Profits Ruling

Profits Ruling

What Is a Revenue Ruling? A revenue ruling is a public decree issued by the Internal Revenue Service (IRS) that essentially has the force of law. A revenue ruling outlines the IRS’s interpretation of the tax laws and is binding on all IRS employees and public taxpayers. Revenue rulings are published in the Internal Revenue

Reverse ICO Definition

Reverse ICO Definition

What Is a Reverse ICO? A reverse initial coin offering (ICO) is a method used by existing, established real-world businesses to issue a token to decentralize the business ecosystem, raise funds, and get into cryptocurrency. These enterprises have existing products and services and they cater to real-world customers. Essentially, a reverse ICO acts like an

Reverse Mortgage Financial Analysis Definition

Reverse Mortgage Financial Analysis Definition

What Is a Reverse Mortgage Financial Assessment? A reverse mortgage financial assessment is a review of the borrower’s credit history, employment history, debts, and income during the reverse mortgage application process. The current reverse mortgage financial assessment requirement became effective in 2015. During the reverse mortgage financial assessment, lenders examine all of the borrower’s sources