Selling Worthless Stock Tips for IRS Rules Help
The guidance explains that stock can be sold to a friend for pennies if IRS valuation makes it hard to declare worthlessness. Steps include obtaining certificates, formally selling, handing a bill of sale, signing over the certificate, banker verification, and notifying the transfer agent to issue a new certificate. Some brokerages may buy shares for a penny to help customers.
Architectural antiques spark demand in housing market
Coming Up notes rising interest in architectural antiques among owners of new and old houses as demand grows. The piece highlights trends shaping interior styling and renovation choices for homeowners.
Are you on solid footing after job loss
Displaced workers flood family service agencies seeking aid as layoffs surge nationwide. A Cary man with an $80,000 salary faced stock option woes while trying to erase $70,000 in credit card debt after a sudden termination. Financial planners advise building a cash reserve and tightening budgets to weather unemployment. They emphasize tracking expenses and reducing debt while severance and taxes are considered.
MENTIONED IN THIS ARTICLE
Cary
N.C
Lucent Technologies
Natalia Wang
Challenger, Gray & Christmas
Raleigh-area
Floyd Green
Raleigh, N.C
Cornerstone Financial Consultants
Green
Vernon Lee
Raleigh
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