Tag: N

January 31, 2020

EARNEST MONEY

Earnest money in real estate deal (often called home deposit) refers to a deposit that is made by a buyer to a home seller as an indication of his interest to buy the home. When a buyer intends to...

January 30, 2020

501(c)(3) Organizations

Section 501(c)(3) is part of the Internal Revenue Code that allows nonprofit making organizations to be exempted from payment of tax. Organizations that usually benefit from this exemption are chariti...

January 30, 2020

What is 457 Plan

A 457 plan is a non-qualified, tax benefits retirement contributions account sponsored by the employers in local and state government organizations and nonprofit making organization for their employee...

January 30, 2020

What is 403 (B) Plan

A 403(b) Plan is very similar to but different from a 401(k). This is because the 403(b) plan is a retirement account set up for workers in public schools and tax-exempt organizations. Unlike a 401(k)...

January 30, 2020

What is 401(k) Plan

A 401(k) Plan is a retirement plan designed by the US government and sponsored by the employer for an employee. The name of the plan is coined after a section of the US Internal Revenue Code. The plan...