Query by Ad Just: ING Direct savings account tax types 1099 INT and 1099 OID?
I have a savings account from ING Direct and earned about $ 500 dollars of interest last year. I was wondering if I had to file both a 1099 INT and a 1099 OID tax type? Or just a single? thanks.
Best answer:
Answer by Bob F
You have to report whatever ING sent you – if both, then report both.
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Query by CRFI: What was the 700 billion Paulson´s program for?
Ideal answer:
Answer by Yet another Bolshevik
Right after the Lehman Brothers debacle, the Paulson $ 700 billion program was urgently introduced to purchase “toxic assets» relieves the financial method from their destructive burden. It was lastly voted in Congress with no avoiding a political crisis- and without convincing that the program will be ultimately effective. Even from this sum, $ 250 billion had urgently to be re-directed to re-capitalize and partially nationalize the 9 strongest US banks. The Paulson Plan attacks as the main problem illiquidity although the correct core difficulty is insolvency. Securitization dispersed globally the dangers and made bankruptcy dangers opaque, destroying hence any creditworthiness and freezing the credit lines. Lending by banks was over-extended, sometimes 60 instances more than their assets, creating them now candidates to file for bankruptcy. The Paulson Plan offers some temporary relief to the Wall Street magnates even though the taxpayer ‘Main Street’ has to spend the bill. It transfers one more component of the large private debt to the public debt of an already over-indebted America.
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Question by alat: Is accounting a rewarding business profession?
Ideal answer:
Answer by Stargazing
It depends on what YOUR definition of rewarding is. Admittedly, it is tedious to study for at times (lots of numbers, memorization of accounting rules, and so on). But as a profession, I consider it is quite rewarding. The spend is great, demand for accountants is growing, and the career path makes it possible for for professional growth and growing responsibilities. You genuinely have a chance to make a distinction. Look at the current economic meltdown. Some of it could have been avoided if correct accounting procedures had been followed at the banks with issues like gains on securitization.
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Query by srinath p: what is the cause stock market is going in lossess from last handful of weeks?
Best answer:
Answer by BATMAN
u.s. sub prime mortgage woes.
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Query by Ashley C: Explain the Securitization Meals Chain?
Soon after watching the film, Inside Job, I learned that the Securitiziation meals chain led to the 2008 economic collapse. I never really understand it though. I know that a particular person wants a loan, banks had been giving out higher interest loans to individuals who could not afford them, but then i am confused. Who do the banks sell the loan to??
Best answer:
Answer by Atlas
I’m not an financial expert, so I hope this answer aids. The banks (lenders) sell the loan to an “Investment Bank”. The investment banks combine other debt (house loans, auto loans, credit card debt, and so on.) into complicated derivatives identified as Collateralized Debt Obligation or CDOs and sells that to investors.
The way it use to work, you (the purchaser) would spend back the loan to a lender over a period of a few decades. Now, the payments on the loan go straight to the investors of the world.
The high interest loans you speak of are known as “sub prime loans”. A lot of individuals were place into sub prime loans strictly since the interest price was higher, even although the borrower could not afford the loan. The worth of houses from 1996 to 2006 went up 194%. In that period of time, sub prime lending went from $ 30 billion to $ 600 billion.
In my opinion, “deregulation” was the widespread denominator in what led up to the 2008 financial collapse.
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Query by Abuni J: what are the major attributes of assets securitisation?
Greatest answer:
Answer by Countessa
Assets securitization in banks and economic institutions. The procedure of securitization exists in two simple forms as the balance and outdoors-balance securitization. The paper is specifically focused on the outside-balance securitization. Contemporary types of financial resources industry mobilisation refer to the basis of processes, subjects of securitization, technical and economical context, conditions, benefits and sensible implementation. Asset securitisation was very first used in the USA
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Query by thamsenman!: Has securitization ruined America?
Has the packaging of mutual funds, bonds produced America much less safe?
Correct they have returned much better than bonds, money, and so on. but at what emotional expense? Wouldn’t it just have been greater to earn 4% making use of treasuries/CDs with no care in the world than ten% with every care in the world?
Greatest answer:
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finance, economic management, Brigham, CFO, economic selection, corporate finance, business finance, monetary economics, financial markets, financial insti…
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Are you conscious of this new sort of economy and how to use it to your benefit? Sharing – it’s anything most of us learned in Kindergarten, but in current mon…
Question by American citizen and taxpayer: What is the lead to of our financial problems?
And what (if something) should the government do to combat the problems?
One more question:
http://answers.yahoo.com/question/index_ylt=AvVoVBmBZij40gcBoIOXKnfsy6IX_ylv=3?qid=20090302061831AA40iOq
Ideal answer:
Answer by OGCJM
Element of it is the illegal immigration problem. There are millions more than here mooching off of U.S. tax paying citizens it is horrible. They are bleeding California dry proper along with hospitals, public schools and the tax payers wallets! They should be deported when found, our borders secured (which they ought to have been ever since 9/11), enforce our immigration laws, jail/fine anyone that employ illegals, take away every freebie they get, and so forth.
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Question by X-Malleus: What specifically is a finance charge, and beneath what situations will I require to spend one?
Fairly a lot specifically what the main query says. I have no thought what a “finance charge” is. For instance, would I be charged a finance charge if I charged a acquire, and then paid the balance instantly?
Any further details that could be offered would be great, as I am contemplating acquiring my first credit card, and want to know every thing I can so that I don’t get myself into trouble.
Greatest answer:
Answer by Kaiden
A “finance charge” is the fee you pay the bank for the comfort of them letting you borrow funds. Some banks calculate your finance charge primarily based upon your typical every day balance inside the month, even though some calculate based on your balance at the time your invoice closes.
When you go about signing up for a credit card, the information will let you know what variety of APR you’ll be acquiring. With it becoming your 1st credit card, you are likely to get an APR about 20%. That means, the interest you will be charged YEARLY is 20%. To uncover what you’d be charged monthly, simply divide it by 12 it would finish up being 1.67% per month.
As an instance, if your balance was $ 100, your finance charge would be $ 1.67. That sounds low-cost, but just keep in mind, it adds up.
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Question by Greg’s Wife: How significantly does it expense to run this heater – 1200w?
I have a space heater that is 1200W and 120V. Our energy firm charges are below – I have no thought what it all indicates. I am just attempting to find out how significantly it would cost to run this heater say for 1 hour in a 500sq ft room (continuous heating). Even a ballpark would be nice. Thanks!
Rate_200W_ten-18_TO_11-17
Electric Power Supply Charges
KWH Charge-Energy 1562 KWH § .047517 $ 74.22
Power Provide Price Recovery 1562 KWH § .019530 $ 30.51
Electric Delivery Charges
Method Access Charge $ six.00
Elec Distribution Charge 1562 KWH § .026082 $ 40.74
Delivery Surcharges£ $ 9.49
Securitization Charge 1562 KWH § .001269 $ 1.98
Securitization Tax Charge 1562 KWH § .000535 $ .84
Palisades Plant Sale Credit 1562 KWH § .004383- $ six.85-
Total Electric $ 156.93
Very best answer:
Answer by woodtick314
You are making use of 1.2 kW per hour. So adding in the charges, you have $ .099316/kWH. Multiply by 1.2, offers you an hourly cost to run the heater at $ .1192, or 12 cents an hour. Hope this assists.
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Alkhabeer wins best World Finance awards
Alexander Redcliffe, editor, World Finance said: “We would like to congratulate Alkhabeer on its double win this year with awards for Ideal GCC Asset Management Business and the outstanding efficiency and contribution of its executive director and CEO …
Read a lot more on Trade Arabia
Suzuki and UDC Finance Deliver New Dealer Finance Goods
Suzuki New Zealand and UDC Finance have joined forces to offer Suzuki Finance-branded goods across their dealer network. With sales for the Suzuki brand in New Zealand growing, and new organization needs about dealership floor plans …
Study much more on Scoop.co.nz (press release)
Query by Thanks!: What is happening with the US economy?
can an individual clarify what has recently been happening in the stock market place…aka fannie could….AIG…and so on…
Greatest answer:
Answer by Chuckie<3Bobby
It is basically going down … in flames.
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Question by S1m0ne: Why do so a lot of folks not want True modify in 2012? Ron Paul for President!?
He is not the politics like usual kind of particular person. He is trustworthy, friendly and has what it takes to turn this country about. He has stood up for what he genuinely believes even if his fellow colleagues say otherwise and he has years of encounter in American Politics.
And of course, let’s not overlook. He predicted the recession.
Why do many folks not want True adjust in 2012?
Greatest answer:
Answer by John Prestwick
You would not get any modify at all due to the fact he’d veto every thing Congress passed, except for the overides.
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Los Angeles, CA (PRWEB) Might 27, 2013
A lot of building firms are strapped for money as a result of slow pays, couple of projects, limited income and developer bankruptcies. This puts building firms in a tight financial pinch. A lot of have trouble meeting payroll or acquiring supplies to total the project. Traditional lending is not an selection so they have to appear elsewhere for funding. Due to the fact of this, VMI LLC has announced a new quick track building gear financing plan that offers working capital to companies that own heavy equipment free and clear. With this new system, loans against equipment are an alternative to conventional lending choices.

The types of heavy equipment regarded as are excavators, loaders, tractors, dozers, scrapers, graders and even trucks. VMI is 1 of the handful of firms that will accept titled automobiles like dump trucks, water trucks and rigs. Most brands are accepted such as John Deere, Caterpillar, Hitachi, Volvo, Peterbilt, Kenworth, Freightliner, Komatsu, Case and New Holland.

Beneath this new quick track building equipment financing system, the building companies pledge their free and clear heavy gear as collateral in exchange for an asset primarily based organization loan. The loan proceeds can be employed for functioning capital, components, payroll or nonetheless the business wishes to use it. Each very good and negative credit varieties are accepted. The building gear qualifies for the loan not just the individual credit of the owner of the building company. Funding amounts range from $ 20,000 up to $ 2 Million. Funding requires spot in a matter of days not months.

Building equipment financing is the greatest solution for construction businesses that need to have operating capital. To help construction companies get the operating capital they need to have, VMI has a 3 effortless step method in which to get a loan against equipment quick. The initial step is to comprehensive the a single web page application. Step two consists of VMI reviewing the pledged building equipment for approval. Once approved, a formal approval form is sent to the applicant. The final step is funding. This usually takes three days from receipt of signed approvals.

About VMI LLC:

VMI LLC gives construction equipment financing for businesses that require functioning capital. Building equipment funding is available for tractors, excavators, bulldozers, loaders, graders, scrapers, dump trucks, cranes, forklifts, backhoes, steers and other heavy gear. Working capital loans are approved primarily based on the gear, not just credit. For more data on receiving a functioning capital loan employing gear, please pay a visit to http://www.financeheavyequipment.com





Discover More Finance Press Releases
Question by Who’s Your Daddy Now: Seeing as how Republicans got us in this mess, ought to they be taxed at a higher price to pay it off?
Best answer:
Answer by Philip McCrevice
Funny.
Dems had been in handle of Congress when the economy tanked.
In fact, when Republicans had been in charge of Congress, we were cruising financially. Despite the loans to the dem voter base that ought to never ever have been allowed.
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Dallas, Texas (PRWEB) May 27, 2013
By all measures, North Texas is going to have yet another dry and hot summer season. Since the region is currently in a drought condition (source: http://droughtmonitor.unl.edu/), the condition of the expansive soil is only going to degrade even additional. Last year, the North Texas area experienced a spike in foundation repairs for the duration of summer due to the extreme drought. Some buyers had been poorly serviced by Chuck-with-a-truck type of firms, says Julie Goines from Premier Foundation Repair Inc. Flight-by-night companies that sprung up and disappeared prior to the summer was more than, leaving some residence owners without further support.

The specialists at Premier Foundation Repair Inc have been repairing foundations in Dallas for over 30 years and are not leaving anytime quickly. In truth, to deal with to extra load, they have expanded their staff to better service their consumers. If a homeowner suspects there might be foundation problems with their residence, they need to not wait to have it checked out. Many times factors can be enhanced by fixing the root lead to of the foundation issues, like drainage, vegetation about the home or suitable irrigation.

Premier Foundation Repairs Inc gives free of charge inspection and consultation in addition to financing if needed by the residence owners. Utilizing the financing option allows them move forward and not delay the foundation repairs before things get worse.

Get in touch with Premier Foundation Repair Inc or go to their site for tips on how to avoid foundation repairs and make your inquiries about your residences scenario.

——

Premier Foundation Repair Inc.
http://www.premierfoundationrepair.com/
3767 Forest Ln, Dallas, TX 75244(972) 417-0823
(800) 705-7370





Associated Finance Press Releases
Question by Pick_a_Name: Buffett Blasts Low Taxes On Billionaires, Says Congress Must Stop Coddling Them?
http://finance.yahoo.com/blogs/daily-ticker/buffett-blasts-low-taxes-billionaires-says-congress-must-142239366.html
He said his tax rate is lower than is secretary’s and he finds this unfair. Anyone seen this? or thoughts on it?
Best answer:
Answer by SugarBear
He should pay his secretary more.
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Question by BrianthePigEatingInfidel: How is the Community Reinvestment Act to blame for this mess?
In 1995, as a result of interest from President Bill Clinton’s administration, the regulations for the CRA were strengthened.
These revisions were credited with substantially increasing the number and aggregate amount of loans to low- and moderate-income borrowers for home loans. These changes were very controversial and as a result, the regulators agreed to revisit the rule after it had been fully implemented for seven years. Thus in 2002, the regulators opened up the regulation for review and potential revision.
Part of the increase in home loans was due to the emergence of lenders, like Countrywide, that do not reduce loan risk with savings deposits like traditional banks do, using the subprime authorization that was in the CRA. This is known as the secondary market for mortgage loans. The revisions allowed the securitization of CRA loans containing subprime mortgages. The first public securitization of CRA loans started in 1997 by Bear Stearns. The number of CRA mortgage loans increased by 39 percent between 1993 and 1998, while other loans increased by only 17 percent.
Other rule changes gave Fannie and Freddie extraordinary leverage, allowing them to hold just 2.5% of capital to back their investments, vs. 10% for banks. By 2007, Fannie and Freddie owned or guaranteed nearly half of the $ 12 trillion U.S. mortgage market.
Now, since the CRA is entirely a creation of the Democratic party and its leftist elements, how can anyone pin the blame on the Republicans, who actually tried to reform it in 2003?
Yes, Joan. But unlike the countries that you have wet dreams about, the ones with their epaulet-laden “el presidentes for life,” being president of the United States accords no such dictatorial powers. And get this, EVEN IF his own party is in power, he still doesn’t have control unless his party has a 2/3 supermajority. And at no time since Gingrich delivered the house to the republicans did they ever have a supermajority.
Deb M: Interesting you say that dems in power now can’t get anything done because republicans are blocking it, but then ask why republicans couldn’t pass reforms in 2002-2003. Funny you should apply such a double standard without even wincing.
Fact is, the republicans TRIED to reform it. It was blocked by the two biggest recipients of Fannie Mae contributions, Barney Fwank and Chuck Schumer.
Just because you have a simple majority does not mean you can do whatever you want.
gabriel bell: There was no bill that brought the changes in 1995. The original act in 1977 gave broad regulatory powers to three agencies: Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the Office of the Comptroller of the Currency. They made the regulatory changes within the power they already had under CRA 1977. It did not require congress to approve.
Best answer:
Answer by Joan S
Yeah. That must be it. Never mind that Bush has been in office for nearly 8 years. Not like he had any opportunity to have an impact?
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Question by Help: Economic Questions please help me?
1) All other things being equal among the banks below, which bank is the least likely to become insolvent?
a) Bank D with assets of $ 400 million and liabilities of $ 310 million
b) Bank C with assets of $ 200 million and liabilities of $ 120 million
c) Bank A with assets of $ 100 million and liabilities of $ 80 million
d) Bank E with assets of $ 100 million and liabilities of $ 60 million
e) Bank B with assets of $ 100 million and liabilities of $ 70 million
2) _______ capital specifies the amount of capital financial institutions should hold based on the riskiness of their assets.
a) Securitization-based
b) Risk- based
c) Leverage-based
d) Regulatory
3) Rising savings rates in emerging countries in the period 2000-2008 are associated with both falling and rising mortgage interest rates in the United States.
a) True
b) False
Best answer:
Answer by Aleconomixt
a) Bank D with assets of $ 400 million and liabilities of $ 310 million
b) Risk- based
a) True
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