You should not waste your time. You have nothing at to indicate that they "broke it in the first place".

They charged you for a repair that they performed. They didn't guarantee that the repair was going to fix the check engine light. This is simply the nature of having your car repaired. Usually the mechanic is correct about the issue and the repair is sufficient to address the problem. Sometimes it is not and additional repairs are required at additional cost.

My company is 100% vested from start date.

At least you two have the sense to sit down and have these conversations early on in your engagement and fix them. You wouldn't believe how many people post on here blindsided by their spouses horrible financial situation after 10 years of marriage.

Opening an account and getting him banked will be huge. From his perspective it shouldn't change much: he can still pay with cash, it will just come from a bank card instead of a Venmo card. And the good news about having no record of his income is... there's no record of his income. As long as he pays what he owes from here on out and follows a tax professional's advise he should be fine. The IRS isn't going to start investigating how much people paid for their tattoos any time soon.

Why so much cash?

Any possibility to refinance a non investment property and roll in some of the investment debt?

I had a bank call me a couple years ago wanting to refinance my investment property before they realized it was an investment property and we were able to switch gears and refinance My primary and pay off the investment mortgage and roll it all into my main mortgage and it wasn't a cash out somehow magically...

It's probably also because the further you get into kept yesr the busier they are going to be. They can probably pre-prepare a ton of the documents and then just fill in specifics later, at least I would assume so. Seems like they really just want to button up what forms they are going to need and make sure you have a list, etc to provide them as they become available.

Thats just my thoughts though I'm not a cpa nor do I run a business.

Americans pay taxes on their world wide income

I downloaded a popular credit checking app that I had seen like a million ads for and it recommended several secured cards. I was able to get a secured card from a major credit card company with a credit score of around 500. They would have allowed me to deposit up to $1,000 but I only did $200.

You may be interested in our regional index.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

Thanks for the response!

I’ve tried YNAB, and it didn’t really work for me. There are a few things that I like to look at on a monthly basis that YNAB doesn’t do. Spreadsheets work best for me at this point.

Are you saying you made non deductible contributions to an ira? Or did you deduct them on your taxes?

Did you file your form 8606 each year?

[deleted]

Ok.... but couldn't we do this Jan 1 with the actual numbers instead of estimates and call it my return instead of my mock return?

He insisted on helping me, and I'm ultimately so incredibly grateful. I've never gotten help like this so I'm anxious about making the smartest choice! All he asked for this year since giving me the money was to buy a plane ticket to see him, I plan to surprise him soon.

So I’m of the opinion that unless you go to school for engineering, specialties like healthcare, financial - college is quickly reaching the point of not worth the cost investment. I say that to say I get where you are coming from.

So if not doing a 529 you have a few options.

1. Real Estate Investment which is passive income for you and them. The money/equity would appreciate and you’d be generating passive income that they could either take over and/or you could take out equity in 25 years or so.
2. Stocks. I get not wanting to lose the money and you won’t really lose savings but cds at best “might” keep up with inflation. Historically if you stuck money in an index fund S&P as an example, you’d never lose money on any 20 year period. You’d typically would gain quite a bit. So you wouldn’t have ot baby sit it but just ike your 401k you’d have to realize you’d have some very good years (last 10 before 2022) and some not great years ike this year. But over the lifetime of it you’d appreciate quite a bit.

$1050 is too high. $663 is great.

If you want to live in the $1050 per month apt, you’ll need to increase your income.

I’m in CA so there’s no added tax benefit to me

I max out my 401k

If your credit is actually zero I think it's unlikely you'll be approved for a co-branded airline card from a major bank or have high enough of a credit limit to purchase international flight tickets on. That said, it's a great idea to use a credit card for the trip since many offer 0% foreign transaction fee and another layer of purchase protection.

I personally prefer straight cash back cards instead of airline cards since it doesn't lock you in to a particular company and it's easier to get rewards when you want it, but it's ultimately up to you.

Thanks for your insights. I guess I'm having a hard time understanding how crunching a bunch of numbers based on estimated revenue and expenses and then redoing them with the actual numbers doesn't create some double work. Also, we're only 31 days from being able to do all of this with the actual numbers.

I should also point out that I have the world's least complicated business. I could put all of the info together that she needs to do my taxes in maybe 2 hours.

Yeah, I asked her about it and her response was super vague: "You can do an additional year-end payroll to pay additional taxes. That’s why we do planning now too." That was the entirety of the message.

Getting a surprise for one of my parents who can see my transactions

What company? I have a policy with a major National insurer. They typically cover as long as mom and grandma gave permission.

You’re still better off with an account in your child’s name and investing in broad index funds. A CD or better savings account is safer, but it isn’t better. Over long timelines, like the next 18+ years, if the market behaves like it always has then it will go up more than any other safe investment will.

Yes it would. Your rent should be a third of your monthly take home. Rent costing $1050 would be 42% of your monthly take home.

I’ve never done an amendment before. Bummed that free fillable forms is gone. What’s the best way to dk that?

Or assuming I don’t file any amendments and sort of just fix it going forward, how would I do that, say with FreeTaxUSA or similar?