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When is foreign earned income excludable from income?

Pay for services conducted in international waters (not a foreign country) Pay in specific combat zones, as designated by an Executive Order from the Pres...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is a short term mortgage called?

Key Takeaways. A bridge loan is short-term financing used until a person or company secures permanent financing or removes an existing obligation. Bridge ...

What are company issued stock options?

The most typical way of granting employees an equity ownership in a company is by the issuance of stock options. A stock option gives an employee the righ...

What crisis happened in 2011?

The 2011 U.S. Debt Ceiling Crisis was one of a series of recurrent debates over increasing the total size of the U.S. national debt. The crisis was brough...

How long do cash equivalents last?

Cash equivalents are any short-term investment securities with maturity periods of 90 days or less. They include bank certificates of deposit, banker’s ac...

How do I file a tax extension online?

You can e-File Form 4868 or Form 2350 for free on eFile.com. After you have e-Filed an IRS accepted tax extension, you can complete your 2020 Tax Return b...

When should a child start applying for college?

Generally speaking, you would apply for early admissions in November of 12th grade (senior year). To meet a regular decision deadline, you’d apply a few m...

Can A S Corp pay you as an employee?

Substantial Services Performed by a Shareholder. If you do substantial work for the S Corp and you are also a shareholder, then you will be considered an ...

Can I take my son to live abroad?

You cannot unilaterally take your child to live abroad if they are habitually resident in England and Wales and you share parental responsibility with ano...

What are market factors?

“Factor market” is a term economists use for all of the resources that businesses use to purchase, rent, or hire what they need in order to produce goods ...