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Can assets be added to a trust after death?

If you’re a trustee of such a trust, there are certain steps to take to transfer assets into the trust: Assist the executor of the estate in making an ord...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Who can prepare taxes?

Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. However, tax professionals have d...

Is it good time to invest in property?

With the economic recovery picking up pace and attractive home prices, analysts say it is a good time for investors to put in money in stocks of real esta...

Do freelancers count as self-employed?

The Internal Revenue Service considers freelancers to be self-employed, so if you earn income as a freelancer you must file your taxes as a business owner...

How are closed-end funds taxed?

Excluding a handful of exceptions, CEFs themselves do not pay taxes. Instead, like open-end mutual funds and ETFs, CEFs pass the tax consequences of their...

Should you retire at 68?

You want to boost your benefit payments without having to wait too long to collect them. So if your full retirement age is 67, at which point you start ex...

Can a spouse work for a business and not be paid?

In this case, if your spouse works on a day-to-day basis in the business you may decide not to pay a salary to this person in addition to the money receiv...

Does everyone get approved for car finance?

The minimum requirement for obtaining car finance is employment or a regular independent income. If you are employed, whether it’s full– or part-time, you...

What are share certificates?

A share certificate refers to a document which is issued by a company evidencing that a person named in such certificate is the owner of the shares of the...

How would you handle the debt situation?

How to Manage Debt of Any Size Know How Much You Owe. Pay Your Bills on Time Each Month. Create a Monthly Bill Payment Calendar. Make at Least the Minimum...