TIL in 1989, Dermott, a town in Arkansas, passed a curfew law that allowed for punishment of the curfew-breaker's parents by putting them in stocks for two days. The punishment was remitted, among other things, because the city had no stocks nor had allocated funds to build them. en.wikipedia.org/wiki/Sto…
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πŸ‘€︎ u/Knabepicer
πŸ“…︎ Dec 22 2021
🚨︎ report
Attn Kiwis in this subreddit - have you remitted money back home?

I'm looking for the most cost effective way of sending money from South Korea to New Zealand. I'm talking around 1-2M KRW at a time.

It seems like there are no remittance services that send from South Korea to New Zealand.. do you use your bank? What are the fees?

Thanks in advance!

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πŸ‘€︎ u/SwimmingBest5223
πŸ“…︎ Nov 30 2021
🚨︎ report
401(k) contributions withheld from employee in 2021, remitted .by employer to plan in 2022

This counts as a 2021 contribution, yes? I never questioned it since it will be on the 2021 W-2 and since the employer has until the 15th of the following month to remit, but the employee is insisting that the plan must receive the funds by 12/31 in order for it to count.

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πŸ‘€︎ u/jesusthroughmary
πŸ“…︎ Dec 31 2021
🚨︎ report
Budget 2022: No more exemption on foreign source income remitted to Malaysia; Capital Gainzz spared

Link to article here

Summary:

  1. Starting Jan 1 2022, foreign sourced income remitted to Malaysia will be taxed.
  2. Malaysia had to remove tax exemption on foreign source income, citing that they were added to EU's "grey list" whereby the country was identified as having a "harmful" foreign sourced income exemption regime , and had to commit to abolishing this exemption by Dec 31 2022. (sounds fishy here to me)
  3. If the income stays overseas, it will not be taxed.
  4. This exemption abolishment applies to foreign sourced income only, not CAPITAL GAINZ.
  5. According to statement by LDHN, there is a transitorial period from 1 Jan 2022 - 30 Jun 2022 where you can remit foreign sourced income and be taxed 3% on a gross basis.
  6. From July 1 2022, any foreign sourced income remitted to Malaysia will be subjected to tax at chargeable income level at prevailing tax rate of
    1. 24% for resident companies
    2. 17% on the first RM 600,000 chargeable income for SMEs
    3. 0-30% for resident individuals
  7. The scope of income to be taxed covers dividends, interests, royalties, income derived from business, salaries or passive income

source: pwc

There might be confusion of double taxation. Income earned in foreign country is already subjected to its own local tax. If you bring such income back to malaysia, should it be taxed again? some countries have DTA ( double tax agreement) with Malaysia. a DTA is an agreement between 2 countries to reduce or eliminate double tax on the same income. You can find a list of DTA countries here.

What do ya'll think of this recent development of Foreign Source Income Tax? I got inspired to make this post after watching Ziet Invest video. Check it out.

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πŸ‘€︎ u/takkoyakii
πŸ“…︎ Nov 19 2021
🚨︎ report
Bought yesterday but remitted the wrong amount

I purchased 500€ worth of bnb but forgot to send 505,xx (fees included) i only send 500€ and after realizing my mistake i send the missing amount. both transactions i used the reference code that got me provided.

i hope you can put those to transactions together and send me my bnb :( bc i havent received anything yet (purchased yesterday)

regards

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πŸ‘€︎ u/Niqhtice
πŸ“…︎ Dec 14 2021
🚨︎ report
Remitted 5k to wrong year - online bill payment, CRA sends notice a year later with interest

My wife and I are self employed, last year as I was making the bill payments for our taxes, I guess the last payment I was making, the only option was 2020 income tax and I was trying to pay the last of her 2019 taxes. I make the exact same payments for my taxes for the same amount and mine went through fine.

The online bill payment must have changed because there was no more options for 2019 which was odd. Anyway, I couldn't get through on the phone with all the covid stuff going on, so I sent $5000 through to 2020 and I thought oh well I got them the money in time, hopefully everything is ok.

Now a year later we didn't hear anything about it and we get a notice with interest on the $5000. She was only supposed to remit $14,000 for the year and I have remitted $26,000 for her in total.

Now a year later we get the notice with the interest penalty and we called in and finally got through after 3 hours. Her account was locked out all year and she doesn't have access to her my CRA. They refuse to credit the interest even though it was an honest mistake and it is obviously clear to them we meant to pay them as I was able to pay my last $5000 payment the same day under 2019 that hers went to 2020.

So at the end of the year it shows I remitted $21,000 for myself and paid my tax bill, she remitted $26,000 and owes $5000.

The lady today rejected the initial request, I am wondering if it is worth filing a complaint or if there is anything else we can do here or just give up. I do not have much faith in dealing with the CRA the last couple years and in this case, where they still got their money but refuse to budge, is very frustrating.

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πŸ‘€︎ u/pokimallcop
πŸ“…︎ Mar 21 2021
🚨︎ report
Tax Question - ATO interest remitted

Hi - I have a tax question and hoping for some help / guidance from the community.

  • I transferred $40k from my personal account overseas to my personal account in Australia in 2019 tax year
  • in 2020 tax year I lodged my tax return and was was due a $3000 refund (I never reported this transfer in either 2019 or 2020 as it was merely a transfer of my own funds)
  • After lodging in 2020, but before refund was paid ATO notified me that they had been notified of this transfer by the bank and requested proof it was a personal transfer (It took me about 6months to send documentation but in the interim the tax owing was added to my account, and my refund due was not paid)
  • eventually I sent the required documentation, which was accepted, tax owing was reversed and my refund was paid.

This year, 2021, I have a pre filled amount for β€œ$1000 ATO interest (ATO interest remitted)” however I did not receive this interest. I was paid my 2020 refund only, I have checked my original return.

Does anyone know what this is? Can I delete this pre-fill from 2021 return? Or claim a deduction elsewhere?

Ps. I have rounded numbers for simplicity, I hope the above makes sense.

Thank you!

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πŸ‘€︎ u/spacefrys
πŸ“…︎ Sep 20 2021
🚨︎ report
If GIC is remitted, is it still deductible?

I know that if GIC is remitted, then the remitted amount will be added to my assessable income for the tax year. What's not clear is whether I can still use this remitted amount as a deduction as well?

For example: Income of $100,000, GIC of $1,000 (which is fully remitted). Is my assessable income $101,000, with a $1,000 deduction?

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πŸ“…︎ Aug 15 2021
🚨︎ report
Balance never remitted after being banned

Hi all,

I was unexpectedly banned from Etsy recently. I have failed to receive any feedback on why from their end. Their customer service seems to be hitting new lows and Etsy is just sending me over and over again the same templated reply, regardless of the nature of my questions. I already gave up on them because of that. However, they didn’t bother to remit me the remaining balance of my account. It’s a tiny amount but I believe it still should be processed. Any advice of what can I do if I am always hitting a wall with their representatives.

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πŸ‘€︎ u/p0pak
πŸ“…︎ May 25 2021
🚨︎ report
Study suggests humor could be an emotion regulation strategy for depression - Humor can help decrease negative emotional reactions in people vulnerable to depression, according to new preliminary research of 55 patients with remitted major depression. psypost.org/2019/03/study…
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πŸ‘€︎ u/mvea
πŸ“…︎ Mar 11 2019
🚨︎ report
Avoiding being taxed on remitted income

Anyone have a list of best ways to bring money into Japan while avoiding paying tax on the "income"? I'm not sure how many people this applies to, but there's certainly plenty of people within their first 5 years that want to bring in funds without having them taxed as "income".

List of ideas--anyone have input on how the NTA would consider these? Anyone else have ideas?

  • Remit a large sum immediately upon entering the country. Potentially, income prior to entry would not be taxed.

  • Remit money at the start of the year, before any income has been earned in that tax year. Arguably, you can't have remitted income, as you didn't have any income at the time of the remittance.

  • Buy crypto (e.g. stablecoins, if you don't want variance in price) in the prior year from outside the country, then transfer to Japan and sell. There's no income (or minimal income), and you didn't even technically remit anything.

  • If any brokers (interactive brokers?) allow in-kind transfers of assets, buy a stock in the prior year, then transfer to Japan, as with the crypto example.

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πŸ‘€︎ u/OldDogTry
πŸ“…︎ May 17 2021
🚨︎ report
Tax on funds not remitted back to Ireland

Does anyone know if I am liable for CGT on earnings that I do not remit back to Ireland? For example, I work for an Irish company in Ireland. If I deposit some of my income to a US bank account which is then invested in an ETF, will I 1) be liable to the deemed disposal rule and 2) if I sell this ETF for a gain do I have a CGT liability even if I don't bring that money back to Ireland?

Any help on the above would be appreciated!

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πŸ“…︎ May 15 2021
🚨︎ report
Remitted non-foreign sourced income under two rates. Which one applies?

Just moved to Japan as a Non-Permanent Resident and have to decide how much I need to prioritise when remitting money here until my first paycheck. Here's the situation:

According to this document, any gains from securities I held before I arrived in Japan are counted as non-foreign sourced income, so isn't taxable unless I remit the funds to Japan. It says that securities are defined under the Japan Income Tax Law, which under Article 2 (xvii), is defined by the Financial Instruments and Exchange Act Article 2, paragraph 1, under which a shit ton of things are listed. Importantly both shares and share options are listed.

As I understand it, capital gains from shares are taxable at ~20%, while gains from foreign options are taxable at the marginal income rate.

Let's say this non-foreign source income totaled to $100 from shares and $500 from options and I remit $50 into Japan. Does anyone know at what rate that $50 would be taxed at?

Any advice would be appreciated. having to cross reference so many documents is doing my head in...

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πŸ‘€︎ u/borkey
πŸ“…︎ May 27 2021
🚨︎ report
Experience retrieving money remitted under the wrong name to Rakuten Securities account

Posting this in case anyone has this happen to them in future.

I recently set up a Rakuten Securities account to play around with money I had sitting in my account and tried to deposit money from my MUFG account. Only after doing so did I get the notification my Rakuten furigana name and my MUFG furigana name are different (I have multiple middle names and it’s tedious to say the least) and the 50,000 yen I’d just deposited had left my MUFG account and seemingly disappeared into the ether.

A cursory search on japanlife revealed something similar had happened to another user recently who then ended up contacting their remitting bank (Shinsei in this case) who got on Rakuten’s case to return the money. Another user mentioned that Rakuten rang the next day and the money was cleared to go into their account.

I just got a phone call from a nice lady calling at Rakuten who stated there’d been an error and asked me for a) the bank I’d remitted from and b) the amount remitted. After that she told me the two different furigana names I had associated with each bank and now I can go some way to amending one or the other so this doesn’t happen again. The money should be cleared into my Rakuten account in the next hour or so.

50,000 yen isn’t the end of the world but certainly not something I’d like to throw away into the mire of Japanese banking bureaucracy so I was quite relieved at how relatively smoothly it was handled.

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πŸ‘€︎ u/RainKingInChains
πŸ“…︎ Feb 26 2021
🚨︎ report
Income is less than Basic Personal Amount but taxes are still remitted

Greetings!

I have a registered corporation and me & my husband are the only directors and employee of it (the corp has been created to receive a funding for a game we'd like to develop so it wasn't our choice, it's a requirement).

We started to pay ourselves salary using Rise Payroll but we noticed that with every payroll significant amount of federal and provincial tax is being remitted from our salaries. We're aware (since the funding amount is limited and well known to us) that we both won't get more than the BPA during the year (each of us gets about $8K) and all tax calculators (at Wealthsimple, Intuit etc) tell us that we shouldn't pay taxes. And yet we're already paying them as they're being already remitted from salaries by Rise Payroll .
So we have a few questions regarding this:

  1. Do we understand the situation correctly? We shouldn't be paying taxes till we reach the BPA?

  2. If yes, is Rise Payroll doing the right thing remitting the tax from our salary?

  3. If it is right, how can we get our money back (if possible)? What's the process? Do we get them back automatically during the tax time after we file tax return? Or is there a way to just not remit those taxes from salary till we reach the BPA?

  4. If it's not right, what's the behavior of other services in a similar situation (Wave, Humi, Xero)? Maybe we should change payroll provider then?

Thanks in advance, we hope someone could help us out as we're new to Canada, it's tax system and especially all the business related things (payrolls, remittances etc) and can't afford to hire a professional.

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πŸ‘€︎ u/a42games
πŸ“…︎ Feb 19 2021
🚨︎ report
Does Etsy Remit the Sales Tax remitted on your behalf?

I’ve been on Etsy for a couple years but have never felt quite comfortable with how I file my sales taxes. Thankfully this year I got moved to annual file instead of quarterly, but this year I noticed that Etsy has been collecting sales tax for items shipping to states other than NYS (where I live/have nexus). I’m assuming that Etsy is remitting that sales tax collected to their states because it’s not like I’m expected to file sales tax in every state. But what I’m confused about is, do I even have to file my sales taxes now, or is Etsy just remitting the sales tax they are collecting directly to NYS on my behalf?? Or is it being dumped into my account and then I need to remit it?? Advice is SO MUCH appreciated, I don’t want to be doing anything illegal.

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πŸ‘€︎ u/JessBan507
πŸ“…︎ Mar 03 2021
🚨︎ report
Are foreign ATM withdrawals considered "remitted income"?

So I live in Japan, I am not yet a permanent resident and all my income is earned overseas.

According to this site:

>For those that fall into the non-permanent resident category, you will only need to pay Japanese tax on income received from outside of Japan if it is β€œremitted” (that is, brought into) Japan. For example, income is earned in the United States and is then transferred to a Japanese bank account for use in Japan. This income has been remitted to Japan.

I bring money over via ATM and my American investment bank re-compensates all my ATM fees. This might not be the best way to bring in money, but it's what I do several times a month. Then I put the money in my bank account to pay rent, etc.

Do I need to track these withdrawals as remittances and file taxes for them?

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πŸ‘€︎ u/devilmaskrascal
πŸ“…︎ Sep 30 2020
🚨︎ report
Modafinil Improves Episodic Memory and Working Memory Cognition in Patients With Remitted Depression: A Double-Blind, Randomized, Placebo-Controlled Study. humannootropicsindex.com/…
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πŸ‘€︎ u/TheReviewNinja
πŸ“…︎ Oct 14 2020
🚨︎ report
My friend has found religion, believes that he is evil and has been remitted to a medical institution due to mental breakdown. What should I do?

I really don’t know where to post this, but there are some questions I can’t even begin to fathom how to solve, so r/mentalhealth seemed like the most appropriate place to start. I’m fairly out of my depth.

I have a friend that I’ve known since elementary school and kept in touch with throughout the years. He embodies many virtues related to the hacker ethos - exceptionally talented, intelligent, very much his own person. He was in periods something of a prepper and could probably be described as outright weird and/or excentric in times.

We’ve lived fairly different lives and with time he became more mellow, his excentricies less pronounced and he got married and had a kid somewhere a couple of years ago. From the outside looking in it appeared that he had found his place in life.

Recently he has gotten some kind of religious ephipany where he converted to catholicism. I wouldn’t define him as particularly religious before this, but thought that there isn’t anything inherently wrong with this - faith comes and goes with most people and he migh’ve just gotten religious.

Then I heard from a mutual acquaintance that he was talking about being hunted by the devil, that he considered himself evil. Shortly after that he was remitted to some kind of medical establishment on his own volition. His wife reached out to me and everyone who knew him to inform us that he wasn’t feeling well and that he was recuperating. After a couple of weeks things started to return to normal and he returned home.

This week something appears to take a turn to the worse, where he called me from the same medical establishment. He was taken from his house without his own volition and was cared for. I didn’t enquire more about why they had taken him in again. We talked about him being evil (which I vocally disagreed with - there is nothing in his actions or demeanour that I would in any sense of the word would consider evil. He’s sometimes quite ambitious, but never in a way which would harm others), religiosity and life in general. I was’t able to discuss much more as he called during work hours and that I was quite uncertain of what I should do and what I should say in this situation.

What has happened with my friend, what should I as a friend do and what does this mean for the future?

Sorry for the wall of text, I wasn’t able to express myself succinctly.

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πŸ‘€︎ u/mufflonicus
πŸ“…︎ Sep 29 2020
🚨︎ report
Whats the situation of long-haulers as of today? Have any of them remitted?

Whats the situation of long-haulers as of today? Have any of them remitted after a few months?

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πŸ‘€︎ u/fernandodandrea
πŸ“…︎ Oct 20 2020
🚨︎ report
[Repost][Academic] Depression (Los Angeles/Southern California, 18-30, have diagnosed or self-described experience with depression, and must currently be well or in the remitted state of the illness OR no personal or family history of psychiatric illness)

Dr. Jonathan Stange at The University of Southern California is recruiting adults between the ages of 18-30 for a study entitled The Cognition and Affect Regulation Study (CARS).

Participants must either:

  1. Have diagnosed or self-described experience with depression, and must currently be well or in the remitted state of the illness, OR
  2. Have no personal or family history of psychiatric illness.

CARS is a purely observational study not involving any therapy or investigational drugs. The study is being conducted remotely by phone or video at this time (no in-person visits are required). CARS involves:

  1. A clinical interview with questions regarding personal and family physical and mental health history.
  2. Completing self-report questionnaires on a computer.
  3. Training on a week-long portion of the study that will involve completing several brief surveys on your phone each day.
  4. A follow-up interview and questionnaires that will take place by phone and internet one year after your first interview.

All participants should be in good physical health and either be unmedicated or on stable antidepressant or mood stabilizer treatments for 30 days. Participants will be compensated for participation.

If you are interested in participating, please complete this survey: https://redcap.link/CARStudy

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πŸ‘€︎ u/carlabUSC
πŸ“…︎ Oct 27 2020
🚨︎ report
According to Finance Assistant Secretary Tony Lambino, withholding taxes from a β€œvast majority” of POGO workers were not remitted to the government before it began its crackdown on tax delinquent offshore gaming operators.
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πŸ‘€︎ u/griftertm
πŸ“…︎ Sep 26 2019
🚨︎ report
Study suggests humor could be an emotion regulation strategy for depression - Humor can help decrease negative emotional reactions in people vulnerable to depression, according to new preliminary research of 55 patients with remitted major depression. psypost.org/2019/03/study…
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πŸ‘€︎ u/mvea
πŸ“…︎ Mar 11 2019
🚨︎ report
Hosts: is there a place to see in my account what taxes have been remitted on my behalf?

My city required mid-year for Airbnb to start collecting so figuring out what I still owe is tricky?

πŸ‘︎ 3
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πŸ“…︎ Dec 23 2020
🚨︎ report
My employer deducted pension contributions from my paycheck, but never remitted them to the state, causing my account to expire and loss of privileges. (NJ)

This is a bit specific. I am not necessarily looking for answers about the ins and outs of the state pension system, but more for what legal liability my employer might have for the ramifications this is causing.

I am public school teacher in NJ. I had 5 years of service before I started with my former school in early 2017. They took 15 months to complete the intrafund transfer with much pestering from me (already ridiculous.) Inactive pension accounts expire after two years. Right before this time period was up (June 2018) the transfer went through. I received certification from the state that the transfer was completed with a date of March 2017 (so I was only actually inactive for 8 months) and that my deductions and 15 months of back deductions would begin in June 2018. From that date on, the deductions were coming out of each paycheck, in the correct amounts, under line items clearly denoting pension contribution and back pension contribution.

I left that school this past June and took a job at in a different district for September. At that point, I thought my biggest issue was waiting for another transfer and making sure I was putting money aside for the 2 remaining back payments, plus the back payments i would have to make after the transfer went through. In October, the payroll department alerted me to the fact that they were having difficulty because they couldn't find an account in my name. It seems that even though I was making these contributions, the state wasn't receiving them. My account expired. The state most likely sent a notice to a previous address. I have had to enroll in new account. Expired accounts lose all rights and privileges connected to that account - I've lost my tier, my retirement is pushed back, and I would have to purchase 7.5 years of service credits at much higher rates. I was 1.5 years from being vested, now I'm 9 years.

My former employer has been completely unhelpful and incompetent over the past three months as I have tried to get answers from them. In November, HR told me that the accountant had found the discrepancy and was working with the state to fix it. After a few more weeks of radio silence, I tried to follow up by CCing a higher up, who CC'd other higher ups, and their replies make it clear they don't understand the situation at all. Obviously, I will continue to push for answers. Where did my money go? Where did THEIR required 3% employer contribution go? Participation for the tea

... keep reading on reddit ➑

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πŸ‘€︎ u/ladyinthered
πŸ“…︎ Jan 04 2020
🚨︎ report
Payment remitted from UCSD?

I just got an email saying that the payment was remitted.

Does that mean that the payment didn't go through? Why would they remit payment I made...?

πŸ‘︎ 4
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πŸ‘€︎ u/xxxamoogaolxxx
πŸ“…︎ Jul 30 2020
🚨︎ report
Two-dimensional cutout completed wall covering project; according to Roald, funds should be remitted

Paper doll papered all. Pay, per Dahl.

πŸ‘︎ 132
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πŸ‘€︎ u/Inhereforthis
πŸ“…︎ Mar 29 2018
🚨︎ report
[Repost][Academic] Depression (Los Angeles/Southern California, 18-30, have diagnosed or self-described experience with depression, and must currently be well or in the remitted state of the illness OR no personal or family history of psychiatric illness)

Dr. Jonathan Stange at The University of Southern California is recruiting adults between the ages of 18-30 for a study entitled The Cognition and Affect Regulation Study (CARS).

Participants must either:

  1. Have diagnosed or self-described experience with depression, and must currently be well or in the remitted state of the illness, OR
  2. Have no personal or family history of psychiatric illness.

CARS is a purely observational study not involving any therapy or investigational drugs. The study is being conducted remotely by phone or video at this time (no in-person visits are required). CARS involves:

  1. A clinical interview with questions regarding personal and family physical and mental health history.
  2. Completing self-report questionnaires on a computer.
  3. Training on a week-long portion of the study that will involve completing several brief surveys on your phone each day.
  4. A follow-up interview and questionnaires that will take place by phone and internet one year after your first interview.

All participants should be in good physical health and either be unmedicated or on stable antidepressant or mood stabilizer treatments for 30 days. Participants will be compensated for participation.

If you are interested in participating, please complete this survey: https://redcap.link/CARStudy

πŸ‘︎ 3
πŸ’¬︎
πŸ‘€︎ u/carlabUSC
πŸ“…︎ Oct 15 2020
🚨︎ report
[Repost][Academic] Depression (Los Angeles/Southern California, 18-30, have diagnosed or self-described experience with depression, and must currently be well or in the remitted state of the illness OR no personal or family history of psychiatric illness)

Dr. Jonathan Stange at The University of Southern California is recruiting adults between the ages of 18-30 for a study entitled The Cognition and Affect Regulation Study (CARS).

Participants must either:

  1. Have diagnosed or self-described experience with depression, and must currently be well or in the remitted state of the illness, OR
  2. Have no personal or family history of psychiatric illness.

CARS is a purely observational study not involving any therapy or investigational drugs. The study is being conducted remotely by phone or video at this time (no in-person visits are required). CARS involves:

  1. A clinical interview with questions regarding personal and family physical and mental health history.
  2. Completing self-report questionnaires on a computer.
  3. Training on a week-long portion of the study that will involve completing several brief surveys on your phone each day.
  4. A follow-up interview and questionnaires that will take place by phone and internet one year after your first interview.

All participants should be in good physical health and either be unmedicated or on stable antidepressant or mood stabilizer treatments for 30 days. Participants will be compensated for participation.

If you are interested in participating, please complete this survey: https://redcap.link/CARStudy

πŸ‘︎ 3
πŸ’¬︎
πŸ‘€︎ u/carlabUSC
πŸ“…︎ Oct 03 2020
🚨︎ report

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