IRS PUBLICATION 908
A document that gives information on how federal income tax should be treated in the event of bankruptcy. Published by the Internal Revenue Service (IRS), it does not cover bankruptcy law in general or details discussions of the tax rules for more complex corporate bankruptcy reorganizations or highly technical transactions. For instance, when an individual files for bankruptcy, all his assets will be in a bankruptcy estate that is designated its own Employer Identification Number (EIN). Should an individual file chapter 7 or 11, the bankruptcy estate will now be a separate entry. A separate entity is not intended for companies or partnerships declaring bankruptcy.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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