What Is IRS Publication 590-A? IRS Publication 590-A specifies rules for contributions to an individual retirement arrangement (IRA). The term individual retirement arrangement represents a wide variety of IRA account types. This publication addresses traditional and Roth individual retirement accounts (IRAs), SIMPLE IRAs, and Simplified Employee Pension (SEP) IRA plans. Publication 590-A is broken into chapters and includes several appendices and worksheets to
What Is IRS Publication 590-B? IRS Publication 590-B explains the tax implications of withdrawing money from any type of individual retirement account (IRA) before or after retirement. It specifies when you can’t withdraw money without paying a penalty and when you must withdraw money. Key Takeaways: IRS Publication 590-B calculates the taxes you’ll owe when you
What Was Publication 972: Child Tax Credit? Publication 972 was a document published by the Internal Revenue Service (IRS) that provided guidance on determining the exact amount of the child tax credit that taxpayers can claim. It was used for information about the child tax credit from tax years 2020 and earlier. For tax years
What Is an ISDA Master Agreement? An ISDA Master Agreement is the standard document regularly used to govern over-the-counter derivatives transactions. The agreement, which is published by the International Swaps and Derivatives Association (ISDA), outlines the terms to be applied to a derivatives transaction between two parties, typically a derivatives dealer and a counterparty. The
What Is an Ishikawa Diagram? An Ishikawa diagram is a diagram that shows the causes of an event and is often used in manufacturing and product development to outline the different steps in a process, demonstrate where quality control issues might arise, and determine which resources are required at specific times. The Ishikawa diagram was developed
What Is the International Securities Association for Institutional Trade Communication (ISITC)? The International Securities Association for Institutional Trade Communication (ISITC) is an industry organization of financial institutions and technology providers that work to improve the operational effectiveness of the financial industry. The ISITC functions by introducing and maintaining communication protocols aimed to improve the speed
What Is the Iceland Krona (ISK)? The Iceland krona (ISK) refers to the official national currency of Iceland. The krona is represented by the symbols kr and Íkr and is abbreviated as ISK in the international currency market. The currency is issued and managed by the Central Bank of Iceland. The krona was established in
What Is Islamic Banking? Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to financial activities that adhere to Shariah (Islamic law). Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. Key Takeaways Islamic
What Is an Island Reversal? An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This price pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward
What Is the IS-LM Model? The IS-LM model, which stands for “investment-savings” (IS) and “liquidity preference-money supply” (LM) is a Keynesian macroeconomic model that shows how the market for economic goods (IS) interacts with the loanable funds market (LM) or money market. It is represented as a graph in which the IS and LM curves
