Kellie

Tax Attribute.

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A tax attribute is a characteristic of a taxpayer that affects the taxpayer’s liability for taxes. Tax attributes include items such as the taxpayer’s filing status, the number of dependents the taxpayer claims, and the amount of income the taxpayer earns. What does character of income refer to? The “character” of income refers to the … Read more

Futures Commission Merchant (FCM) Definition.

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A Futures Commission Merchant (FCM) is a broker that is registered with the Commodity Futures Trading Commission (CFTC). FCMs must also be members of the National Futures Association (NFA). An FCM is a broker that executes orders and trades for customers in the futures markets. FCMs must be registered with the CFTC and must also … Read more