Posted on 07 December 2011. Tags: Affiliated, Angela, calendar year, change, common stock, consolidated tax return, Controlled, domestic corporations, entire stock, nonleap, preferred stock, Return, six years, stock investment
Angela owns all the stock of A, B, and P Corporations. P has owned all the stock of S1 Corporation for six years. The P-S1 affiliated group has filed a consolidated tax return in each of these six years using the calendar year as its tax year. On July 10 of the current year (a nonleap year), Angela sells her entire stock investment in A, which uses the calendar year as its tax year. No change takes place in Angela’s ownership of B stock during the tax year. At the close of business on November 25 of this year, S1 purchases 90% of the common stock and 80% of the nonconvertible, nonvoting preferred stock (measured by value) of S2 Corporation. A, P, S1, and S2 are domestic corporations that do not retain any special filing status.
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Posted on 10 June 2011. Tags: Account, annual percentage yield, approval, apy, calendar year, checking account, conversions, Deposit, form 1099 int, irs form 1099, Letter, letter in the mail, mail, money money, new money
I just got a letter in the mail from chase that offers me a $150 bonus when I open an account with them. I currently do not have an account with chase but was planing on opening one. I feel though as if there is something sneaky with this such as I get this money deposited and then get charged it all back for keeping the account open.
Heres what it says
Bonus/Account Information — To qualify for the bonus you must open a new qualifying Chase checking account with a $100 minimum deposit of new money (money not currently held by Chase or its affiliates) within 60 days of account opening. Bonus will be automatically deposited into your new account within 10 business days after the $100 minimum deposit is made. Bonus is not considered part of minimum opening deposit. For new interest-bearing checking accounts, the Annual Percentage Yield (APY) is effective as of 5/6/11. The APY is 0.01% for all balances in all states. Interest rates are variable and subject to change. Fees may reduce earnings on the account. Limit one checking account-related bonus per customer, per calendar year. Offer not available on account conversions or in combination with any other offer. Checking account must remain open for a minimum of six months or the bonus amount will be debited from the account at closing. Account is subject to approval. Account is subject to approval. Bonus is considered interest and will be reported on IRS Form 1099-INT.
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