You can be sure that any forms or letters the IRS mails you regarding your taxes will reach you on time. Your refund check will go to the correct place if you’re expecting to receive it in the mail. Tax paperwork and forms for your business will go to the correct address if you’re self-employed and work out of your home. There are five ways to tell the IRS your new address: Form 8822, your tax return, by phone to a local office, in person, by mail....

Transferring Money From Savings to Checking Online Transferring money online is often the quickest and easiest way. The process may be slightly different depending on whether you’re transferring internally or externally. Internal Transfer The transfer process is simple for account holders with checking and savings accounts set up at the same financial institution. Most banks offer an easy way to make internal transfers online through an electronic funds transfer (EFT), which is secure and doesn’t require paper checks....

Determining the Type of Oil, Gas or Mineral Rights You Own You must determine the nature of your oil, gas or mineral rights before you can transfer them to your living trust. Is it the actual real estate that contains the valuable oil, gas or mineral deposits? Or is it a right to the deposits that is separate from the land itself? Is it an interest contained in a lease or royalty agreement, or a combination of two or more of these things?...

Business Plan A business plan is a written blueprint for your home business. Business plans are essential for getting a business loan, but even if you don’t need outside funding, they are a valuable tool to helping you set goals in your home business, understand what you need to do, and anticipate future growth. Types of Business Plans Formal business plans: These plans are detailed documents, usually prepared for the primary purpose of securing outside funding for the business....

Probably not. In most cases, you still earn rewards when you pay with your linked credit card through PayPal. But we’ll explain how it works so you can be sure to get every reward you earn. What Allows You To Earn Points On Purchases? Businesses who accept electronic payments—both credit cards and PayPal—have a four-digit merchant category code, or MCC, that identifies the type of business. Shoe stores have a merchant category code of 5661, for example....

The Consumer Price Index (CPI) rose 0.5% in July, decelerating from 0.9% in June and marking the smallest month-to-month increase since February, according to data released Wednesday by the Bureau of Labor Statistics. Prices for used cars and trucks, which had driven a substantial share of the overall jump in recent months, eased in July, increasing just 0.2% after a 10.5% jump in June. Compared to July 2020, prices were 5....

The tax agency started distributing the “plus-ups” in March, and the latest batch, more than 1.1 million distributed over the last two weeks, brings the total to over 8 million, the IRS said Wednesday. All told, the corrected payments made this year are worth more than $11.6 billion. The payments generally apply to taxpayers whose March stimulus checks were based on outdated tax return information. Besides earning less in 2020, you might get one if you had a baby or otherwise added a dependent....

You may consider hiring a credit repair company to get your credit back on track. These companies work with the credit bureaus on your behalf to try and remove certain negative information from your credit report and raise your credit score. While credit repair is a legal industry, there are specific federal guidelines that regulate what companies can and can’t do. What Can Credit Repair Companies Do? Whether you do it yourself or hire a service, credit repair itself is not illegal....

For most individuals and families, there’s no deduction for life insurance premiums. But in certain situations, such as charitable giving or paying employee benefits, premiums might be deductible. How Life Insurance Works A life insurance policy pays out a death benefit—typically as a large lump sum—when an insured person dies. You can buy life insurance on yourself, household family members, or anybody else you have a financial interest in. You can also name a beneficiary (or multiple beneficiaries) as the person or entity that receives the death benefit....

With each job interview, you are meeting new people, selling yourself and your skills, and often getting the third degree about what you know or don’t know. And, you need to stay upbeat and enthusiastic through it all. This can be a challenge, especially when you’re interviewing for a job you would love to get hired for. That said, there are ways to make a job interview feel much less stressful....

First-time claims for unemployment benefits dropped to 400,000 in the week through July 24, a decline of 24,000 from the previous week’s revised level, according to seasonally adjusted data released Thursday by the Labor Department. The decrease was a disappointment as economists were expecting a larger drop, according to a consensus estimate of 371,583 cited by Moody’s Analytics. The downward movement brought weekly claims closer to their pandemic-era low of 368,000, hit twice this summer....

If you are thinking of setting up a joint venture between your business and another entity, it’s important to consider how it might work, especially in terms of management and taxation. What Is a Joint Venture? Each entity in the joint venture, which could be individuals, groups of individuals, companies, or corporations, keeps its separate legal status. A joint venture may be set up by a contract that outlines the resources, such as money, properties, and other assets, each entity will bring to the venture....

Her investing and business background includes 10 years of management in operating multinationals, 10 years in investment banking, mergers and acquisitions, equity and debt capital raising, and four years in tech startups’ advisory. Khadija worked on the fund-raising process as an advisor, an investor, and an entrepreneur. She worked on deals ranging from $100,000 to $500 million and on company sizes from green-field business plans to companies with $1 billion revenues and $100 million net income....

Vesting is also used to determine how much you can borrow if you take a 401(k) loan, as you can only borrow from your vested balance. Here’s how 401(k) vesting works. Your Contributions – 100% Vested You are always 100% vested in your contributions, so you always keep your own money. You could put money in today, and even if you leave tomorrow, the money you put in your 401(k) plan from your own earnings belongs to you no matter what....

Understanding the Responsibility of a Co-Signer Before you co-sign, you should understand what it entails. When you co-sign on a loan, you are pledging yourself to pay on the loan if the borrower doesn’t pay. The main advantage of co-signing is that you can help someone else get the credit he or she needs. For example, co-signing for your child can help them get started down the path to good credit....

The easiest way to understand how LOCs work is to see an example, and this tutorial describes the process step-by-step. You can also just read an overview if you prefer a text-only explanation without the visuals. For this example, we assume that an importer is buying goods from an exporter. However, LOCs are useful in several types of transactions. Standby letters of credit, for example, can work within the U....

Whether you are a student who needs a letter of recommendation for an application or a reference writer, here’s how to format your letter and what to include in the document. Plus, you’ll find a few samples to help guide your writing. How To Request a Recommendation Letter When you request a letter of recommendation (sometimes also called a letter of reference), be sure to remind potential letter writers how they know you and give them information on why you need the letter (for example, tell them the types of job you will be applying for)....

LTCM’s success was due to the stellar reputation of its owners. Its founder was a Salomon Brothers trader, John Meriwether. The principal shareholders were Nobel Prize-winning economists Myron Scholes and Robert Merton. Investors paid $10 million to get into the fund. They were not allowed to take the money out for three years, or even ask about the types of LTCM investments. Despite these restrictions, people clamored to invest. LTCM boasted spectacular annual returns of 40% in 1995 and 1996....

Some employers offer a long-term disability insurance plan for their employees, to protect them and ensure they can return to work in a reasonable amount of time. Long-term disability can cover you until you reach retirement age. However, this is dependant upon the plan you have. Long-Term Disability Insurance Long-term disability insurance covers a portion of your income (around 50-70%) when you have become injured or seriously ill. Long-term disability is different from worker’s compensation in that it is not for work-related injuries or illnesses....

“GDP growth statistics can be highly uninformative of how income is evolving for most Americans,” Gabriel Zucman, an associate professor of economics at UC Berkeley and one of the tool’s creators, wrote in an email. Just before the pandemic hit, the average annual income of the lowest 50% of earners was $19,000, before taxes and any government aid they may have received, the tracker shows. It plummeted to $12,800 by April 2020, but by October 2021, was back to $19,000....