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Tip of the Day
Today's Tip
I have not filed my 2005 tax return yet. Can I also split my 2005 refund?

No, refund splitting is not available for tax years before 2006. You can opt to direct... read full tip



More Tips
Can you give me plain English definitions for the following: (1) a closely held corporation, (2) a personal holding corporation, and (3) a personal service corporation?
Can I claim a tax deduction for alimony paid to my former spouse?
I have already filed my tax return and now I have received another Form W-2. What can I do?
How do I split my refund?
Are expenses to attend private high schools eligible for the education tax credits?
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Quiz of the Day
    Q: Venture capital firms typically earn 20%-30% of the profits generated from a venture capital fund, which is referred to as a:

Word of the Day
   Brokered Deposit

A "brokered deposit" is a deposit that is obtained from or through the assistance of a deposit broker. A "deposit broker" refers to a person engaged in the business of placing deposits or facilitating the placement of deposits with insured depository institutions. For example, a securities broker-dealer may pool money from a number of small investors, and then package and market them them to a financial institution usually in $100,000 amounts.

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