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FAQ

Shipping: I want to import five large containers of shoes from Italy to the US. What are my options to find out the cheapest prices for the quality I want?
You need a freight forwarder. When you say containers do you mean actual shipping containers or cartons/boxes of shoes.  I have sent 1000's of shoes from Italy to the USA.  Problem with shoes is that they take up a lot of volume and freight costs are all based on volume calculations. You will also need a customs broker. Many times the freight forwarders have their own customs broker in house which you can use to clear your goods through US Customs.  By the way, US Customs is now Dept. of Homeland Security and Border Protection. You will need to pay the customs bill directly to the broker and they will pay US Customs on your behalf.  There is no wiggle room here. You must pay on the exact date US Customs wants the money or there are HUGE penalties.  You will also need to post a bond. You cannot import without this. The Customs broker will give you all the details.  They will also need a power-of-attorney to make decisions on your behalf involving customs. You must know the composition of the materials in the shoes and how the shoes are put together. Are they made from leather, canvas, rubber, cement etc. If you import any exotic material such as snakeskin, crocodile, stingray, lizard, your shipment will be held pending inspection by Dept of Fish and Wildlife. You need a yearly permit to import those items into the USA. Get it before you import anything if you plan on using these materials at any time. After Fish and Wildlife clear your shipment then Dept. of Homeland Security and Border Protection need to clear it as usual.  Allow for delays here. If this is a one time import for your company you can pay to post a bond for a one time import.  If you will regularly do this, it pays to set up an account with US Customs (pay fees) as to not have to post a bond each time.To name a few forwarders that specialize only in shipping clothing type goods from Italy :  Savino Del Bene, Franco Vago, Port Brokers (that's their name) and JAS.  Don't forget the biggies: DHL, UPS and Fedex.  Do not count the biggies out. They are competitive and offer a great service because every step can be tracked online. They all have their own fleets of planes unlike freight forwarders who are using commercial carriers such as Delta, KLM, Alitalia, Lufthansa etc. I always had good luck with JAS and DHL depending on the size of the shipment. Freight forwarders are usually cheaper than the big carriers. That does not mean better service. Not all forwarders can send goods from all ports. They may need to truck your goods over land to get to a port. Guess who pays for over land trucking?  You! Unless you cut a deal to have it all in the price you agree upon.When the goods clear customs you will have to arrange for shipment from the freight forwarder to your final destination in the USA. Do not assume the goods will be delivered to your door for the price you were quoted.  Some forwarders have their own truckers and charge for the delivery on top of the import. Others may just ship the goods to you UPS once they are cleared.  Most forwarders are on the coasts or in main points of entry in the USA. Since I am in NYC, there are many main points of entry. NY ports for freight by sea. JFK and Newark Liberty airports for shipments by air.  I always shipped by air. By sea, even though cheaper, takes too long. Fhas a special phone toll free number for cheap forwarding by air. They give you an immediate quote. Why is it cheap or cheaper? Reason is they need to fill up their planes. If you call in with 3 large cartons they might just have that exact space on a flight leaving Italy and will give you next day or 2-day air for a very low price because they want your freight US bound to fill up the last available space.Here is my contact info if you have any more detailed questions. I imported all types of goods from Italy over the last 30 years, mainly luxury menswear, including shoes. The forwarders I named all have offices in major US and European cities, especially Italy. Good luck. Philip Pravda Founder, http://www.suitcafe.com.
How and what forms does a customs broker fill out for imported goods?
Omg I really don’t know :)I am a permanent client of brokers from https://clearit.ca/ , they usually solve all the details so that I don’t need to worry about any forms and other things.I will subscribe to this question, I am really interested now.
What happens to all of the paper forms you fill out for immigration and customs?
Years ago I worked at document management company.  There is cool software that can automate aspects of hand-written forms.  We had an airport as a customer - they scanned plenty and (as I said before) this was several years ago...On your airport customs forms, the "boxes" that you 'need' to write on - are basically invisible to the scanner - but are used because then us humans will tend to write neater and clearer which make sit easier to recognize with a computer.  Any characters with less than X% accuracy based on a recognition engine are flagged and shown as an image zoomed into the particular character so a human operator can then say "that is an "A".   This way, you can rapidly go through most forms and output it to say - an SQL database, complete with link to original image of the form you filled in.If you see "black boxes" at three corners of the document - it is likely set up for scanning (they help to identify and orient the page digitally).  If there is a unique barcode on the document somewhere I would theorize there is an even higher likelihood of it being scanned - the document is of enough value to be printed individually which costs more, which means it is likely going to be used on the capture side.   (I've noticed in the past in Bahamas and some other Caribbean islands they use these sorts of capture mechanisms, but they have far fewer people entering than the US does everyday)The real answer is: it depends.  Depending on each country and its policies and procedures.  Generally I would be surprised if they scanned and held onto the paper.   In the US, they proably file those for a set period of time then destroy them, perhaps mining them for some data about travellers. In the end,  I suspect the "paper-to-data capture" likelihood of customs forms ranges somewhere on a spectrum like this:Third world Customs Guy has paper to show he did his job, paper gets thrown out at end of shift. ------  We keep all the papers! everything is scanned as you pass by customs and unique barcodes identify which flight/gate/area the form was handed out at, so we co-ordinate with cameras in the airport and have captured your image.  We also know exactly how much vodka you brought into the country. :)
Can I use broker statements to fill out form 8949 instead of a 1099-B?
Yes you can. Should you? Perhaps, but remember that the 1099 is what the IRS is going to receive. There could be differences.You may receive a 1099 which is missing basis information. You will indicate that, and use your records to fill in the missing information.My suggestion is to use the 1099, cross-referencing to your statements.
Do I need to submit a 1099B to the IRS if I fill out the 8949 with broker summaries?
The IRS receives copies of any of your 1099s, you don’t need to submit them. However you do need to fill out the 8949 with all transactions, not summaries. Most tax programs like Turbotax will allow you to import the transactions and save you a lot of time. Tradelog ( specialty program) is by far the best trader’s tax program.As to the 400 pages, you can submit them by efile through Turbotax or by mail. It doesn’t matter.
What are the types of forms investors typically have to fill out to invest with a broker?
You can easily find out this for youself by using google.If you can write on Quora it means that you have either a computer,a tablet or a smart phone .That means that you can get a comprehensive answer to your question yourself.You can also pick any brokerage and click into their investment requirements or request their investment brohure and,wallah! you have their requirements at your fingertips. You see they are not standard to the many online brokers. Some parts are but there are variation based on many factors. One example is whether you are an international investor or a domestic investor. happy research.
Why do you need to fill out a W-9 form to get back a broker fee from renting an apartment?
Is the person requesting that you fill out this form going to be cutting you a check for this fee? In other words, is this broker fee a payment to you for services you rendered? Money that you need to declare as income and thus pay income taxes to the IRS?If not, if this check is for some other reason, then I don’t believe that you should complete this form.I’m not a lawyer, so there could very well be something that I am unaware of, but it looks suspicious to me. I sure would like to know more about this issue.
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