Can you move brokerage accounts?
Most accounts at most brokers can be opened online. Most accounts can be transferred through an automated process called the Automated Customer Account Tr...
How do I report stolen information to the IRS?
If you did not receive an IRS notice but believe you’ve been the victim of identity theft, contact the IRS Identity Protection Specialized Unit at 800-908...
How can you tell a money scam?
How to Spot a Scam You are contacted out of the blue. You are required to send money upfront in order to receive a prize. You are asked to send money via ...
How bad does a debt relief program affect your credit?
In general, a program of debt settlement will cause your credit score to drop by about half as many points as a bankruptcy. Since the post-settlement drop...
Do capital gains count toward ordinary income?
Capital gains are generally included in taxable income, but in most cases, are taxed at a lower rate. Short-term capital gains are taxed as ordinary incom...
Can a private foundation give to a 501c3?
Private foundations can give to any organization recognized by the Internal Revenue Service as a public charity. This includes churches and synagogues, ed...
Why did I get a non filing letter from the IRS?
An IRS Verification of Non-filing Letter provides proof that the IRS has no record of a filed Form 1040 for the year you requested. Note: If you typically...
Are returns included in gross income?
Gross receipts include all revenue in whatever form received or accrued (in accordance with the entity’s accounting method) from whatever source, includin...
Can you contribute to 401k for previous year?
401(k) Plans Plans may also vary. Contributions for a prior year may not be allowed because an employee is limited to making contributions through payroll...
What is a corporation who owns a corporation?
Shareholders (or “stockholders,” the terms are by and large interchangeable) are the ultimate owners of a corporation. They have the right to elect direct...
