Reassessment.

The process of reassessment occurs when the government decides to reassess your taxes. This can happen for a number of reasons, but usually it means that the government has found new information that they believe you should be taxed on. This new information could be anything from a change in your income to a change … Read more

Metropolitan Statistical Area (MSA).

A Metropolitan Statistical Area (MSA) is a geographic region with a relatively high population density. MSAs are typically used by government agencies and businesses for statistical purposes. There are two types of MSAs: 1. Metropolitan Statistical Areas (MSAs) – These are areas with a population of 50,000 or more. 2. Micropolitan Statistical Areas (╬╝SAs) – … Read more

Stranger-Owned Life Insurance (STOLI).

Stranger-owned life insurance, also known as STOLI, is a type of life insurance in which the policyholder is not the insured person. Instead, the policy is owned by an investor who is not related to the insured person. The investor typically pays the premiums on the policy and is the beneficiary of the death benefit. … Read more