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Reporting Cash payments of more than $10,000

Federal law requires a person to report cash transactions of more than $10,000 to the IRS. Here are some facts about reporting these payments. Who’s covered For purposes of cash payments, a “person” is defined as an individual, company, corporation, partnership, association, trust or estate. For example: Dealers of jewelry, furniture, boats, aircraft, automobiles, art, […]

8 FAQs about EMV credit cards

Source: 8 FAQs about EMV credit cards Chip? PIN? Signature? Will old cards work? Answers to frequently asked questions By Sienna Kossman Read more: Follow us: @CreditCardsCom on Twitter | on Facebook Compare credit cards here – The nationwide shift to EMV is well underway. EMV — which stands for Europay, MasterCard […]

Top 10 ways to protect yourself against credit card fraud and identity theft

Credit and debit card fraud and identity theft are at an all time high. It was reported by the 2012 Nilson Report that Credit card and debit card fraud resulted in losses amounting to $11.27 billion during 2012. While the losses are mostly to by card issuers and merchants, the consumer ultimately pays for this through […]

Free Credit Report

The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s credit reporting […]

Does your credit card have an RFID chip inside?

Over a 1/3 of all credit cards have RFID (Radio Frequency Identification) chips inside that allow the convenience of not having to swipe the credit card, just be near the terminal. But, these cards are allowing identity thieves to steal your credit card information just by being near to you. Watch this video for the […]

The basics of S corporation stock basis

This is a great article about the basics of S-Corporation shareholder stock basis.

Preparing for a new mortgage or re-finance

If you prepare ahead of time for a obtaining a mortgage loan, it can make a big difference to make your deal go smoother and get a better rate. Do you have the required Income? Two ratios are commonly used in the mortgage industry to determine if a borrower can afford the loan payments. Run these […]