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How much should I offer for credit card settlement?

Offer a specific dollar amount that is roughly 30% of your outstanding account balance. The lender will probably counter with a higher percentage or dolla...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How many financial institutions are there?

18,000 financial institutions Yet it’s not uncommon to hear that there are nearly 18,000 financial institutions in the United States. How do I find my fin...

Do you get a bigger tax refund if married?

Separate tax returns may give you a higher tax with a higher tax rate. The standard deduction for separate filers is far lower than that offered to joint ...

What are professional services in business?

Professional services firms exist in many different industries. They include lawyers, advertising professionals, architects, accountants, financial advise...

Can you be exempt from state taxes?

Being tax exempt means that some or all of a transaction, entity or person’s income or business is free from federal, state or local tax. Tax-exempt organ...

Will Social Security checks come early this month?

If your birthday is from the 1st to the 10th, you will receive your payment on the second Wednesday of each month. If you were born between the 11th and t...

What is the highest legal interest rate on a business loan?

12 percent For example, in California the maximum interest rate is set at 12 percent, however, the law states that banks and similar institutions are exem...

Can I withdraw from Roth before 59?

You may withdraw your contributions to a Roth IRA penalty-free at any time for any reason, but you’ll be penalized for withdrawing any investment earnings...

How is investment property remeasured in the market?

Investment property is remeasured at fair value, which is the price that would be received to sell an asset or paid to transfer a liability in an orde...

Is S Corp a passive activity?

If you don’t materially participate in the partnership or S corporation, those activities are passive. On the other hand, if you “materially participate,”...