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7 Little-Known Income Sources the IRS Expects a Piece Of

The Motley Fool

If you don't know how much you've earned on your savings account funds in 2023, try looking back at your bank statements or contacting your financial institution for help. But it's still taxable income, and you have to report it to the IRS. If you lost money gambling, you can use these losses to offset your gains.

Taxes 246
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Billionaire Michael Saylor's Company Just Bought This Popular Cryptocurrency

The Motley Fool

of the world's capital to 7% as more financial institutions opt to provide Bitcoin-related services. That's why its total liabilities have more than quadrupled since the end of 2020, and why the number of MicroStrategy shares outstanding has more than doubled over the past four years.

Companies 246
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These 2 Dow Stocks Are Set to Soar in 2024 and Beyond

The Motley Fool

Visa has managed to differentiate itself from the competition based on its extensive global payment network , which includes 130 million merchants and nearly 14,500 financial institutions. The company has also signed nearly 500 commercial partnerships with fintech players in fiscal 2023, up 25% on a year-over-year basis.

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Is SoFi Stock a Buy?

The Motley Fool

This demonstrates that SoFi's asset base is earning yields that are rising at a faster clip than its liabilities. Besides SoFi's deposit growth being a sign of customer confidence in the financial institution, it's beneficial because it lowers funding costs. SoFi's net interest margin (NIM) was 5.7%

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How I Secured $25,000 of Funding for My Startup

The Motley Fool

Initially, the route through traditional financial institutions ended in rejection after rejection. As a Community Development Financial Institution, its approach is holistic -- it looks beyond credit scores to understand the entrepreneur's full story. GNEC is not your ordinary lender.

Startups 130
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Got $1,000? 5 of the Safest Stocks to Buy for 2024

The Motley Fool

Mastercard has no direct liability to loan losses since it doesn't lend. This is the secret sauce that helps it bounce back from downturns quicker than other financial institutions. Furthermore, Mastercard has a sizable opportunity domestically and abroad. It's cemented itself as the United States' No.

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5 Ways to Protect Your Personal Finances Against Identity Theft

The Motley Fool

By doing this regularly, you can spot unusual transactions and report them to your financial institution immediately. Many credit cards offer $0 fraud liability protection, meaning you won't be liable for fraudulent charges that you report.

Financing 130