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And while many people view credit cards as a bad thing, they can be a useful financial tool if managed properly. Credit card rewards are another great perk. If you are considering getting a rewards credit card, ask yourself these questions first. Paying Off Your Cards Monthly Putting it bluntly, if you do not pay off your card in full each month, the rewards aren’t worth it. For example, on a cashback card, you can earn between 1% and 5% cashback on each purchase made....

You can prepare Schedule K-1 for each shareholder or partner after your S-corporation’s Form 1120S or your partnership’s Form 1065 is completed. What Is Schedule K-1? The K-1 reports taxable income, just like a W-2 or Form 1099, but not all business entities are required to file them. The business must be a pass-through entity: a partnership, an S-corp, or an LLC that’s elected to be taxed as a partnership or an S-corp....

Judge Dabney Friedrich’s latest ruling, issued Friday in the U.S. District Court for the District of Columbia, allows the temporary ban to continue, for now, because the Department of Justice appealed her original May 5 ruling invalidating it. The moratorium, which was introduced by the Centers for Disease Control and Prevention (CDC) in September, prevents landlords from physically removing tenants from their homes, even if they are past due on rent, if the pandemic has caused financial hardship....

The yield curve, durable goods orders, the stock market, and housing starts are some of the best indicators to use when trying to determine where the economy is headed. Top Leading Indicators The yield curve, durable goods orders, the stock market, manufacturing orders, and building permits are some of the best indicators to use when trying to determine where the economy is headed. The Yield Curve An inverted Treasury yield curve is a leading indicator for recessions....

Financial Stability and Customer Service Ratings Explorer Insurance’s parent company, ICW Group, has an “A-“ Excellent rating from A.M. Best insurance rating organization with a financial size category of XII. Both Explorer Insurance and ICW Group have an “A+” rating from the Better Business Bureau although neither have a BBB accreditation. Auto Insurance Products Bodily Injury LiabilityUninsured and Underinsured Motorist CoverageComprehensive and CollisionTowing and Rental ReimbursementGlass Repair Deductible WaiverPermissive DriverSalvaged Vehicles24/7 Emergency Roadside Assistance Emergency roadside assistance services (Includes towing, road service, emergency delivery of supplies, tire service, battery service, and lockout service....

These energy funds are sorted by investment type. This is helpful for advanced ETF investors who like to utilize inverse and leveraged exchange-traded funds and notes. These types are: Leveraged energy ETFsInverse energy ETFsEnergy funds that are both leveraged and inverse Keep in mind that which ETFs and exchange-traded notes (ETNs) can be traded might change by the day. Here’s a place to start exploring the types of this asset class....

Twelve states and the District of Columbia additionally impose an estate tax, and their exemptions can be much lower. They’re only $1 million in Massachusetts and Oregon in 2021. When Death Benefits Are Taxable The death benefits paid on life insurance policies can be subject to an estate tax in two situations. The whole amount of the death benefit is included in the estate and subject to estate tax if the estate is named as beneficiary....

Here’s what you need to know about this type of business if you’re considering forming a limited liability company. What Is a Limited Liability Company? A limited liability company is one option a business has when it is choosing its legal structure, alongside other options like S corporations and sole proprietorships. The characteristics of the limited liability company include limited liability for the owners’ assets—their liability is limited to their investment in the business....

Employers will often use an online or paper application for part-time, entry-level, retail, hospitality, and blue collar jobs, as a way to decide which candidates they want to interview. For professional jobs, an application may be required in addition to a resume and cover letter. The signature (either pen or electronic) on the application attests that the information provided by the candidate is accurate and truthful. Why Employers Require Job Applications Having every candidate complete a job application provides the employer with consistent information for each person in the applicant pool....

What’s the Difference Between LLPs and LLCs? Registering an LLP with a state is a two-step process in some states. In Texas, for example, the business must register with the state as a partnership or a limited partnership, then it must apply for registration as an LLP. A limited liability company is a business formed by one or more individuals or other types of owners, with few restrictions on ownership. To register an LLC with your state, you must file articles of organization with the state....

April is whizzing by faster than cryptocurrency values change, so let’s pause to recap news from the less-dizzying world of credit cards. This week: a calculator to track the carbon footprint of your card buys, a freshly-pressed change to Gap (and its sister stores’) cards, and more. This weekly credit card news roundup contains what you should know about the cards in your wallet, other available offers, and new product releases or reports we vibed with while replaying classic DMX tracks....

Megan’s professional writing is informed by her long career in banking, where she held roles of increasing responsibility ranging from commercial lender to chief credit officer. She attended Pacific Coast Banking School at the University of Washington, where she earned a graduate-level certificate in banking. Megan’s proudest accomplishment during her banking career was re-writing and managing the credit (lending) policies for Zions Bancorporation. After years following her banking career to Colorado, Utah, and Washington, Megan returned to her hometown in rural Arizona, where she is now a personal finance writer and an accounting professor....

Your credit card statement will typically come in the mail, but if you’ve opted for online, or paperless billing statements), you’ll either receive an email statement or you’ll need to log on to your credit card issuer’s website to check your statement. When you review your statement, you’ll find several different categories of information providing detail on a variety of account characteristics, described below. This section includes your minimum payment and payment due date....

PhotoAlto/Milena Boniek / Getty Images “The Order is not intended to terminate or suspend the operations of any state or local court. Nor is it intended to prevent landlords from starting eviction proceedings, provided that the actual eviction of a covered person for non-payment of rent does NOT take place during the period of the Order,” the document said. Consumer advocates including the National Housing Law Project say the new document undermines the intent of the order, making it easier for landlords to evict tenants....

We’ll also look at how the partnership’s taxes are transferred to, and paid by, the partners. Partnership Tax Return Due Dates The due date for income taxes for partnerships and multiple-member LLCs taxed as partnerships is March 15. If March 15 falls on a weekend or holiday, the return is due the next business day. Check this article about business tax due dates for the current year to get the exact date....

Prequalification comes first, and it’s usually a simpler, faster process than preapproval. The lender will ask you for basic financial information and quickly assess whether you might be a good candidate for a mortgage loan, personal loan, or event a credit card. Preapproval, on the other hand, requires a more thorough look at your financial situation. The lender will pull your credit report and give you a firm confirmation of the loan amount you can qualify for....

Many people decide to take a break from their careers after the birth of a child. That said, remember that you will probably be returning to the workforce at some point in the future, so be sure that you resign on the best possible terms, leaving the lines of communication open. Since you are leaving as a result of a happy life event, your pregnancy, it’s likely that your supervisors and coworkers are already aware that you will be taking some time off from work in the not too distant future....

Escrow accounts are common in real estate transactions, but you may also find this type of account used in international commerce and business mergers. Terminology First, let’s clarify the terminology used. The differences in language are mostly geographic. Some states use the word “escrow,” while others use the term “impound.” These are exactly the same thing and the same as one person calling a soft drink a “soda” and another portion calling it “pop....

These programs are designed to help homeowners—and sometimes investors—get into plain vanilla loans with low rates. In some cases, your interest rate or monthly payment has to decrease. There’s an exception if you’re moving from an adjustable-rate mortgage to a fixed-rate mortgage. You generally can’t take any cash out. In any case, refinancing should improve your situation and help you move forward. Making Home Affordable The most significant initiative for refinancing programs is the Making Home Affordable (MHA) program....

Robinhood Markets shares traded for the first time last Thursday and closed below their opening price, seen as a disappointing outcome for a company that attracted a new generation of traders to the stock market. Up to 35% of Robinhood’s Class A common shares had been reserved for its customers to purchase through the IPO Access feature on its popular free trading app. What initially may have been seen as a great marketing ploy for the company whose stated mission is “to democratize finance for all” may have been a misstep, though....