the company would have a hard time paying coupons? | [
{
"docid": "ce310edffda39222d1798d3c4619e581",
"text": "\"No, having to borrow money does not necessarily mean a company will have a hard time paying the interest on it. Similarly, having to take out a mortgage on a house does not mean a person will not be able to make their mortgage payments. Borrowing mon... | [
{
"docid": "cd5a5805c50b110f2775b8b4850f1a38",
"text": "5.) Target allowed the use of the coupons for gift certificates, negating the profit they would have made themselves. The customers did not create this situation. Target also renewed the coupon system with full knowledge of the circumstances. Corporate... | fiqa |
80bff4adea1650b5aa83b04eeaa3122a | What legal action can Paypal take against me if I don't pay them and I have a negative balance? | [
{
"docid": "cf1b6fb983a0516734ce882f4d173f24",
"text": "Paypal can take exactly the same legal actions against you as any creditor could -- take you to court for wilful nonpayment of debt, sell your debt to a collections agency, or anything else a business would do with a deadbeat customer. But this is a le... | [
{
"docid": "2934083d7145bb30326fe179433f8a1e",
"text": "Credit Cards when I can. The reason if there is fraud or disputed charges (like I very much disagree with the cell phone charge) a debit card is already gone and I have to get the money back, versus a credit card where I haven't paid anybody anything.... | fiqa |
eb22f51f16524afbe28bc0e294d6915e | Credit History and Outstanding Debts in Hungary | [
{
"docid": "1d6a0684c5d2fd9d65960fd64b8dac44",
"text": "It appears all you have to do is submit a form. It might be better if she submitted it herself instead of you doing it on her behalf. All natural persons (individuals) and non-natural persons (businesses) are entitled to access and inspect the data ... | [
{
"docid": "aca17422982de50fe4d228639d494ee0",
"text": "this post offers great steps you can take to responsibly and effectively manage your existing line of credit. we believe that by carefully observing these guidelines, you will not only succeed in building and maintaining an excellent credit history but... | fiqa |
329ee44c8cdfae8e6b807b6b05dce747 | How is a Condominium / Apartment Building fiscally identified? | [
{
"docid": "c5418a183ba63cd8d28a292d6aae000b",
"text": "In such cases, it has a EIN, like any business would. Even absent the rent you suggest, the condo should have reserve funds, similar to an individual's emergency account, only more codified as to level and flows. These funds should be earning interest.... | [
{
"docid": "1bb1b778f82c223aa820fa2de28b54e9",
"text": "\"Aesthetics aside, laminate floor is attached to the floor and as such is a part of the building. So you depreciate it with the building itself, similarly to the roof. I believe the IRS considers these permanently attached because the foam itself is p... | fiqa |
61347e706713332493aef7d05019e331 | Minimizing loss during two-way currency transfers involving foreign entities | [
{
"docid": "7cd55f5e1b948a1bcbee03867034f1d4",
"text": "The solution was to get a foreign bank in each country we do business in. Get a credit card processor there, and simply make our money and keep our money in that country, and taking quarterly gains from those accounts and bringing them to the US accoun... | [
{
"docid": "9c7b4c73d0cfa05f6db8ec14315332e2",
"text": "Suppose you're a European Company, selling say a software product to a US company. As much as you might want the US company to pay you in Euros they might insist (or you'll lose the contract) that you agree pricing in USD. The software is licensed on ... | fiqa |
7247b3b0bc20762f2e2d0b0eaac3c7b2 | How does UpWork allow US companies to make payments outside of the US? | [
{
"docid": "9e22049906826ea1d22611ec64c0d087",
"text": "Permanent employees are the distinct opposite of contractors. Upwork can easily have business entities (limited liability company equivalents) in multiple countries, and it can make payments between them. Or they can merely use existing payment infrast... | [
{
"docid": "d67803ddbaed689189eccfe8f6a604e9",
"text": "It's not just the US based mailing address for registration or US based credit-card or bank account: even if you had all these, like I do, you will find that these online filing companies do not have the infrastructure to handle non-resident taxes. Th... | fiqa |
63be74626233b6b19e8fc19d542594f7 | How do I find a legitimate, premium credit repair service? | [
{
"docid": "df1c8f92bb939890f53041871f05d7eb",
"text": "\"Just a word of warning: Most of the companies that promise to repair your credit are scams or close to them. You could just as easily do yourself what they are going to charge you for. Essentially they write a letter to the credit agencies disputing... | [
{
"docid": "e603269a11966858958015d59829137d",
"text": "\"Don't use a \"\"credit repair\"\" agency. They are scams. One of the myriad of ways in which they work is by setting you up with a bogus loan, which they will dutifully report you as paying on time. They'll pretend to be a used car dealer or some oth... | fiqa |
8dc207f2a6c52f1fae196abb8ea3f709 | What benefits do “title search companies” have over physically visiting a land records offices? | [
{
"docid": "e17ffc2a0f6e9a51037f2a78ea0f3f8a",
"text": "Title agencies perform several things: Research the title for defects. You may not know what you're looking at, unless you're a real-estate professional, but some titles have strings attached to them (like, conditions for resale, usage, changes, etc). ... | [
{
"docid": "abed55baf048eefe97f2ddadb318c77d",
"text": "Some examples where an HOA is a positive thing: 1) Amenities: Maybe it is professionally maintained landscaping at the front of the subdivision, or a playground, or community pool. An HOA provides a convenient way to have things like that and share the... | fiqa |
4ca81c21e8fe101490485a91d6c3c31c | How can I stop a merchant from charging a credit card processing fee? | [
{
"docid": "9a698c0e53d922a16a843c86718e60fc",
"text": "You can report the violation to the payment network (i.e., Mastercard or Visa). For instance here is a report form for Visa and here is one for MasterCard. I just found those by googling; there are no doubt other ways of contacting the companies. Nee... | [
{
"docid": "34b428b4393f4ea8ffddd550e0bb6792",
"text": "I would like to offer a different perspective here. The standard fee for a credit card transaction is typically on the order of 30 cents + 2.5% of the amount (the actual numbers vary, but this is the ballpark). This makes small charges frequently unpr... | fiqa |
4fb84aac7b6078eaa11ec13c19956bfe | How to report Canadian income from a small contract job? | [
{
"docid": "e78b35365288cf3823c4ae0b5e8b957f",
"text": "\"It's pretty easy. In the Interview Setup for Ufile, check the box for \"\"Self-employment business income\"\". Then during the process of filling everything out, you'll get a Self-Employment screen. It'll ask for the name of your business, but just p... | [
{
"docid": "4f23189bc5ab93bc85fe590c711b5301",
"text": "If you want to subcontract some of your excess work to somebody else, you better be in business! While some kinds of employees (e.g. commissioned salespeople) are permitted to deduct some expenses on their income tax, generally only a real business ca... | fiqa |
a910c7f2665445b0697b8e173d9b23f4 | Does inflation equal more loans? | [
{
"docid": "661f33e62466e5895f8ac34f2a5ff5c6",
"text": "What is the relationship between inflation and interest rates? notes a relationship between inflation and interest rates that would suggest high inflation would imply higher interest rates that would mean less loans as money becomes more expensive in a... | [
{
"docid": "a329b56b19b8b4fe4427e5efe77c3d45",
"text": "It seems from the Bernanke and pundits in general that there's an ideal inflation rate and it's not zero. When you reference that recessions bring prices down, I think I understand you, but recession does not mean deflation. In fact deflation is a rari... | fiqa |
b3dc97517c5d115906a8d4487c2ac976 | Formula for recalculation of a bad loan, i.e. where payments were missed? | [
{
"docid": "9b08eab56371c4bf7d572dbbe7e1e467",
"text": "There's not quite enough to answer the question in full. For the two years of non-payment, were there any penalties, or just accrued interest? If no penalties, this is a 3 step time-value-of-money calculation. First, take the terms of the loan and figu... | [
{
"docid": "9269ac9dbe2b303176fc7b1fd4142849",
"text": "Easier to copy paste than type this out. Credit: www.financeformulas.net Note that the present value would be the initial loan amount, which is likely the sale price you noted minus a down payment. The loan payment formula is used to calculate the pa... | fiqa |
b18dec5a57fd4db4c31e17c72987d492 | Is buying and selling Bitcoin (and other cryptocurrency) legal for a student on F-1 Visa doing OPT in USA? | [
{
"docid": "68d069f48a9bebbba5227acc3570bd26",
"text": "Given your clarification that you re only intending to use cryptocurrency as a capital asset & a long term investment vehicle, and not as a business day trading or trading for others, I would say this definitely is NOT illegal. The tax man says cryptoc... | [
{
"docid": "302477bcb2eda09a78915b86bcdbb8b0",
"text": "Could you not just say that you had bought it when it was pennies on the dollar and made the millions that way? There isn't much of a transaction record, is there? I also just realized that I don't understand how taxes work in that situation. If you ha... | fiqa |
cdf0c5e2358bb2dd4d9bb7429ec020f0 | Where can I find historic ratios by industry? | [
{
"docid": "36e6c13ba143bb39a3059a4feef82a8f",
"text": "If you would like to find data on a specific industry/market sector, a good option is IBISworld reports. You can find their site here. You can find reports on almost any major US sector. The reports include historical data as well as financial ratios. ... | [
{
"docid": "e3834023eee46345c1a76dc2fc03ec2f",
"text": "Here is one the links for Goldmansachs. Not to state the obvious, but most of their research is only available to their clients. http://www.goldmansachs.com/research/equity_ratings.html",
"title": ""
},
{
"docid": "61324e4efa88c7fb7ec259055... | fiqa |
cbba0cf458a4b7db927c4ce7d576821a | Are there guidelines for whom you should trust for financial advice (online, peer, experts, only myself, etc) | [
{
"docid": "15a8d776bf4427047a8a551633407a1b",
"text": "\"You need to understand how various entities make their money. Once you know that, you can determine whether their interests are aligned with yours. For example, a full-service broker makes money when you buy and sell stocks. They therefore have in in... | [
{
"docid": "1fa75ab8a23b7d77ea05b2bba4111506",
"text": "\"You want a fee-only advisor. He charges like an architect or plumber: by the hour or some other \"\"flat fee\"\". That is his only compensation. He is not paid on commission at all. He is not affiliated with any financial services company of any ki... | fiqa |
ebe9adcc2c1d240b49be4a58d01ce743 | FHA Reduction Notices From Third-Party Companies - Scam? Or Something To Consider? | [
{
"docid": "c3e502167f39903db739c29ad60d3782",
"text": "\"This is obviously a spam mail. Your mortgage is a public record, and mortgage brokers and insurance agents were, are and will be soliciting your business, as long as they feel they have a chance of getting it. Nothing that that particular company off... | [
{
"docid": "13579414bd19097f500ef210e2dfd057",
"text": "\"(Disclosure - PeerStreet was at FinCon, a financial blogger conference I attended last month. I had the chance to briefly meet a couple people from this company. Also, I recognize a number of the names of their financial backers. This doesn't guarant... | fiqa |
7c9fd2412551a474223c579549055bb2 | Apartment lease renewal - is this rate increase normal? | [
{
"docid": "a2b34353f037de897b420fd6ac257afe",
"text": "\"Should you negotiate? Yes, what harm can it possibly do? The landlord is unlikely to come back and say \"\"Because you tried to negotiate, I'm putting the rent up by 10% instead.\"\", or to evict a paying tenant merely because they tried to negotiate... | [
{
"docid": "5143aeb0b0a00bf3eeba177754bca3aa",
"text": "\"Without the specifics of the contract, as well as the specifics of the country/state/city you're moving to, it's hard to say what's legal. But this also isn't law.se, so I'll answer this from the point of view of personal finance, and what you can/s... | fiqa |
979271796533e194facb1b23fe28c062 | Bank will not accept loose change. Is this legal? | [
{
"docid": "d3a3089e2ce15824c40e5d7da0c02e29",
"text": "Is this even legal? How can a bank refuse to deposit legal tender in the United States? Legal for all debts, public or private, doesn't mean quite what I used to think, either. Per The Fed: This statute means that all United States money as identifi... | [
{
"docid": "fa70890a59cb856eb8e66c48a3ef4e05",
"text": "I was forced to give my bank permission to cover any overdrafts out of my savings accounts. Or pay the bank a fee. After 6 months I discovered they were still taking out a fee, when I confronted them they said it wasn't the overdraft fee it was just a... | fiqa |
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