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Currently (21-Feb-2021), bitcoin futures markets are in contango, with contracts maturing at the end of June trading at about a 9.1% premium to the spot price. My assumption is that one could purchase bitcoin at the spot price while simultaneously selling June futures, locking in a guaranteed 9.1% gain over 4 months - ... |
Why isn't contango in crypto futures markets simply arbitraged away? |
I'm looking for a formula that I could program in a spreadsheet in order to create a credit card payoff calculator that accounts for recurrent monthly charges. I've been searching for days on Google trying to find one but they all assume that you stop using the card altogether in order to pay it off. The reality is tha... |
I'm looking for a formula that I could program in a spreadsheet in order to create a credit card payoff calculator that accounts for recurrent monthly charges. I've been searching for days on Google trying to find one but they all assume that you stop using the card altogether in order to pay it off. The reality is tha... |
On [Form 1040 Schedule C - "Profit or Loss From Business (Sole Proprietorship)"][1] , the instructions for line 23 ("**taxes and licenses**" under "**Expenses**") have a list of what can and cannot be included. But I can't seem to find an exact match for an annual state tax there neither in the "**you can deduct**" no... |
Can I deduct an annual state tax on Form 1040 Schedule C? |
I did independent contract-style work for two days last year that paid me $222.67. The check accounted deductions for Medicare and Social Security. I also made $195 from redemptions of gift cards and subscription services extensions via redemptions of points earned from Microsoft Rewards. I did not do any other similar... |
On [Form 1040 Schedule C - "Profit or Loss From Business (Sole Proprietorship)"][1] , the instructions for line 23 ("**taxes and licenses**" under "**Expenses**") have a list of what can and cannot be included. But I can't seem to find an exact match for an annual state tax (on a disregarded-entity single-owner LLC) t... |
Can I deduct an annual state tax (on an LLC) on Form 1040 Schedule C? |
On [Form 1040 Schedule C - "Profit or Loss From Business (Sole Proprietorship)"][1] , the instructions for line 23 ("**taxes and licenses**" under "**Expenses**") have a list of what taxes can and cannot be deducted as expenses. But I can't seem to find an exact match there for an annual state tax (on a disregarded-en... |
Is it legal to tell potential givers/donors that money sent to me is to be shared then with others?
For example, an incentive to receive any money at all could be the claims that money sent is then re-sent partially to others -- for example, donate $1 to me and I give 25 cents to someone else; donate $10 and I give ... |
Money spreading system? Is this legal? |
Imagine that a small business, MoneySavers, is setting up a health insurance plan that it will offer to its employees. I'm looking for clarification on any misunderstanding that I may have given the following scenario:
MoneySavers can choose a self-funded plan or a fully-funded plan (1).
With self-funded, the co... |
I am ignoring the legality of it, because you haven't identified the country.
Why would somebody give money to you so that you promise to give 25% to somebody else? A charity that only used 25% of donated funds to help others would not be considered a good charity. A great charity spends 90% or more of their funds... |
Line 5a of Form 8960 says:
[![enter image description here][1]][1]
but when one looks at the instructions, it says:
[![enter image description here][2]][2]
further line 7 of form 1040 is this:
[![enter image description here][3]][3]
and this will include capital gain not just from **disposition of pro... |
Line 5a of Form 8960 says:
[![enter image description here][1]][1]
but when one looks at the instructions, it says:
[![enter image description here][2]][2]
further line 7 of form 1040 is this:
[![enter image description here][3]][3]
and this will include capital gain not just from **disposition of pro... |
My basic understanding of it is that PIPE is a group of rich investors/institutions investing in a public company through private arrangement but how does this apply to SPAC when it's not public yet? Is the PIPE investing in the SPAC itself or the target company? |
How does PIPE work in SPAC? |
is there a CFD broker where you can select to operate with 100% margin, so as to avoid overnight charges for a position left open overnight? |
Is it possible with CFDs to operate with 100% margin, so as to avoid overnight charges for a position left open overnight? |
Other answers advise you to get legal advice, and I agree that doing so would be advisable.
In an ideal world, I presume you'd each like to contribute equally and own a 50% share of the house at all times. So let's make it happen!
For simplicity in this answer, I'm going to assume some numbers. Let's say you're ... |
The question was edited to add that they completed a W-4 at the start of work.
In order to withhold money for Medicare and Social security the company would have had to know your social security number. They would have gotten your social security number from a W-4 or a W-9 form. The W-4 if you were an employee; a ... |
I did independent contract-style work for two days last year that paid me $222.67. The check accounted deductions for Medicare and Social Security. I also made $195 from redemptions of gift cards and subscription services extensions via redemptions of points earned from Microsoft Rewards. I did not do any other similar... |
I received a corrected 1099 after taxes had already been filed. I'm aware that I can't do anything until the IRS either accepts or rejects our return on file. If they reject, the fix is easy, we can just resubmit with the corrected data.
If they accept our return it appears that I should file a 1040-X to correct t... |
Should 1040-X be filed on changes that have no impact? |
There are several posts here but I cannot wrap my mind around it.
Suppose a fund has an expense ratio of 0.055%, as I understand it that means $55 per $1000.
Where do the expenses come from? Is every purchase of the fund reduced by 0.055%? So if a fund has a cost of $100/share and $1000 is contributed, its $55 ta... |
How does a fund's expense ratio work? |
> Suppose a fund has an expense ratio of 0.055%, as I understand it that
> means $55 per $1000.
If the expense ratio is stated as 0.055% that is actually around 5 hundredths of 1% of the total amount invested.
1000*0.055/100 = $0.55 per thousand.
> Where do the expenses come from? Is every purchase of ... |
> Suppose a fund has an expense ratio of 0.055%, as I understand it that
> means $55 per $1000.
If the expense ratio is stated as 0.055% that is actually around 5 hundredths of 1% of the total amount invested.
1000*0.055/100 = $0.55 per thousand.
> Where do the expenses come from? Is every purchase of ... |
It is said that high Operating Margin means that the company is efficient in its operations and is good at turning sales into profits.
But let's suppose that market demand has increased. The company did nothing, it is working the same way as earlier. But its revenue is getting higher, while operating expences are qu... |
Operating Margin depends on Revenue? |
An example explanation ...
https://www.morningstar.com/invglossary/expense_ratio.aspx
I believe they:
- the fund has "one big bank account" with all the/any cash and obviously "one big holding" of the various stocks
- they calculate/decide on the current annual expenses. for example 5 staff members, 13 des... |
On line 2A, a tax payer must report his/her tax free income without any detail.
I believe this number is computed by summing up all the values for tax free income on the 1099s. This number appears on line 8 for the 1099-INT. You then add to that the values on line 11 of the 1099-OID. You then subtract the values on ... |
Imagine that a small business in the U.S., MoneySavers, is setting up a health insurance plan that it will offer to its employees. I'm looking for clarification on any misunderstanding that I may have given the following scenario:
MoneySavers can choose a self-funded plan or a fully-funded plan (1).
With self-fu... |
Please help me
1. I googled how to reflect stock profit and dividends for New York State tax, but it led me to New York State tax website I was unable to understand.
2. Few days ago I called New York State tax. The gentleman put me on hold. When he returned, he said his Supervisor said I should ask IRS.
3.... |
Imagine that a small business in the U.S., MoneySavers, is setting up a health insurance plan that it will offer to its employees. I'm looking for clarification on any misunderstanding that I may have given the following scenario:
MoneySavers can choose a self-funded plan or a fully-insured plan ([1]).
With self... |
Should I sell my car, refinance or trade in? |
There are similar questions for Illinois and California, but since situation might be different for each state so I am asking this specifically for Indiana and Illinois.
I lived in Indiana for the tax year 2020. I am on F-1 OPT. I started working for a US-wide company from October 26th ’2020. My team sits in Napervi... |
Do I need to report Illinois, USA state tax while filing tax returns if I was working for a Illinois based company but living in Indiana? |
Somebody in my family is proposing an investment opportunity.
The deal is as follows.
You put 20K and he is going to use it to sow rice, the return depends on the price per kg of rice but he tells me that the average ROI is about 15% in 4 months. I guess some risks are bad wheater, or something bad happening to th... |
Should I invest 50% of my savings (20K) into a family business? |
Imagine that a small business in the U.S., MoneySavers, is setting up a health insurance plan that it will offer to its employees. I'm looking for clarification on any misunderstanding that I may have given the following scenario:
MoneySavers can choose a self-funded plan or a fully-insured plan ([1]).
With self... |
Imagine that a hypothetical small business in the U.S., MoneySavers, is setting up a health insurance plan that it will offer to its employees. I'm looking for clarification on any misunderstanding that I may have given the following scenario:
MoneySavers can choose a self-funded plan or a fully-insured plan ([1]). ... |
Suppose I am the sole owner of a Wyoming LLC. I own some property or stock which has an unrealized gain and which I have held for over 1 year and deposit this into the LLC.
Now let's say 3 months later I happen to sell this property or stock and incur a capital gain. Will this still be a long term gain or will it b... |
Since you are not familiar with rice farming, you should ask your relative more questions and do some research to check if the numbers are reasonable.
You want to understand the business plan. In particular: What exactly is the 20K to be spent on? Whose land and labor are being used and how are they valued/compensat... |
MA requirement for a full year resident is living in the state for more than [183 days][1], while in NY the rule is that a full year resident is someone who lived there for more than [184 days][2]. If a person lived in MA from January 1st 2020 until July 1st 2020, and on July 1st 2020 moved to NY and lived there until ... |
Can I file state taxes for two states (MA,NY), claiming to be a non-resident at both? |
My basic understanding of it is that PIPE is a group of rich investors/institutions investing in a public company through private arrangement but how does this apply to SPAC when it's not public yet? Is the PIPE investing in the SPAC itself or the target company?
Update:
[PIPE investors to commit $200M concurrent... |
My basic understanding of it is that PIPE is a group of rich investors/institutions investing in a public company through private arrangement but how does this apply to SPAC when it's not public yet? Is the PIPE investing in the SPAC itself or the target company?
Update:
[PIPE investors to commit $200M concurrent... |
New York uses the concept of *domicile* in relation to whether or not you are considered a tax resident of the state. From the [New York State FAQ page](https://www.tax.ny.gov/pit/file/nonresident-faqs.htm) you linked to:
> **How do I know if I am a resident of New York State for income tax purposes?**
>
> Genera... |
New York uses the concept of *domicile* in relation to whether or not you are considered a tax resident of the state. From the [New York State FAQ page](https://www.tax.ny.gov/pit/file/nonresident-faqs.htm) you linked to:
> **How do I know if I am a resident of New York State for income tax purposes?**
>
> Genera... |
I run computer servers at home 24/7, and my home is in California. To power them, I would like to install solar panels and home battery backup system. Can I deduct this as a business expense for my California LLC?
The concern I have here is that I need to separate energy for home use vs. energy for business use.
|
New York uses the concept of *domicile* in relation to whether or not you are considered a tax resident of the state. From the [New York State FAQ page](https://www.tax.ny.gov/pit/file/nonresident-faqs.htm) you linked to:
> **How do I know if I am a resident of New York State for income tax purposes?**
>
> Genera... |
I think it depends on the current situation. suppose you have no any alternative of getting money.ie a job en then buy a plot. How will you build in it? Contrary, if a car presents your face value, en it can put food food on table, then buying a car fits, coz it can fetch money as well and a plot is bought to. ... |
I have a special situation in that I am a US citizen but my spouse is a non-resident alien, and I myself also live overseas. So far I have only found that HR Block Taxes for Expats lets me e-file married filing separately when my spouse has no ITIN/SSN. Turbo tax made me enter an ITIN/SSN to e-file. I was wondering if ... |
I buy a single share of XYZ at $1.00 then later buy another share at $2.00. Thus I have a total of two shares at the average cost basis per share of $1.50.
I want to sell all my shares without incurring a loss at $1.50 with a stop limit. Soon later (less than 30 day period), I want to buy at a better price.
Can I... |
How can I work fairly little and maintain a reasonable living standard? |
No, you shouldn't. Reasons are:
- A 15% ROI in 4 months is likely either simply a wrong guess by your relative, willful deceit or attached with significant, unspoken of risk. This turns your investment into gambling. You should not gamble with 50% of your networth, even if you might be able to replace it comparably... |
There is an annuity annual payment of 100000 from year(s) 1-7. After these payments, there are annuity annual receipts of 153127 from year(s) 8-15. I want to know what is the effective return on this investment and how to calculate the same?
Appreciate the help. |
How to calculate effective rate of return for annuity payments and annuity receipts? |
Under what circumstances can a UK high street bank reverse, refund or cancel a bank transfer and do they need to contact the account holder beforehand?
I had been under the impression that if I log onto my online bank account and see that I’ve been paid some money, then that money is mine.
However, I’ve recently ... |
Under what circumstances can a bank transfer be reversed? |
What are the relevant laws which prevent a corporation with a majority stake in another firm from acting against the interests of the minority stakeholders? Such a corporation could, for example, use its majority to approve the sale of the remaining shares at an extremely low price. |
Which laws prevent a corporation with a 51% stake in another firm from exploiting the minority shareholders? |
Do I need to report Illinois, USA state tax while filing tax returns if I was working from home in Indiana for a Illinois based company? |
If I purchase a stock with unsettled cash, and then it immediately spikes, is there a way to use margin to sell it without invoking a good faith violation? Essentially borrowing the money until it settles from the previous transaction? |
If a stock is bought with unsettled Cash, is there a way to use margin to sell it immediately without a good faith violation? |
I would like to buy a ca. £75 item on `amazon.co.uk` that is “Sold by: Amazon EU”.
The confirmation pane looks like this (promotion = free delivery):
[![enter image description here][1]][1]
**Question:** Should I then expect to pay customs fees when receiving the parcel?
I still struggle with the subtleties... |
Will I pay customs fees when ordering a “sold by Amazon EU” good on Amazon UK? |
I would like to buy a ca. £75 item on `amazon.co.uk` that is “Sold by: Amazon EU”.
The confirmation pane looks like this (promotion = free delivery):
[![enter image description here][1]][1]
**Question:** Should I then expect to pay customs fees when receiving the parcel?
I still struggle with the subtleties... |
I have taken a life insurance policy from Edelweiss Tokio called "Edelweiss Saral Jeevan Bima". The details of my policy is given below.
Term: 15 years
Premium Amount: Rs 50,000.00
Sum Assured: Rs 500,000.00
Frequency of Payment: Annual
My age: 23 years (Non-smoker, non-alcoholic)
I want to know how much retu... |
What will be the maturity benefit of saral jeevan bima? |
Let's say the following happens within 30 days.
1. Buy 10 shares for total of $100.
2. Buy a call option
3. Sell the call option for a $1000 loss.
3. Buy 1 share for $10.
Does buying back that 1 share fall under the wash sale rule and prevent me from writing off any of that $1000?
Thanks! |
Looking at the details, this is pure term insurance. Term insurance does not pay out at maturity - it pays out in the event that you die within the term, and pays nothing if you do not. So there is no "return" at maturity.
This is specified in one of the FAQs:
>**Does this plan have a Maturity Benefit?**
>
>As ... |
A SD contacted me in regards to me becoming his SB. He wants to send a monthly allowance through Paypal but he is in Germany so Paypal is requiring a 100$ international transfer fee. He is not asking for any of my personal information except for my paypal link. Am I being scammed? |
SD wants me to purchase Prepaid card for international fees through paypal. Is this a scam? |
Without a strike price the options are meaningless. You have the option to buy shares... at what price? Even if you don't know how much a "share" is worth without a strike the options are meaningless.
Certainly knowing what percentage of the outstanding shares your options represent would be valuable, too - at leas... |
Yes its a scam. I'll post a long answer because a LOT of women seem to get caught up in these things.
1. It's a sugar relationship - Did you send him any nude pictures or spend time with him? If no, then what is he paying for? If there's no exchange of money for goods or services - then it's a scam. If you are havi... |
RRSP contributions made in the first 60 days of the current calendar 2021, can be claimed in the prior year 2020, or later tax returns.
Regarding RRSP contribution limits. If the contribution is made in the first 60 days of the current calendar year 2021, are the contributions considered for the current year limits o... |
A retailer could be the target of a "chargeback", this can occur legitimately to protect the consumers rights but can also occur in a more scrupulous manner where a consumer is attempting to bypass a retailers return policies.
> How does chargeback work?
>
> Chargeback is a transaction reversal made to
> dispute... |
This question is about to analyze the financials of a company we invest in:
Shareholder's Equity is defined by Asset - Liability. Let's say if the company is started with $100 million, and it earns $0 million. Now the bank loaned the company $100 million (maybe because the company has a patent), but then the compa... |
Why can't ROE Return on Equity of companies we invest in be 100% or 200% but usually less than 40%? |
You have a faulty premise.
[Yahoo Screener](https://finance.yahoo.com/screener) lists 331 stocks (with some duplication due to different share classes and locations) with an ROE of over 1,000%, and 2,184 with a ROE of over 100%. So it's not true that you "never" see a company with an ROE this high.
That said, it'... |
I found this image describing **contango** with the accompanying quote. I expected the graph be in the opposite direction that is price being lower today than in 1 year. Is this graph wrong?
> is the pricing situation found with futures contracts where longer-dated futures consecutively trade at higher prices than t... |
Isn't this graph of contango wrong? |
I found this image describing **contango** with the accompanying quote. I expected the graph be in the opposite direction that is price being lower today than in 1 year. Is this graph wrong?
> is the pricing situation found with futures contracts where longer-dated futures consecutively trade at higher prices than t... |
In the United States, if a man over 50 retires and has only Social Security income---yet his wife continues to work an earns income in excess of $14,000 can the couple still contribute $14,000 ($7,000 apiece) to either their Traditional or Roth IRAs?
I ask this question because Social Security income is not consider... |
Can a Non-Working Spouse with Only Social Security Income Contribute to an IRA? |
If TurboTax is using a number smaller than you expect, it is either not picking up one of your entries, or it is subtracting out one that you are not expecting. You can narrow the possibilities down by temporarily changing some of your entered values (on the 1099-INT or 1099-OID) and seeing what effect that has on line... |
Why do startup companies and large companies alike seem to always prefer to offer their employees stock options, rather than stock grants? Stock grants seem like a way better deal for employees. Let me know if my understanding is correct:
Stock grant: year-1, give an employee $10k in stock grnats, subject to vesting... |
Why do startups prefer Stock Options over Stock Grants? |
A representative from my town showed up unannounced at my house today and asked to come in to do a property tax assessment. I [politely] declined. The representative was reasonable and left a card advising us that it is important to schedule an appraisal appointment.
What would happen if I **don't** schedule an ap... |
What would happen if I refuse to let the tax assessors into my house? |
A representative from my town showed up unannounced at my house today and asked to come in to do a property tax assessment. I [politely] declined. The representative was reasonable and left a card advising us that it is important to schedule an appraisal appointment.
What would happen if I **don't** schedule an ap... |
**Short Answer**
> Let me know if my understanding is correct:
Your understanding is not correct.
> Why do startups prefer Stock Options over Stock Grants?
An incentive stock option is the only way to defer taxation of a stock grant or stock options until the employee-shareholder has cash in hand that has b... |
**Short Answer**
> Let me know if my understanding is correct:
Your understanding is not correct.
> Why do startups prefer Stock Options over Stock Grants?
An incentive stock option is the only way to defer taxation of a stock grant or stock options until the employee-shareholder has cash in hand that has b... |
**Short Answer**
> Let me know if my understanding is correct:
Your understanding is not correct.
> Why do startups prefer Stock Options over Stock Grants?
An incentive stock option is the only way to defer taxation of a stock grant or stock options until the employee-shareholder has cash in hand that has b... |
**Short Answer**
> Let me know if my understanding is correct:
Your understanding is not correct.
> Why do startups prefer Stock Options over Stock Grants?
An incentive stock option is the only way to defer taxation of a stock grant or stock options until the employee-shareholder has cash in hand that has b... |
A representative from my town showed up unannounced at my house today and asked to come in to do a property tax assessment. I [politely] declined. The representative was reasonable and left a card advising us that it is important to schedule an appraisal appointment.
What would happen if I **don't** schedule an ap... |
According to investopedia, a REIT is similar to a mutual fund, in that they pool capital to invest in real estate. But as far as I know, REITS do have an IPO, and traded like a stock. My question: is REIT's outstanding shares generally a fixed number or not? If yes, it's more like a stock.
Besides, in this article: ... |
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