IRS PUBLICATION 570
A document that gives information on how to deal with income received from US-guided territories and possessions. Released by the Internal Revenue Service (IRS), it details the requirements in order to be considered a resident of a US possession and rules for identifying the source of income. Bonafide residents of a possessions, including Puerto Rico, American Samoa, the US Virgin Islands, the Commonwealth of the Northern Mariana Islands (CNMI), and Guam, may be obliged to fill out a US tax return, a possession tax return, or both.
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Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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