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I incorporated an LLC as a non resident non etbus sole owner and my employer is asking for a W9. When I offered a W8 instead, they declined and stated I need to provide them the W9. I’m looking for resources to tell them I should not send them one but the IRS is vague and some blogposts say this but doesn’t seem to con... |
W8 and/or W9 for disregarded LLC? |
I incorporated an LLC as a non resident non etbus sole owner and one of my clients is asking for a W9. When I offered a W8 instead, they declined and stated I need to provide them the W9. I’m looking for resources to tell them I should not send them one but the IRS is vague and some blogposts say this but doesn’t seem ... |
I'm working on a loan in California and the bank will offer me a discounted rate if I have more assets on deposit with them.
I have the assets on deposit with vanguard in admiral shares (so not readily transferable to the other bank) I could liquidate those and move the money into the bank, then move it back to the ... |
Can I defer capitals gains tax on stocks if reinvest quickly? |
This question is pretty specific, but it's worth a try. Apologies in advance for the length; I'm aiming to be as clear as possible.
In 2020, as a provision of the CARES Act, it is possible to take the standard deduction on federal income tax and additionally deduct up to $300 worth of charitable contributions (Form ... |
To answer the question as posed:
There is a trade-off where more stringent policies will cause people to use the services of the bank less, resulting in lower profits for the bank. Why else should credit card security remain so laughably bad, where you basically give a third party all the information necessary to wi... |
Robinhood has plenty of docs explaining the tax concepts with trading, and this is not particularly mysterious. But what I am wondering is what sort of documents to expect them to provide come tax time, and how that might vary by your behavior in the market.
Consider this totally improbable scenario-
Suppose you... |
Robinhood, daily buying and selling, and cryptocurrencies... What tax concepts to expect? |
I'm working on a loan in California and the bank will offer me a discounted rate if I have more assets on deposit with them.
I have the assets on deposit with vanguard in admiral shares (so not readily transferable to the other bank) I could liquidate those and move the money into the bank, then move it back to the ... |
In the year 2020, I switched from being a non-resident alien (NRA) to a resident alien (RA) for tax purposes. I'd come to the US in 2015 as an international student (F-1 visa).
For NRAs, using the capital losses reported in Schedule NER of Form 1040NR to offset taxable income is not allowed. Similarly, there is no c... |
As a new resident alien, can I harvest capital gain losses from previous years when I was a non-resident alien? |
I started doing dividend re-investment and as my spouse's brokerage account was at a different brokerage, so I noticed the different price for same etf e.g QQQ .
One of the brokerage gave reinvestment price at $338.87 and the other one gave $339.58804 per share.
It seems minute **difference**, but want to know wh... |
I understand your frustration at feeling as though banks may not care about fraud, but they do. You have to realize though that there are limits to what they can do. It is up to the police or other authorities to pursue criminal investigations, and to the extent the local laws allow it (in most jurisdictions even the p... |
Let's say I have a portfolio of futures for a long period (let's say 2000-2020).
All of my underlyings are equity indices.
I am always invested in the next maturity futures (thus I never wait for the maturity, I simply roll my contract). I have the time series of different futures (let's say ESc1 for the S&P 500,... |
What are some trading strategies that have high probability of small profits and low probability of catastrophic loss? I believe there is an academic term to describe a trading system that shows small consistent profits, but with the risk of a complete loss lurking around the corner. The typical equity curve of such a ... |
I incorporated an LLC as a nonresident non etbus sole owner and one of my clients is asking for a W9. When I offered a W8 instead, they declined and stated I need to provide them the W9. I’m looking for resources to tell them I should not send them one but the IRS is vague and some blogposts say this but doesn’t seem t... |
A client is asking me to fill a [W9 with my name and the LLC EIN instead of a W8][1] which seems to be wrong. What’s the worst that can happen if he sends the incorrect form to then IRS and who has to amend the potential issue? Can I be held liable in any way or is my client responsible for asking me and submitting the... |
What will happen if a client of mine’s send the IRS an incorrect form? |
I have just realized that if I ever sell my Bitcoin for fiat, the Swedish government is going to steal 30% of it. Yes, it's "only" on the "gains", but since I primarily bought them for next to nothing long ago, and did a lot of messy and confusing things over the years to gain more of them which I'm not eager to attemp... |
Is it legal and possible for me to start a "tax heaven" account in some distant country while still living in Sweden? |
Is it legal and possible for me to start a "tax haven" account in some distant country while still living in Sweden? |
I have just realized that if I ever sell my Bitcoin for fiat, the Swedish government is going to tax 30% of it. Yes, it's "only" on the "gains", but since I primarily bought them for next to nothing long ago, and did a lot of messy and confusing things over the years to gain more of them which I'm not eager to attempt ... |
We have been saving a little every month into our daughter's 529 account since she was born. She is now 10 years old, and the account balance is about $25,000. We intend to continue to make regular deposits into this account for another 10 years.
I (dad) still owe about $4,000 in student loans.
Does the 2019 S... |
Transfer 529 Funds from Child's Account to Pay My (parent's) Student Loans? |
We have been saving a little every month into our daughter's 529 account since she was born. She is now 10 years old, and the account balance is about $25,000. We intend to continue to make regular deposits into this account for another 10 years.
I (dad) still owe about $4,000 in student loans.
Does the 2019 S... |
Transfer 529 Funds from Child's Account to Pay Parent's Existing Student Loans? |
Which is more expensive, buying house or condo?
House seems like but my lover told me that I have to pay tons of bills
So I considered changing to condo. Is condo more better than house or not? |
Which is more expensive, buying house or condo? |
I have applied for a job as a translator in a UK based company via Indeed, working from home. Everything about it looked legit - regular contact information, adresses, interview (even though conducted by phone), normal job hours, employment contract ecc.
Was hired for a probationary period of 30 days, first day went... |
Possibile Job Scam? |
We have been saving a little every month into our daughter's 529 account since she was born. She is now 10 years old, and the account balance is about $25,000. We intend to continue to make regular deposits into this account for another 10 years.
I (dad) still owe about $2,400 in student loans.
Does the 2019 S... |
I have applied for a job as a translator in a UK based company via Indeed, working from home. Everything about it looked legit - regular contact information, adresses, interview (even though conducted by phone), normal job hours, employment contract ecc.
Was hired for a probationary period of 30 days, first day went... |
I started doing dividend re-investment and as my spouse's brokerage account was at a different brokerage, so I noticed the different price for same ETF e.g. QQQ.
One of the brokerage gave reinvestment price at $338.87 and the other one gave $339.58804 per share.
It seems minute **difference**, but want to know wh... |
I have applied for a job as a translator in a UK based company via Indeed, working from home. Everything about it looked legit - regular contact information, adresses, interview (even though conducted by phone), normal job hours, employment contract ecc.
Was hired for a probationary period of 30 days, first day went... |
I am under 18. I am from India. I do not have a bank account. I only have a phone number. What are other requirements for using PayPal, Paytm, etc.?
I also want to know what is UPI and how it works? And will I be able to use the UPI facility for PayPal, Paytm, PhonePe, Google pay, etc.?
Are there any services whi... |
Can a 16-17 year old open a PayPal/Paytm/Google pay account without UPI? |
I am under 18. I am from India. I do not have a bank account. I only have a phone number(not registered under my name). I also have passport, Aadhar card, etc. What are other requirements for using PayPal, Paytm, etc.?
I also want to know what is UPI and how it works? And will I be able to use the UPI facility for P... |
It's almost tiring to say this, but...
***IF YOU HAVE TO ASK WHETHER IT'S A SCAM, RUN!!!***
Of COURSE this is a scam, and it's a variation of the 'Nigerian prince' scam, where they send you a check, asking you to deposit it and then send a portion back to them or on to one or more others.
You could VERY easily... |
I have applied for a job as a translator in a UK based company via Indeed, working from home. Everything about it looked legit - regular contact information, addresses, interview (even though conducted by phone), normal job hours, employment contract etc.
Was hired for a probationary period of 30 days, first day wen... |
Is it a scam when a contract employer asks me to forward money to other workers through my bank? |
I am a US citizen living in the UK with my British husband. I file my taxes as married filing separately and my husband is not required to file with the US so has no SSN or TIN. I sealed up and mailed the return before writing NRA in the space for his SSN and am not sure what to expect. Will the IRS reject the return? ... |
I just mailed my 2020 federal tax return with my NRA spouse's SSN left blank. What outcome should I expect & what course of action should I take? |
A client is asking me to fill a [W9 with my name and the LLC EIN instead of a W8][1] which seems to be wrong. What’s the worst that can happen if he sends the incorrect form to then IRS and who has to amend the potential issue? Can I be held liable in any way or is my client responsible for asking me and submitting the... |
What will happen if a client of mine sends the IRS an incorrect form? |
Of COURSE this is a scam, and it's a variation of the 'Nigerian prince' scam, where they send you a check, asking you to deposit it and then send a portion back to them or on to one or more others.
You could VERY easily find yourself in deep legal hot water if what you're being asked to do is interpreted as money la... |
Of COURSE this is a scam, and it's a variation of the 'money mule scam' scam, where they send you a check, asking you to deposit it and then send a portion back to them or on to one or more others.
You could VERY easily find yourself in deep legal hot water if what you're being asked to do is interpreted as money la... |
It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ETF. The relatively conservative "Bogleheads" index investing community appears to subscribe this thinking; it advocate... |
Why are bond ETFs typically recommended for the purpose of diversifying into bonds? |
There have been articles written, Nike paid no Federal Income tax in 2020. However, looking at its Annual Report below, I see income taxes. So how are these news articles saying this?
* [No Federal Taxes for Dozens of Big, Profitable Companies](https://www.nytimes.com/2021/04/02/business/economy/zero-corporate-tax.... |
Is Nike paying income taxes as news media reports? |
There have been articles written, Nike paid no Federal Income tax in 2020. However, looking at its Annual Report below, I see income taxes. So how are these news articles saying this?
* [No Federal Taxes for Dozens of Big, Profitable Companies](https://www.nytimes.com/2021/04/02/business/economy/zero-corporate-tax.... |
Until now I've avoided sin stock, such as tobacco, for the typical "moral reasons" (define those as you will), in particular in order to **avoid raising their value** as a company by creating demand (even if it is a drop in the ocean).
However, [this article][1], in its second point argues:
> By refusing to buy a... |
Why are bond ETFs typically recommended for diversifying into bonds? |
What is the cost basis for my RSU? My 1099-B says $0 |
It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ETF. The relatively conservative "Bogleheads" index investing community appears to subscribe this thinking; it advocate... |
It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ETF. The relatively conservative "Bogleheads" index investing community appears to subscribe this thinking; it advocate... |
It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ETF. The relatively conservative "Bogleheads" index investing community appears to subscribe this thinking; it advocate... |
It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ETF. The relatively conservative "Bogleheads" index investing community appears to subscribe this thinking; it advocate... |
It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ETF. The relatively conservative "Bogleheads" index investing community appears to subscribe this thinking; it advocate... |
It seems that the conventional wisdom on portfolio allocation suggests that one should include a bond component in one's portfolio. The usual way that people gain exposure to bonds is by buying a bond ETF. The relatively conservative "Bogleheads" index investing community appears to subscribe this thinking; it advocate... |
I have worked as a software contractor before, for a company and they didn't have 401(k) plan at all.
And then I have worked at a different company, with something like, we can contribute, and for the first 4.5%, they'd match 100%. So most people put in 4.5% or 6%, and it was possible to buy stocks or any mutual fu... |
What is a 401k plan in some contracting agency that is 0% to 100% contribution and limited to 25 funds? |
**Granularity**
A single bond has quite a **high face value**. This may not matter for the institutional investor but makes it problematic for the average Joe who just may not have enough money invested to buy a single bond. This granularity also makes it very **hard to diversify** properly across multiple bonds and... |
**Granularity**
A single bond has quite a **high face value**. This may not matter for the institutional investor but makes it problematic for the average Joe who just may not have enough money invested to buy a single bond. This granularity also makes it very **hard to diversify** properly across multiple bonds and... |
**TL;DR:** Yes. Essentially it's "put away $X per year for Y years, and you will have $Z when you retire", where the source of X doesn't matter (your money or your employer's match).
___
If you look at [JTP's answer](https://money.stackexchange.com/a/14038/36669) to your linked question, you'll see that the 15% r... |
>I would construct a "bond ladder" consisting of individual bonds
Don't you think this is part of a bond ETFs strategy? Do you think they're holding extremely long-duration bonds indefinitely? What insight do you have that would make a bond ladder perform better in a rising-rate environment?
Holding a bond ETFs i... |
Your math doesn't add up (where is this $5,000 that you didn't receive?) but the cost basis for the shares you received (if taxes were withheld, which it sounds like they were) should be the price of those shares at the time you received them. 1099's often don't record the original price, so it's up to you to look up t... |
I'm sorry to hear that someone took (or *tried to take*) advantage of your willingness to trust, but that's how scam artists like this work.
Your post doesn't say exactly WHAT "supplies" you were supposed to buy to do the job, but whatever they were doesn't change the fact this was simply a way to con money out of s... |
So I'm just learning about opportunity zones. Please keep that in mind as you read this because it likely contains incorrect assumptions.
**The scenario** - I have an investment I made, that appreciated rapidly over the last year and now I'm subject to a massive amount of taxes if I realize this gain.
**My solut... |
So I'm just learning about opportunity zones. Please keep that in mind as you read this because it likely contains incorrect assumptions.
**The scenario** - I have an investment I made, that appreciated rapidly over the last year and now I'm subject to a massive amount of taxes if I realize this gain.
**My solut... |
## Background ##
My "side hustle" for a while has been the US Navy Reserve. I think I've stopped having fun, and I'm ready to quit and devote that time to my main job, my family, etc.
However, one of the major benefits of the Reserves is the retirement - If you complete 20 years of service, you get a pension wort... |
The typical way to value such payments is to think about it from an _investment_ standpoint. Meaning, how much would I pay for an [annuity](https://en.wikipedia.org/wiki/Annuity) (which is just a fixed series of payments) with some interest rate `r` that paid `P` dollars for `n` years?
The rate of return can be eit... |
Before I ask my question, I would like to tell that I am not from a Business background and therefore this might sound like a stupid question to most.
Recently, I watched a film based on Steve Jobs Biography, where at a point he meets an investor an negotiate like this
$90,000 Investment with $300,000 Valuat... |
Notice that this question does not involve lump sum investing.
Background/Own research:
------------------------
Since it is hard to come across someone/a website selling funds/stocks/... who does not tell you about dollar cost averaging, I wondered how big the effect is/whether it would be beneficial to take to... |
How/How much does volatility effect dollar cost average? |
The typical way to value such payments is to think about it from an _investment_ standpoint. Meaning, how much would I pay for an [annuity](https://en.wikipedia.org/wiki/Annuity) (which is just a fixed series of payments) with some interest rate `r` that paid `P` dollars for `n` years?
The rate of return can be eit... |
If the option price in market is zero, Can I buy it ? |
Can I buy an option that have zero price? |
I know that Revenue means Income-Investment. However in the context what is meant by revenue here? I do not think there is any investment involved when you take a tax. I feel this is extremely confusing as a topic. |
What is GST revenue? |
My ex-husband keeps trying to find out my banking information. We have been divorced for 3 years but still involved in the family court system. Over the past years, he's opened closed accounts, bought his girlfriend with him to the bank to get information pretending she's me, given out my social security number, filled... |
> I know that Revenue means Income-Investment.
Revenue means income. A person has income. Companies have income. A government has income.
Income can come from labor. Income can come from selling something. Income can come from collecting user fees, or from collecting taxes. You can also get revenue from inves... |
The price of an ADR is based on its underlying security's price on its home stock exchange. However, the home stock exchange is not necessarily open during the same hours as the US stock market. During those hours where the home stock exchange is closed, what are ADR prices based on?
Take BNP Paribas ADR ([BNPQY][1]... |
What are ADR prices based on when the underlying's stock exchange is closed? |
What are ADR prices based on when the foreign stock exchange is closed? |
So I'm just learning about opportunity zones. Please keep that in mind as you read this because it likely contains incorrect assumptions.
**The scenario** - I have an investment I made, that appreciated rapidly over the last year and now I'm subject to a massive amount of taxes if I realize this gain.
**My solut... |
[In an answer to this question][1], @dave_thompson_085 quotes the section from the Form 8960 instructions dealing with line 9b - allocation of state tax investment expense.
Reading the answer and the instructions, I am confused as to whether I can take this deduction if I am using the Standard Deduction on the Form ... |
We are a 501c7 mutual benefit social club of knitters. We all pay dues to cover rent, etc for our leased space. Can we contribute handmade crafts to sell to the public as a fundraising activity? |
Can a 501c7 have a fundraiser by selling handmade crafts? |
This is definitely a scam, and it's a variation of the 'money mule scam' scam, where they send you a check, asking you to deposit it and then send a portion back to them or on to one or more others.
You could VERY easily find yourself in deep legal hot water if what you're being asked to do is interpreted as money l... |
I am curious about the chance of buy a listed business.
Let's say I want to become the owner of Poste Italiane SpA
Can I buy 50%+1 stocks of [PST][1] in order to become the owner?
How much will I pay for the stocks?
[1]: https://www.bloomberg.com/quote/PST:IM |
How does a business worth? |
>Can I buy 50%+1 stocks of PST in order to become the owner?
It depends on what you mean by "become the owner". With 50% +1 of the outstanding shares you can control any shareholder vote (and get 50% of dividends etc.). There are still corporate governance laws and regulations in most countries, though, that may pre... |
I just realized that the 529 plan contribution deadline is the end of the calendar year. So my first-time 529 plan contribution that happened a few days ago should not be counted in the year 2020 tax return. I need to amend my tax return. My understanding is that the 529 plan only related to the state tax return. Am I ... |
529 college saving plan only affect state tax return but not federal tax return, correct? |
It seem that [Yahoo Finance](https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA) has recently included a new (?) field they call `Implied Shares Outstanding`. However, I cannot find the exact definition of this term anywhere. The only thing I can find is *Implied Value Per Share*, which is better known as *ear... |
Let's say I have an asset that has appreciated in value since purchasing it. Converting it to cash is subject to short term capital gains.
What happens if instead of selling the asset, it's loaned to someone else for the value of the asset and regular interest payments are made back to me until the asset is returned... |
Let's say that I have 100 ETFs of SPYD. The current Annual Dividend/Yield is $2.27/5.47%. Is that the case that after a year I'm going to get paid 100 * 2.27 = $227.00? |
How to calculate how much of dividends will be earned for an ETF? |
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