The short answer to this question is, yes. However, whether the claim will be approved depends on a number of factors. The crux of the claim would hinge o...

You can’t take IRA investment losses as a capital loss. Instead, you claim IRA investment losses as a miscellaneous deduction, subject to the 2 percent in...

Making cash gifts to foreign citizens Gifts to foreign citizens are subject to the same rules governing any gift that a U.S. citizen makes. If a gift exce...

If you’re making a payment on a bill and are transferring money from another account to do it, expect a short delay. If the account is with the same banki...

While this is reason enough for many investors to be crazy about Roth-style accounts, the Self-Directed Roth 401(k) also allows you to make pre-tax contri...

At the federal level, businesses can carry forward their net operating losses indefinitely, but the deductions are limited to 80 percent of taxable income...

College financial aid helps students and their families by covering higher education expenses, such as tuition and fees, room and board, books and supplie...

You can take several steps to make sure that the information provided on 1099 forms is not fraudulent. Validate the company’s identification to ensure the...

An account in “good standing” is an account that has no negative payment history, past or present. If an account has had even one late payment, then it wo...

The accumulated depreciation lies right underneath the “property, plant and equipment” account in a statement of financial position, also known as a balan...