Yasmeen . IRS Publication 503: Child and Dependent Care Expenses This publication from the Internal Revenue Service (IRS) provides information on what expenses are considered eligible for the child and dependent care tax credit. What are examples of child care expenses? There are many examples of child care expenses, but they can generally be divided into … Read more
An income fund is a type of mutual fund that is designed to provide investors with regular income, typically in the form of dividends or interest payments. Income funds can invest in a variety of asset classes, including stocks, bonds, and real estate. Income funds typically have a higher distribution rate than other types of … Read more
A check hold is when a bank puts a temporary freeze on the funds in your account in order to verify that the check is valid. This hold can last anywhere from a few days to a couple of weeks. During this time, you will not be able to access the funds that are being … Read more
Bullion is a term that refers to bars, ingots, or coins made of precious metals. The word bullion comes from the French word for melting pot, bouillon. Precious metals are rare metallic chemical elements of high economic value. Chemically, the precious metals tend to be less reactive than most other elements (see noble metal). They … Read more
The cost of acquisition, also known as the cost of goods sold (COGS), is the total cost of acquiring the goods or services that a company sells during a period. This includes the cost of materials, labor, and shipping. COGS does not include the cost of marketing or overhead. How is cost of acquisition determined … Read more
