IRS PUBLICATION 970
A document which gives details on tax benefits for students and families who save for college. Provided by the Internal Revenue Services (IRS), it explains the tax treatment of various kinds of educational assistance such as scholarships, fellowships, grants, and tuition reductions. It outlines three tax credits a taxpayer can take advantage of: American Opportunity Tax Credit, Hope Credit, and Lifetime Learning Credit. It also encompasses further tax benefits like student loan interest deductions and Coverdell education savings accounts (ESAs).
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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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We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
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Digesting Financial Statements: Long-Lasting Liabilities
Long-lived liabilities refer to obligations which are due more than a year. Some examples of long-term debt include convertible bond and capital le ...
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