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How is a LLC taxed as a corporation?

Consider Electing Corporate Taxation. Any LLC can choose to be treated like a corporation for tax purposes by filing IRS Form 8832, Entity Classification ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is partnership firm limitedly liable?

Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while ...

Does paying down principal lower monthly car payments?

Pursue methods to pay down the principal As we’ve mentioned, if you have a simple-interest loan, you can pay it off more quickly by making additional paym...

How do I check my Missouri unemployment balance?

For information on your Missouri Access MasterCard® balance, deposits and other activity, visit (no fee), or call 888-775-3445 (three free calls per week ...

Can you force a divorce if the other person refuses?

Generally, if the other spouse refuses to sign the initial divorce papers, the person seeking the process can still file the divorce and proceed with the ...

Can I borrow money to start a business?

Borrowing money is one of the most common funding sources for small businesses according to the U.S. Small Business Administration. Borrowing funds to pay...

What is customer convenience fees?

The convenience fee is an additional value the merchant assesses the customer when s/he chooses to pay by card. So, when the customer prefers the card pay...

Do I have to split T5 income with spouse?

A T5 slip identifies the types of investment incomes you need to report on your income tax returns. Most of the time, you and your partner share money so ...

How do you say waiting for reply?

How Do You Say Politely I Am Waiting For Your Reply? Using “Look forward” 2. “ 3. “ Use a call-to-action. “Always happy to hear from you / Always happy to...

What is the applicable federal rate right now?

The federal “short-term rate” is determined from a one-month average of the market yields from marketable obligations of the United States with maturities...