admin The Tax Consequences of Inheriting an IRA or 401(k)
Anyone can take control of an IRA or 401(k) after a loved one dies by simply presenting the original death…
Credit Bureaus To Ax 70% of Medical Debt From Reports
If you are one of tens of millions of Americans with overdue medical debt, there’s some good news ahead. Soon,…
What You Need to Know About Affirm
Affirm is a buy-now-pay-later company that was launched in 2012 by PayPal co-founder Max Levchin. These days, it seems to…
Possible Reasons a Credit Card Application Was Denied
If you’re approved for a credit card, you’ll typically find out right away. When you’re denied, however, it’s a completely…
Definition, Effect, Examples and Solutions
A drought is a reduction in precipitation over an extended period. This creates a water shortage that damages crops, livestock,…
What Is a For-Profit College?
Key Takeaways For-profit colleges aim to maximize profits. They’re financed largely by taxpayer-derived federal funds, but they also charge tuition…
What Is Imputed Interest?
Key Takeaways Imputed interest is interest the IRS assumes a lender has received. It’s subject to taxation regardless of whether…
What Is the Federal Budget?
Key Takeaways The federal budget estimates the government’s revenue and spending for each fiscal year. The Constitution gives Congress power…
Claiming Capital Losses on Your Tax Return
A capital loss happens when you sell an investment asset—such as a stock, bond, or mutual fund—and you lose money.…
What Occurs When a Court Issues a Judgment Against You?
Before a person or a company to whom you owe money can win a judgment against you, they must first…