A Custodial IRA is an Individual Retirement Account that a custodian (typically a parent) holds for a minor with an earned income. Once the Custodial IRA ...

7 Simple Ways to Minimize the Pennsylvania Inheritance Tax Set up joint accounts with the people you wish to benefit. Gift your assets to your children. B...

You must own a stock for over one year for it to be considered a long-term capital gain. If you buy a stock on March 3, 2009, and sell it on March 3, 2010...

In general, nearly all banks carry FDIC insurance for their depositors. However, there are two limitations to that coverage. The first is that only deposi...

If your business is operating as a sole proprietorship, and you’re a U.S. citizen or equivalent, converting to an S corporation is relatively simple. Step...

Dispose of it, avoiding landfills If furniture is not suitable for reuse in its current condition, then the furniture can be separated into recyclable cat...

The taxability of capital gain depends on the nature of gain, i.e. whether short-term or long-term. Hence to determine the taxability, capital gains are c...

You are subject to the limit on certain itemized deductions if your adjusted gross income (AGI) is more than $313,800 if married filing jointly or Schedul...

In computing stock basis, the shareholder starts with their initial capital contribution to the S corporation or the initial cost of the stock they purcha...

Extended repayment Loan balance Repayment term $7,500 to $9,999 12 years $10,000 to $19,999 15 years $20,000 to $39,999 20 years $40,000 to $59,999 25 yea...