What is the penalty for paying PA state taxes late?
For each month or fraction of a month the return is late, the department imposes a penalty of 5 percent of the unpaid tax unless the taxpayer can prove re...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
How to take care of an elderly person?
Some older adults have difficulty chewing due to issues with their dentures or teeth and gums. There are ways you can help increase the amount of food you...
Read More →What taxes are frozen at 65 in Texas?
Homestead exemptions are available for all Texas homeowners to reduce their property taxes, with a superior exemption available to those over 65 years of ...
Read More →Can you live fulltime in a motorhome?
Can you legally live in an RV? At present, there’s no specific law prohibiting you from living in your van, campervan or motorhome full-time provided that...
Read More →Is it legal to buy gold and silver?
Under current law, Americans are free to buy and hold as much gold as they want to in any form, including bars, bullion coins, collectible coins and jewel...
Read More →Can you get audited for gambling?
Gambling losses are often a trigger for IRS audits because most people don’t keep careful records of how much they lost while at the casino, racetrack, or...
Read More →How do you title a bank account to a trust?
Visit your local bank branch and let the branch manager or representative know you want to transfer your bank account into the trust. Give the bank repres...
Read More →Can limited partners deduct losses?
The IRS generally does not allow limited partners to deduct losses related to passive activities, except to the extent that those losses can offset other ...
Read More →Why is Box 1 lower than box 16 on my W-2?
Some employees may see a difference between Box 1 Federal Wages and Box 16 State Wages due to the value of certain pre-tax transportation benefits. What i...
Read More →Can 529 be transferred to niece?
It is important to note, that eligible relatives are members of the beneficiary’s family, not the account holder. For example, if you open a 529 college s...
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