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Personal Finance & Money : Recent Questions and Answers (Page 92)

Find answers to your questions about Personal Finance & Money or help others by answering their Personal Finance & Money questions.

Can an LLC be used to pay for expenses incurred before any revenue?

I want to establish an LLC for contract/consulting work, but there will be a fair amount of expenses incurred before I can hope to get some revenue. (e.g. hosting to...

Asked on 07/25/2021 by DCA

1 answer

Tax/legal effect on charity that received an anonymous winning lottery ticket?

I have a small NJ charity that supports homeless mentally challenged people. I received an anonymous donation of a winning lottery ticket. Can the charity collect the winnings? For taxes,...

Asked on 07/25/2021 by CowboyMC

1 answer

Future value with contributions NOT increased for inflation

Let's say one starts with a portfolio balance of $1,000 and wants to contribute an additional $100/year. Future returns are assumed to be 5%/year. Future inflation is assumed to be...

Asked on 07/24/2021

0 answer

Will rolling over my 401K into a traditional IRA have any tax consequences if modified adjusted gross income (MAGI) is above the IRS income limits?

I currently have a 401K account from my employer. I have had this account for the past 4 years. I wish to have better control over my investments made in...

Asked on 07/24/2021

2 answer

What’s the difference between inflation and inflation tax?

I get that people seem to be using the term inflation tax as a metaphor for understanding inflation, but it seems to be a bit more than that. We all...

Asked on 07/24/2021

5 answer

US nonresident alien tax when selling master limited partnership that has no Effectively Connected Income

A US nonresident alien wants to sell a few shares of a publicly-traded master limited partnership (MLP). The MLP happens to generate no Effectively Connected Income (ECI), and has never...

Asked on 07/24/2021

0 answer

Are government bonds really risk-free?

When I read finance textbooks, I read things like "assume that the risk-free rate is equal to the yield on 30-year government bonds", "the government bond earns at the risk-free...

Asked on 07/24/2021

2 answer

Would a call option with one strike price be worth more than a call option with two different strike prices?

For example, say there is a call option with a strike price of $50 for a stock. Now, say there is another call option for the same stock with a...

Asked on 07/24/2021

1 answer

Where can a normal person get the same leverage Bill Hwang got to buy stocks?

Please don't argue about how risky or irresponsible such a trading strategy is. Many financial publications described that Mr Hwang got a leverage of about 1:5 meaning for each $100...

Asked on 07/24/2021

2 answer

WPK.TO dividend date

Winpak's press release notes:Winpak Ltd. (TSX: WPK) announces that at a meeting on June 23, 2021, the Company's Board...

Asked on 07/24/2021 by sofname

1 answer

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