Traders have many misconceptions about options in general, but when it comes to the federal tax rules, the misconceptions are even greater. This is due to the complexity and seemingly illogical rules governing how covered calls – and profits on the underlying stock – get taxed. The “unqualified covered call” refers to a special rule ...
Normally, when debt is forgiven, the cancelled debt is considered taxable income for federal income tax purposes for the person whose debt is forgiven. This could occur in the case of a foreclosure or the short sale of a home. The Mortgage Debt Relief Act of 2007, which was extended until the end of 2012, ...
There are two types of pens used in my company. We have Uni’Ball’s Micro Deluxe Pen, which is like the Mercedes Benz of pens. The other pen I use is Papermate’s Grip pen, which is the typically ball point in the pen world. By the necessity of the industry I work in, we normally use ...
The most frequently asked question about the site is, does PayPal charge fees? The answer is yes and no. There are several actions that are burdened, and each differs depending on the amount spent and the country in which money is transferred. This site contains many different packages – personal, premier, business – but the ...
Just In Time (JIT) is not a new concept as it has been a part of the Japanese manufacturing industry since a long time. JIT was initially known as Toyota Production System and Toyota motor company recognized its very philosophy and working techniques. The objective of this manufacturing system is to eliminate waste totally. It ...
Safe deposit boxes, also called safety deposit boxes, are small safes stacked in groups and kept inside a bank vault or post office. It is unclear when safe deposit boxes first came into existence. However, the earliest archived mention of a safe deposit box is in 1841 in Switzerland at Rabobank, which took over Bank ...
For those of you who are struggling with bad credit, did you know that you can repair your own credit fast and easy? There’s nothing that those so called credit repair experts can do for you that you can’t do for yourself except take your money (hundreds or even thousands of dollars). By simply writing ...
Before finding someone to ask to become a co-signer for you, it is important to recognize that being a co-signer on a loan is a serious matter. The reason that it should not be taken lightly is because when one agrees to co-sign a loan, they are in essence legally agreeing to pay the loan ...
For seniors, the Internal Revenue Service is divided into 2 parts: (1) The Good IRS and (2) The Bad IRS The Bad IRS – that’s the one we are all familiar with – its job is to try to take as much money from you as it can. The Good IRS – we don’t hear ...
It is going to happen. The U.S. Mint dropped the first hints recently that not only had serious consideration been given to replacing the copper and nickel in one cent and five cent coins, but that various metals and alloys were being looked at. Nearly 75 metals and alloys have been, or are being, scrutinized. ...
