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Is import duty direct or indirect tax?

Customs Duty in India Customs Duty is a type of Indirect Tax which is levied on goods which are imported into India. Is import duty a direct tax? Indirect...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is IRA capital gains taxed?

What is the capital gains rate for retirement accounts? One of the many benefits of IRAs and other retirement accounts is that you can defer paying taxes ...

Can you transfer a lease buyout?

Absolutely! You may transfer your lease to someone else at any time but there is an administration fee for the cost of transferring it over. The person yo...

What is the name of the Green River Killer?

Gary Leon Ridgway Gary Ridgway, in full Gary Leon Ridgway, byname Green River Killer, (born February 18, 1949, Salt Lake City, Utah, U.S.), American crimi...

Are bonuses taxed separately?

Yes, bonuses are considered supplemental wages and therefore are taxable. Conversely, if the employer decides to separate the bonus from regular pay, then...

What industries make the most money in Mexico?

Mexico has the ninth-largest economy in the world. Its main industries are food and beverages, tobacco, chemicals, iron and steel, petroleum, clothing, mo...

How do I prove non custodial parent income?

You can ask the judge to order the other parent to bring proof of his or her income to court. Proof might include pay stubs, W-2 forms, or tax returns. Ho...

Can you deduct medical expenses if you have no income?

The expenses can be ones you pay for yourself, your spouse or your dependents, but not any costs that insurance covered or that you were reimbursed for th...

Where is domestic partner imputed income reported on w2?

Box 12 Report health benefits for same-sex couples correctly. The entire cost of the health benefits, including both the non-taxable portion and the “impu...

Who Must File unearned income?

Unearned Income Only A child who has only unearned income must file a return if the total is more than $1,100. Example: Sadie, an 18 year old dependent ch...