Learn about investing, trading, retirement, banking, personal finance and more.
IRS Link to Form — Found Here
Form 706 is the Estate Tax return, and it has a section concerning Generation-Skipping Transfers.
706 GS (D), specifically, is the form which 706: GS (D-1) is the corresponding form if the transfer is associated with a trust, which is filed by the trustee.
The Generation-Skipping Tax attempts to prevent an estate from transferring too many assets directly to grandchildren instead of children for the purpose of shielding heirs from estate taxes. The form for reporting Generation Skipping Transfers is 706 GS (D), where 706 is the Estate Tax Return filing.
706 GS (D-1) would be filed by a trustee in the event that a trust rather than the estate was responsible for making the transfer. There is a slightly higher tax (about 10% higher) on generation-skipping transfers as opposed to regular transfers.
Contango is when the price of a futures contract is higher than the current spot price of a commodity
There are more than a few types of life insurance, and more are introduced as time passes. Term life is the most common
After-Hours Trading on the Nasdaq can take place after market close from 4-8pm EST or in the pre hours from 4-9:30am EST
Generally this won’t be an option that your plan allows, but the IRS has approved it if the employer wants to
Tangible Net Worth is another word for Book Value or Net Asset Value. Only the tangible assets and cash are included
Bubbles form in markets when there is such a large amount of demand that it drives prices up to levels where it is no...
Lifetime cost is the total amount of money that a good will cost a consumer over the entire course of ownership
Mortgage Equity Withdrawals (MEWs) are loans that use the equity in a home as the collateral (a.k.a. home equity loan)
The Broadening Wedge Descending pattern forms when a stock price makes lower lows and lower highs, forming two slopes
The Falling Flag (or Bearish Flag) pattern looks like a flag with the mast turned upside down (the mast points up)