junar

> As far as I can tell, most other countries with successful mathematics cultures operate more like this.

Which country do you mean? As far as I'm aware, it's the opposite: countries like China and South Korea have math as a required subject on their college entrance exams for all students. The non-STEM students may have fewer requirements, but I'm fairly sure they've still learned more than the average American high school student.

https://en.wikipedia.org/wiki/Gaokao#Reform_of_the_National_...

https://en.wikipedia.org/wiki/College_Scholastic_Ability_Tes...

https://medium.com/@yujia_jo/2016-jiangsu-gaokao-national-hi...

I agree that she's probably made some mistakes with her image across her college application essays, and that publicizing with the WSJ is unlikely to do her any favors either.

Applying to multiple Ivy and other top-ranked schools is fairly common. "Business" isn't a super specialized academic area, so I doubt any of the top schools are going to be that much better or worse than the others.

UT Austin has competitive admissions for certain majors, regardless of automatic admission to the school. The article notes that she only got accepted to the school, not her preferred major.

In the end, I think the biggest mistake is setting her sights too high. She should have known that she could have been rejected from most of these schools, and she could have applied to more schools on a similar level as UT Austin.

If a particular box is not there, you can generally assume it was blank. Brokerages tend to produced a condensed 1099-B to save space: it would be very cumbersome parsing hundreds of pages of a full-IRS-layout 1099-B.

In practice, the condition for Exception 2 is "the 1099-B is already correct and you don't need to make further adjustments". Because if it isn't, you might as well fill out Form 8949.

It's definitely possible to have tax software summarize, although I suppose they might not do it by default.

https://ttlc.intuit.com/community/entering-importing/help/ho...

This is not true for most folks, who can use one of two exceptions that allow summarizing. Exception 1 allows you to simply report totals on Schedule D. Exception 2 has you file Form 8949 with summarized rows, as long as you attach a statement with the detailed transaction info (the brokerage 1099-B generally suffices).

https://www.irs.gov/instructions/i8949#en_US_2021_publink594...

These are the very same exceptions that tax software uses.

Would not recommend. If you happen to owe, you would most likely incur a 20% accuracy-related penalty. Also, interest accrues from the filing deadline on both the unpaid tax and the penalty.

https://www.irs.gov/payments/accuracy-related-penalty

Yes, of course.

> A broker or barter exchange must file Form 1099-B for each person: > For whom the broker has sold (including short sales) stocks, ... etc., for cash

https://www.irs.gov/instructions/i1099b

To elaborate on the GP comment, the issue is not whether the brokerage reports, but how they do it. You generally compute capital gain income as (sale price) - (acquisition price). If you buy a stock on the market and sell it, brokers generally report both sale price and acquisition price to you and the IRS.

But for employee stock compensation, the broker can report sale price without acquisition price to the IRS. If you don't report the acquisition price yourself, the IRS will think that it's 0, and assume your income is much higher than the real value.

> For example, you'd need to hand-enter every stock trade (even automated re-investments) even though your broker likely already electronically sent this information to the IRS.

This is not true for most folks, who can use one of two exceptions that allow summarizing. Exception 1 allows you to simply report totals on Schedule D. Exception 2 has you file Form 8949 with summarized rows, as long as you attach a statement with the detailed transaction info (the brokerage 1099-B generally suffices).

https://www.irs.gov/instructions/i8949#en_US_2021_publink100...

These are the very same exceptions that tax software uses.

1098-T forms are notoriously unreliable. Schools will often misclassify or omit scholarships and payments. And you might have additional educational expenses like books that aren't listed in the first place. It doesn't excuse your experience, though; that tax preparer should have made a better effort to understand the figures.

Out of curiosity, was the tax preparer actually a licensed CPA, or just someone with no professional credentials? If they were a CPA, did they prepare individual tax returns regularly or only as a side job?

Why do you think you'll lose your Android app purchases? This comment thinks otherwise.

https://news.ycombinator.com/item?id=29997504

For what it's worth, I came across this passage:

> After 60 days in suspension, you will no longer have access to Google Workspace core services, such as Gmail, Calendar, and Meet. You may still retain access to additional Google services, such as YouTube and Google Photos.

https://support.google.com/a/answer/60217

Not who you're replying to, but my take is that if everyone complied with their tax obligations correctly, nobody should have filed or owed taxes. The kid should probably have been a household employee. A household employee under the age of 18 is exempt from Social Security and Medicare taxes.

https://www.irs.gov/taxtopics/tc756

In addition, if they made less than their standard deduction, there would also be no income tax liability or filing requirement.

What probably happened was that the kid was incorrectly sent a 1099 form. This is wrong for two reasons. First, it's not needed for a personal residence or rental properties for investment, only for businesses. Second, a household employee is not a contractor, and should generally receive a W-2 (or nothing at all, in the kid's case).

Yes, as long as the amount you repaid exceeds $3,000.

https://www.irs.gov/publications/p525#en_US_2020_publink1000...

At least in the US, the gym has to be exclusive to employees and their families to qualify for a tax benefit.

> You can exclude the value of an employee's use of an on-premises gym or other athletic facility you operate from an employee's wages if substantially all use of the facility during the calendar year is by your employees, their spouses, and their dependent children. For this purpose, an employee's dependent child is a child or stepchild who is the employee's dependent or who, if both parents are deceased, hasn't attained the age of 25. The exclusion doesn't apply to any athletic facility if access to the facility is made available to the general public through the sale of memberships, the rental of the facility, or a similar arrangement.

https://www.irs.gov/publications/p15b#en_US_2021_publink1000...

The employee needed more cash to 1) exercise the options, and 2) pay the taxes on the income from the discount of the option. They weren't able to exercise at all without this extra money, so they necessarily need either immediate income or a loan.

Also, private companies typically restrict an employee from transferring their stock. That's why employees are stuck waiting on an IPO, acquisition, etc. in the first place.

> For example, the 3rd party does not loan the the funds to exercise, but directly pays the cost.

That wouldn't work. "Paying the cost" would immediately result in taxable income to the employee, instead of realizing the income a few years down the line when the debt is canceled.

There's no free lunch here. The 3rd party lost money too, because they couldn't collect the debt. If the 3rd party wanted to fully protect the employee, they could have sent an additional payment to cover the taxes. But that just means the 3rd party suffers a greater loss.

This was Game 6. Magnus leads 3.5 to 2.5. There are only 8 more classical games remaining.

The rounding is baked into the law.

> I.R.C. § 219(b)(5)(C)(ii) Rounding Rules — If any amount after adjustment under clause (i) is not a multiple of $500, such amount shall be rounded to the next lower multiple of $500.

https://irc.bloombergtax.com/public/uscode/doc/irc/section_2...

My reading of the original comment is that their income is actually too low; that is, they have access to a 401(k) plan, but wouldn't be able to save $20,500 after paying for all their expenses.

If your employer offers a match in their 401(k) plan, it's generally better to contribute as much as possible, at least until you maximize the match.

Keep in mind that the limits can only increase by $500 increments. $6500 / $6000 ~= 1.083, which is still a larger fraction than $20500 / $19500 ~= 1.051.

The UHD 770 is in fact current-gen integrated graphics. It has the same modern features like DP 1.4a, HDMI 2.1, etc., which allow higher resolutions/refresh rates compared to older products like UHD 630. The main difference is fewer execution units compared to the Iris Xe-branded graphics.

https://en.wikipedia.org/wiki/Intel_Graphics_Technology#Twel...

Also, so far they've only put Iris Xe on 4-core/8-thread laptop CPUs; all their high-core-count laptop CPUs have the same reduced-execution-unit pattern as the desktop ones. To me, there seems to be some tradeoff between integrated graphics and CPU performance.

States can't unilaterally decide that either. Federal law[1] determines which state is in Pacific/Mountain/etc. zones.

[1] https://www.govinfo.gov/app/details/CFR-2003-title49-vol1/CF...

I wonder if the small sample size distorts the figures. Caltech has only ~220 undergrad students per year (across all majors). And it seems there are two similar majors split up into separate rows.

1; California Institute of Technology; Computer and Information Sciences, General; $4,409,147

22; California Institute of Technology; Computer Science; $2,812,200

I think the article messed up there. The FBI press release claims that they did use the coupons themselves. Maybe the link should be changed?

> Talens not only regularly used her own coupons, but she sold them to a large group of subscribers who found her through social media groups.

https://www.fbi.gov/news/stories/woman-sentenced-for-coupon-...

You are conflating two different tax benefits.

The Foreign Earned Income Exclusion essentially sets your tax rate to 0% for the first $108k of earned income. It has no effect on earned income in excess of this threshold, or on unearned income such as investment income.

https://www.irs.gov/individuals/international-taxpayers/fore...

The Foreign Tax Credit subtracts your foreign tax liability from your US tax liability. In other words, you only pay US taxes to the extent they exceed the foreign tax rate. You can use it on any type of income, but you only get a benefit if the foreign country actually taxes the income.

https://www.irs.gov/individuals/international-taxpayers/fore...

You may not double dip: So if you choose to take FEIE for some part of your income, you cannot take FTC on the same part of your income. However, you can take FTC to the extent you have income not eligible for FEIE.

Author said he had NSOs. AMT only applies to ISOs. The income from NSO exercise is taxed at ordinary income tax rates. Depending on his other income, the tax can be lower or higher compared to AMT rates.

A broker typically sends both you and the IRS a 1099-B reporting the details of the sale of stocks, etc. Having this form makes your tax filing relatively easy.

Cryptocurrency exchanges don't necessarily issue these forms, which means that the taxpayer has to report the details themselves. In particular, the IRS wants each transaction reported on a separate row of Form 8949, which may be laborious for those with many transactions.

(Note that an acceptable alternative is summarizing on Form 8949 itself and attaching details of the individual transactions separately. See "Exception 2" at https://www.irs.gov/instructions/i8949#idm140393400093152)

Short answer is that it doesn't. Form 8949 has zero support.

It's written in C. You can see the code here: https://sourceforge.net/p/opentaxsolver/SrcCodeRepo/HEAD/tre...

Well, TurboTax happens to be the most widely used large commercial tax software, and the brokers you mentioned are also quite large and popular. Whatever integration has been done is almost certainly proprietary and not freely reusable.

Hypothetically, even if an API existed, building the integration in your own app also costs FTE hours that are likely drawn away to higher priority tasks.

The story of ReadyReturn in California is a pretty clear example.

https://www.npr.org/transcripts/521132960