If your custodian makes the check payable to another entity but also writes the letters "FBO," followed by your name, on the payee line, then you cannot cash it. Here's what you need to know to deal with an FBO check. Trustee-to-Trustee Rollover The Internal Revenue Service recognizest...
Confirm the information of the check.It’s important to make sure all the information is correct. The name in the endorsement must match the payee (“Pay to the Order Of…”) name on the front of the check. If someone gives you a check and they’ve spelled your name incorrectly, endor...