instruction stringlengths 15 21.6k |
|---|
My girlfriend is in Taiwan. Every month, I will transfer 800 dollars to her via BOA. Is it illegal? Will it be considered money laundering?
Update:
I am working in America. |
I am working in America. My girlfriend is in Taiwan. Every month, I will transfer 800 USD to her via Bank of America. Is it illegal? Will it be considered money laundering?
|
I am approaching this question from a Computer Science perspective (Developer, Programming etc.), so apologies if the question is trivial. I have been searching the web for a while, but I am afraid I am too unfamiliar with the domain to yield useful answers, so a brief explanation and maybe some references / pointers w... |
Why can't my LLC get a credit card when the owner has credit history and a good credit score? |
>is it possible that the rates are different?
It is possible that the reverse is not the exact reciprocal due to bid/ask spreads. In FX markets, like stock markets, there id a difference between the price that you buy and the price that you sell. Since "buying" an FX rate is equivalent to "selling" the inverse rate,... |
Investor Paradox. How can you calculate how much is a company worth when buying part of it changes the total value? |
Is there a limit to how many companies you can create or own? Such as Google owns <strike>Facebook</strike>, YouTube, <strike>Twitter</strike>, Google Play Store, Google Games, etc. But those are all branches of Google and not actual companies. What I want to know is can I buy an unlimited amount of companies, or will ... |
I am approaching this question from a Computer Science perspective (Developer, Programming etc.), so apologies if the question is trivial. I have been searching the web for a while, but I am afraid I am too unfamiliar with the domain to yield useful answers, so a brief explanation and maybe some references / pointers w... |
There are a few things going on here.
First, banks can't just invest all their depositors' money in mutual funds. Banking relies on the idea that when you deposit money today, the bank will definitely give it back to you when you need it. It's easy to take that for granted, to the extent that most of us choose banks... |
Given that a traditional IRA owner that died in 2019 had multiple beneficiaries (all people), normally the rules states that the inherited IRA would have to be inherited by all of the beneficiaries by 2020 to allow for each of the beneficiaries to take their RMDs based on their respective ages. If everyone did not offi... |
do the covid-based rules affect when you inherit an IRA? |
If popular dividend stocks such as those on the "dividend aristocrats" like JNJ and MMM continue to climb over time, won't new investors like myself be severely disadvantaged buying into these? The amount of stocks one can get to receive respective dividends are severely reduced compared to those buying year/decades ag... |
Are new dividend investors severely disadvantaged by ongoing rising dividend growth stock prices? |
What is even a separate fiscal year different from that of a calendar year? A detailed answer to this is most welcome. I am asking this particularly in Indian context. |
Why is a separate fiscal year needed different from that of a calendar year? |
I don't see an answer that gives a clear explanation of the difference between "pre-money" and "post-money" valuations, which is critical to understanding this kind of scenario.
> Say I have a company, and I am told that it is worth 1 USD (100% of the company).
So far, so good.
> My friend, who has 1 USD, asks... |
Given that a traditional IRA owner that died in 2019 (at 95) and had multiple beneficiaries (all people), normally the rules states that the inherited IRA would have to be inherited by all of the beneficiaries by 2020 to allow for each of the beneficiaries to take their RMDs based on their respective ages. If everyone ... |
The actual counterparty to an exchange-traded futures contract is a clearing firm. The clearing firm acts as a intermediary between buyers and sellers in a futures market. This is so that traders do not have to worry about counterparty risk (i.e. you don't have to worry about the bankruptcy of the other party). Clearin... |
Giving your checking/savings account number to someone is incredibly insecure - they can debit your account! The routing numbers are public information. How can I have an account that only accepts deposits?
---
A very common example is paying by check - the recipient has your checking and routing numbers. This ca... |
Is it possible to own an unlimited number of companies? |
> I have now resorted to applying for personal cards, but am still getting my applications denied. I can remember getting spammed constantly with credit card offers, but now cannot get approved for one despite my best efforts.
When a lender wants to check your credit history, they first need to verify your identity.... |
I am a beneficiary and executor of estates of two relatives that died in WV. I reside in another state, which also has state income taxes.
Do I claim the executor income in my state of residence? or do I file state income tax return in WV, claiming the income there? My state's tax rate is ~25% less than WV's.
I h... |
Which state income taxes apply on executor income (executor resident state, or state in which probate occurs)? |
I'm reviewing the 10-K filing of a company I'm thinking about investing in, and I came across some confusing information in my research. For FY20Q1/2/3 the EPS you can get from Fidelity, Yahoo, etc., refer to the EPS provided in their respective 10-Q. The *Condensed Consolidated Statements of Operations and Comprehensi... |
I'm reviewing the 10-K filing of a company I'm thinking about investing in, and I came across some confusing information in my research. For FY20Q1/2/3 the EPS you can get from Fidelity, Yahoo, etc., refer to the EPS provided in their respective 10-Q. The *Condensed Consolidated Statements of Operations and Comprehensi... |
I have watched many movies where people who want to rob a load of money, Just wait until the federal reserve pulls money back to them and right in between them removing the serial numbers from their records, and burning the bills, they go in and take it all. My question is, Are the movies accurate? Do they really put t... |
We recently moved out of an apartment. Our lease term was completed with no dues on utilities etc. I was never late on paying rent etc.
The lease was ending on Feb-27th, but we returned keys on Feb-24th. Landlord has sent a bill that has a line item - early move out (3 days), for $177.
There is no such thing in t... |
New investors paying a higher price for a stock receive a lower yield. Is that a disadvantage? Not really.
This statement often riles the natives:
>[Share price is reduced](https://money.stackexchange.com/questions/134940/are-dividends-an-actual-gain-value/134950#134950) by the exact amount of the dividend on ... |
Assume it is given that you need to itemize trades on, say, Form 8949 (+ any state form(s)). These forms only allow so many transactions per page (14 entries for Form 8949).
How exactly do people who have thousands of transactions to itemize (or tens or hundreds of thousands...) deal with this? Does the IRS really w... |
How do people with LOTS of itemized trades list them on US tax forms? |
We recently moved out of an apartment. Our lease term was completed with no dues on utilities etc. I was never late on paying rent etc.
The lease was ending on Feb-27th, but we returned keys on Feb-24th. Landlord has sent a bill that has a line item - early move out (3 days), for $177.
There is no such thing in t... |
Does my employer inform me whether or not I am a highly compensated employee? If not, how do I find out, other than getting money refunded at the end of year if my company was over their 401k HCE contribution limit? Do I need to just email Payroll and ask?
I know there are 3 criteria: own more than 5% of the company... |
How do I know if I am a Highly Compensated Employee? |
What can you do if money is missing/stolen from a wallet? |
Where would you go to sell a large quantity of Bitcoin? The major exchanges (such as Coinbase, Gemini, etc.) charge exchange fees in the neighborhood of 1.5% of the amount being exchanged. Are there good lower priced alternatives? |
I left a job in 2019 where I was granted some RSUs that were to be vested first time in 2020. But I never received the RSUs since I left the company before the first vesting.
Today I received a 1099-B for those unvested shares as if they were acquired and sold on the same/next day and I have a capital gain acquired.... |
Sorry, but there is really nothing much you can do; consider it gone and learn to be more careful.
The police _might_ file a report, but it is doubtful if you don’t have clear info when and where it happened - what would you expect them to do? They can hardly question anyone that was within five miles over the last tw... |
[chart][1]
[1]: https://i.stack.imgur.com/vgTuF.png
This is a candle stick chart I saw in the market. The question is about the part I annotated. In the red bar, it opened at the top of the rectangle and closed at the bottom of the rectangle. How come the green bar that comes next does not open at the same ... |
![chart][1]
[1]: https://i.stack.imgur.com/vgTuF.png
This is a candle stick chart I saw in the market. The question is about the part I annotated. In the red bar, it opened at the top of the rectangle and closed at the bottom of the rectangle. How come the green bar that comes next does not open at the same... |
The answer is : what did the account terms and conditions state when you opened the account? It's likely this issue was addressed (banks can afford pretty good, thorough attorneys!), and if you agreed to those terms and conditions, it's a bit late to be crying foul about it.
|
I've recently (3 months ago as of writing this) got into proper double entry bookkeeping for my personal finances. I've been using GnuCash, though this pertains more to double entry practices than software specific.
My fiancé and I have just closed on a house. We did not pay in equally, and we want me to "pay back" ... |
How to track money used for shared expenses against a personal loan? |
> If popular dividend stocks such as those on the "dividend aristocrats" like JNJ and MMM continue to climb over time, won't new investors like myself be severely disadvantaged buying into these? The amount of stocks one can get to receive respective dividends are severely reduced compared to those buying year/decades ... |
> If popular dividend stocks such as those on the "dividend aristocrats" like JNJ and MMM continue to climb over time, won't new investors like myself be severely disadvantaged buying into these? The amount of stocks one can get to receive respective dividends are severely reduced compared to those buying year/decades ... |
Could it be that convertible debentures were translated into shares fast enough to account for the difference? They do mention it in the 10Q, although the company is saying that these options, warrants, and FCDs would be anti-dilutive, which is weird:
[![enter image description here][1]][1]
[1]: https://i.sta... |
I received my w2 and there is nothing listed for HSA contributions. I did not contribute anything however my employer did contribute $3500 to it. Do I need to report anything when I file my taxes? |
[![enter image description here][1]][1]
[1]: https://i.stack.imgur.com/6IVIa.png
Why did this index touch so high when our finance minister annouce the privatisation of 2 PSBs and one insurance bank?A detailed answer to this will be most welcome. She did not name any but why would that impact this index.And wha... |
What is this index all about? |
I received my W2 and there is nothing listed for HSA contributions. I did not contribute anything; however, my employer did contribute $3500 to it. Do I need to report anything when I file my taxes? |
As a newbie on trading cryptocurrencies, I found Stop-Limit Order does no longer fit my strategy in a situation like this:
Ater a huge price pump, the market price has stabilized at around **$450** now. I believe that the market FOMO has been alleviated. I intend to cash out and believe **$499** would be a firm resi... |
What type of orders fit my strategy in a way that two triggers might be needed? |
Whenever I read about options valuation, it's phrased in terms of payoff diagrams. For European options, the value at expiry is the difference between the strike and the market price of the underlying if I'm in the money.
However, the usual definition of an options contract is not a cash bet conditional on the marke... |
Do options contracts give you cash or the underlying? |
During 2020, my permanent address from January 2020 to August 2020 was in New York City. From September 2020 to December 2020, my permanent address was in Pennsylvania. Here are some notes:
1. From January 2020 to August 2020 I was staying in hotels in New Jersey.
2. From August 2020 to December 2020 I was stayin... |
I got a letter from my landlord saying I missed 3 month rent. The letter said if I do not pay those 3 month rent in cash, she will take me to the court and evict me. I paid rent every month and never missed so I am very confused. I paid with personal check every month and all checks are already cashed by my landlord. ... |
1. They do "literally, honest to God" give you the right
2. In the overwhelming majority of trades ever made, they are just traded as-is. I would imagine that many if not most casual traders who buy and sell options don't even fully know or understand "what they are" (ie, that they relate to point 1).
3. You kno... |
Welcome new users, just give one piece of information,
- Note that the "type of orders available" depends *on your broker*.
Those orders (beyond the basic ones) are a feature of the software of your broker. They're not sort of "built in to the universe" if that makes sense! (So, indeed you'll see questions on he... |
**(ANSWER ASSUMES QUESTION IS U.S. BASED)**
A cancelled check PLUS a copy of your banks statements showing the check being posted against your account is **more** than enough proof to establish that you paid your rent.
Further, why did the landlord wait for *THREE MONTHS* to say anything? Something's fishy here... |
If popular dividend stocks such as those on the "dividend aristocrats" like JNJ and MMM continue to climb over time, won't new investors like myself be severely disadvantaged buying into these? The amount of shares one can get to receive respective dividends are severely reduced compared to those buying year/decades ag... |
We recently moved out of an apartment. Our lease term was completed with no dues on utilities etc. I was never late on paying rent etc.
The lease was ending on Feb-27th, but we returned keys on Feb-24th. Landlord has sent a bill that has a line item - early move out (3 days), for $177.
There is no such thing in t... |
My landlord claims I didn't pay rent even though I can prove I did - What can I do? |
Quoting @Fattie:
> Those orders (beyond the basic ones) are a feature of the software of your broker.
Here's a [broker](https://interactivebrokers.com/en/index.php?f=4985) that offers over 50 types of orders for stocks. See if one of them suits your needs and then check to see if your broker offers that type o... |
I'm a doozy of an edge case. I'm above 65 and will become eligible for Medicare mid-year 2024, which is when I'll have earned my fortieth Social Security credit on Form 1040 Schedule C. (I won't have qualified before then because I won't yet have resided in the USA for five consecutive years.)
**Is my seven-month Me... |
If I earn my 40th Social Security credit mid-year, is my Medicare Initial Enrolment Period when I earn the credit or when the credit is filed for? |
I use Turbotax to prepare my taxes in the United States. When declaring foreign financial account, Turbotax asks:
> What does Turbotax mean by "This account did not have income, deductions, or credits associated with it in [year]"?
What does it mean for a financial account to have an income, deductions, or credit... |
What does Turbotax mean by "This account did not have income, deductions, or credits associated with it in [year]"? |
The bank [Simple][simple.com] has three great features:
- [Safe-to-Spend][safe-to-spend]
- [Goals][goals]
- [Expenses][expenses]
The **Safe-to-Spend** balance is pretty simple: it's just the balance in your checking account minus the total amount set aside for goals and upcoming expenses.
```text
Safe-to-Sp... |
The bank [Simple][simple.com] has three great features:
- [Safe-to-Spend][safe-to-spend]
- [Goals][goals]
- [Expenses][expenses]
The **Safe-to-Spend** balance is pretty simple: it's just the balance in your checking account minus the total amount set aside for goals and upcoming expenses.
```text
Safe-to-Sp... |
I'm in a similar situation-- a house purchase with unequal initial investments in the down payment, with the intention to resolve the inequality over time. There are two items that are think are relevant to your situation which may make things clearer. I am not an expert on double-entry bookkeeping, so I apologize in a... |
**(ANSWER ASSUMES QUESTION IS U.S. BASED)**
--- **UPDATE** ---
IN RESPONSE TO DISCUSSIONS IN THE THREAD, it would be helpful if everyone knew whether you've actually *talked* to your landlady, or is your only communication the letter you say you received? It's also fair to ask, have you (or any other tenant yo... |
Lets say that Ram is a freelancer app developer and takes a contract for app development for $6K from an institution. With help of his friend Shyam he develops the app and delivers it to the client at their satisfactory level. However, Ram and Shyam want to ensure that the institution they build the app for cannot hold... |
Is there any insurance company which provides liability policy for app developers? |
In a very basic sense, stock is purchased for the ownership of a company. It’s price grows on the market following supply and demand, and as such the price of a single share may rise as the value of a company rises and more people want to buy that share than those willing to sell.
But why is the portion of a company g... |
Why does stock trade for more than the share’s intrinsic value? |
If I invest in mutual funds via one of the online brokers; such as interactivebroker, Fidelity, Vanguard, etc.; do I need to pay a %2 commission to the exchange in which the shares are bought?
If so, is there a way to circumvent paying this fee?
My bank told me that if I open an investment account at my bank and ... |
do I need to pay a %2 stock-exchange commission if I invest in a mutual fund via an online broker? |
I have a FICO 8 score that is fluctuating from 810-830 and the only reason code given is:
> Proportion of loan balances to loan amounts is too high
The only balance I have from month to month is my mortgage, which is 19.2% paid off, and I've made on-time payments for all 17 months since the start of the loan. The... |
How much of my mortgage do I need to pay off for the FICO "Proportion of loan balances to loan amounts is too high" reason code to disappear? |
GREAT answer, @mhoran. To the OP I say to keep in mind that a mortgage is not calculated as part of your "revolving debt", if anything it carries as installment debt, as it has a payoff date (even if it is in the distant future!).
Also, when looking at your credit, *some* of the models might penalize you if your mo... |
Suppose you buy 0.1% of a 100-acre farm that has a "book" value of $100,000. That farm earns (after expenses) $10,000 each year for a 10% return on its book value. Where do you think those profits go? Wouldn't your 0.1% of that farm be worth more than the $100 "book value" if it earns 10% per year?
Does it matter... |
If I invest in mutual funds via one of the online brokers; such as Interactive Brokers, Fidelity, Vanguard, etc.; do I need to pay a %2 commission to the exchange in which the shares are bought? If so, is there a way to circumvent paying this fee?
My bank told me that if I open an investment account at my bank and ... |
Must I to pay a 2% commission if I invest in a mutual fund via an online broker? |
What advantage do I gain by holding a mix of mutual funds over just VTSAX?
One oughtn't put all one's eggs in one basket. One mitigates risk by holding multiple distinct asset classes in multiple instruments.
If I buy today's high-flying stock, I risk its bankruptcy tomorrow. However, the risk of all the publicly... |
"Book value" is the sum of the individual assets of a company. But the whole point of the existence of the company is that the specific combination of those assets - in the hands of the owners - is worth MORE than the sum of those individual assets. Otherwise, why create the business at all? In this case, "worth more" ... |
I was just reading about how [Uber was ordered to pay $1.1M for denying rides to a blind person](https://www.theguardian.com/technology/2021/apr/02/uber-blind-passenger-ordered-to-pay). No doubt the litigant will only get a portion of that, with the rest going to lawyer fees, but, anyway, my question is... will the li... |
what tax form do you get for settlements? |
I will have a profit on one rental property and a somewhat smaller loss on another one. Will the loss on the second be deducted from the gain on the first before determining capital gains?
Do they need to be sold in the same year? (I am assuming that answer would be yes - but just checking). |
If I sell two rental properties in same tax year with one at a loss and the other a gain do they partially cancel each other? |
I recently began a 30-year fixed rate mortgage on my new house on April of 2020. The maturity date for this mortgage was then 04/01/2050. In their website, they had an amortization schedule with adjusted payments page wherein you can enter hypothetical principal-only payments and see how that affects the maturity date.... |
I am a landlord in Colo. I understand "normal wear & tear". But it's not the same as dirt, which is why I don't understand why it's not legal to charge for carpet cleaning, no matter how old it is, unless decrepit. I've found most new tenants are fine moving into new place with some normal wear and tear (though none i... |
My parents want to get life insurance and put it in a trust as a way to avoid taxes for the inheritance. Not talking about a lot of money (relatively) just like a million dollars (also not tryna brag or anything just want to give a scope). They think that taxes will be raised by significant amounts in the future. I sai... |
Life insurance as a way to avoid taxes? |
My parents want to get a million dollars of life insurance and put it in a trust as a way to avoid taxes for the inheritance. They think that taxes will be raised by significant amounts in the future. I said that it's not a good idea and life insurance is not a good investment. I told them that the money they put in wo... |
My parents want to get a million dollars of life insurance and put it in a trust as a way to avoid taxes for the inheritance. They think that taxes will be raised by significant amounts in the future. I said that it's not a good idea and life insurance is not a good investment. I told them that the money they put in wo... |
Welcome new users, just give one piece of information,
- Note that the "type of orders available" depends *on your broker*.
Those orders (beyond the basic ones) are a feature of the software of your broker. They're not sort of "built in to the universe" if that makes sense! (So, indeed you'll see questions on he... |
I have a FICO 8 score that is fluctuating from 810-830 and the only reason code given is:
> Proportion of loan balances to loan amounts is too high
The only balance I have from month to month is my mortgage, which is 19.2% paid off, and I've made on-time payments for all 17 months since the start of the loan. The... |
I'm aware that savings accounts in the US are restricted to 6 withdrawals per month, but what differences exist aside from that?
From what I understand, both are FDIC insured, meaning there's virtually no risk to the account holder.
95% of funds in savings account can be lent out by the bank and hence you receive... |
A Facebook friend of mine named "Eve Amar Saab" has asked me to send him money via Moneygram to him. He lives in Pakistan. However, he gives me a different name-"Shaban Masih Karamat Masih." Is this a scam or at least a red flag? |
You did not "sell" 50%…
You "sold" the whole thing when it was worth what the two of you agreed it was worth at the time, then bought back half of it at the different value the two of you agreed at a (very slightly) different time.
There was never any change in the overall value of the business… only in what th... |
So there are *soooooo many* places THIS question could go...!
**THE ONE TRUTH IS THAT WHENEVER SOMEONE HAS TO ASK, "IS THIS A SCAM?", THE ANSWER ALMOST ALWAYS SHOULD BE OBVIOUS -- YES!!!**
If you're unsure of the situation (and you know FAR MORE than we ever can) then your first reaction should be to follow your ... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.