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Incorporation
The act of creating or organizing a corporation under the laws of a specific jurisdiction.
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Incorporator
The person or entity that prepares, files, and signs the Articles of Incorporation. The incorporator can take corporate actions before directors and...
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Indirect Rollover
When an employer-sponsored account is closed, a check is written to the employee and taken as a distribution. The employee then deposits the check...
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Individual Retirement Account (IRA)
These qualified plans are created through a trustee and owned by the employee. Earnings are deposited before taxes are deducted from the employee’s...
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Inherited IRA
An IRA that was transferred to a non-spousal beneficiary upon the account owner's death.
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Interest
The cost of borrowing money, expressed as a rate or percentage.
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Internal Revenue Code
All federal tax laws. Originally written in 1939, and thoroughly revised in 1954 and 1986.
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International Franchise Association
The franchising industry's trade association.
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Investment Firms
A financial institution that sells shares to individuals and invests in securities issued by other companies.
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Investment of Capital
The money paid to purchase a capital asset or a fixed asset.
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Investment Portfolio
A collection of investments all owned by the same individual or organization.
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IRS
The acronym “IRS” stands for “Internal Revenue Service” which is the United States government agency that collects taxes and enforces the tax laws. It...
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