What Is Form 8283: Noncash Charitable Contributions? Form 8283: Noncash Charitable Contributions is a tax form distributed by the Internal Revenue Service (IRS) and used by filers who wish to deduct non-cash contributions made to a qualifying charitable organization. Deductions for non-cash contributions are reported as itemized deductions. Non-cash contributions can include securities, property, vehicles
What Is Form 8283-V: Payment Voucher for Filing Fee Under Section 170(f)(13)? Form 8283-V: Payment Voucher for Filing Fee Under Section 170(f)(13) is a tax form completed by taxpayers claiming a charitable contribution exceeding $10,000 of an easement on the exterior of a historic building. Form 8283-V is sent to the Internal Revenue Service (IRS)
What Is Form 843: Claim for Refund and Request for Abatement? Form 843 is a multipurpose tax document issued by the Internal Revenue Service (IRS) used by taxpayers to make a claim for a refund of certain assessed taxes or to request abatement of interest or penalties applied in error. Key Takeaways Form 843 is
What Is Form 8606? Internal Revenue Service (IRS) Form 8606, “Nondeductible IRAs,” is used by filers who make nondeductible contributions to an individual retirement account (IRA). A separate form should be filed for each tax year that nondeductible contributions are made. Normally, contributions to an IRA are deductible from ordinary income. In some circumstances, however
What Is a Forex Mini Account A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses. Forex trading accounts are often offered in three sizes: standard; mini; and macro. The
What is Forex Spread Betting? Forex spread betting allows speculation on the movements of the selected currency without actually transacting in the foreign exchange market. Key Takeaways Forex spread betting allows speculation on the movements of the selected currency without actually transacting in the foreign exchange market.The three components to a forex spread bet are
What Is Forfaiting? Forfaiting is a means of financing that enables exporters to receive immediate cash by selling their medium and long-term receivables—the amount an importer owes the exporter—at a discount through an intermediary. The exporter eliminates risk by making the sale without recourse. It has no liability regarding the importer’s possible default on the receivables. The forfaiter
What Is a Forfeited Share? A forfeited share is a share in a publicly-traded company that the owner loses (or forfeits) by neglecting to live up to any number of purchase requirements. For example, a forfeiture may occur if a shareholder fails to pay an owed allotment (call money), or if he sells or transfers his
What Is SEC Form ADV? The Securities and Exchange Commission (SEC) requires all professional investment advisers to submit SEC Form ADV. This form specifies the investment style, assets under management (AUM), and key officers of an advisory firm. This form must be updated annually and it must be made available as a matter of public
What Is Form 1065: U.S. Return of Partnership Income? Form 1065: U.S. Return of Partnership Income is a tax document issued by the Internal Revenue Service (IRS) used to declare the profits, losses, deductions, and credits of a business partnership. In addition to Form 1065, partnerships must also submit Schedule K-1, a document prepared for
