What Is Form 8857: Request for Innocent Spouse Relief? Form 8857: Request for Innocent Spouse Relief is an Internal Revenue Service (IRS) tax form used by taxpayers to request relief from a tax liability involving a spouse or former spouse. Generally, couples filing a joint tax return are both, jointly, responsible for any tax obligation.
What Is IRS Form 8949? Form 8949: Sales and Other Dispositions of Capital Assets is an Internal Revenue Service (IRS) form used to report capital gains and losses from investments. Form 8949 is used by individuals as well as partnerships, corporations, trusts, and estates. Taxpayers must report short- and long-term capital gains and losses from
What Is For Sale by Owner (FSBO)? “For sale by owner” (FSBO) indicates that a property is being offered for sale directly by the owner rather than through the services of a real estate agent or broker. Some sellers choose this option to avoid paying the real estate agent a commission on the sale. The
What Is the Fortune 100? The Fortune 100 is a list of the top 100 companies in the United States within the Fortune 500, a list of the 500 largest U.S. public and privately held companies published by Fortune magazine. Fortune creates the list by ranking public and private companies that report annual revenue figures
What Is the Fortune 1000? The Fortune 1000 is an annual list of the 1000 largest American companies maintained by the popular magazine Fortune. Fortune ranks the eligible companies by revenue generated from core operations, discounted operations, and consolidated subsidiaries. Since revenue is the basis for inclusion, every company is authorized to operate in the United States and
What Is the Fortune 500? The term Fortune 500 refers to a list of 500 of the largest companies in the United States compiled by Fortune magazine every year. Companies are ranked by their annual revenues for their respective fiscal years. This list includes both public and private companies using publicly available revenue data. To
What Is a Forward Commitment? A forward commitment is a contractual agreement to carry out a transaction in the future. A forward commitment will specify the commodity or goods being sold, the price, payment date, and delivery date. Forward commitments are contained within several types of derivatives, including forward contracts, futures contracts, and swaps. Key Takeaways
What Is a Forward Contract? A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging. Key Takeaways A forward contract is
What Is a Forward Dividend Yield? A forward dividend yield is an estimation of a year’s dividend expressed as a percentage of the current stock price. The year’s projected dividend is measured by taking a stock’s most recent actual dividend payment and annualizing it. The forward dividend yield is calculated by dividing a year’s worth
What Is a Forward Exchange Contract (FEC)? A forward exchange contract (FEC) is a special type of over-the-counter (OTC) foreign currency (forex) transaction entered into in order to exchange currencies that are not often traded in forex markets. These may include minor currencies as well as blocked or otherwise inconvertible currencies. An FEC involving such
