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Does the federal government recognize domestic partners?

While California generally treats registered domestic partners and married couples equally in terms of rights and responsibilities, the federal government...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do I get my W-2 from a company I no longer work for?

If you haven’t received yours by mid-February, here’s what you should do: Contact your employer. You should first ask your employer to give you a copy of ...

Can you get child benefit for a 3rd child?

You may be able to get the additional child amount for a third or subsequent child if either: your child was born as a result of a non-consensual concepti...

What are the different OSHA certifications?

OSHA Certificate Programs Certified Occupational Safety Specialist (COSS) Certified Safety and Health Official – General Industry. Certified Safety and He...

Does everyone pay payroll tax?

Put simply, payroll taxes are taxes paid on the wages and salaries of employees. Half of payroll taxes (7.65 percent) are remitted directly by employers, ...

Are C corporations taxed at the corporate rate?

A C corp uses Form 1120 to report its earnings and claim its tax credits and deductions. Its income is typically taxed at the corporate level based on the...

Who is exempt from filing income tax?

Under age 65. Single. Don’t have any special circumstances that require you to file (like self-employment income) Earn less than $12,400 (which is the 202...

How long can you offset capital losses?

Net capital losses in excess of $3,000 can be carried forward indefinitely until the amount is exhausted. Due to the wash-sale IRS rule, investors need to...

Is federal income tax a liability?

Tax liability is the total amount of tax debt owed by an individual, corporation, or other entity to a taxing authority, such as the IRS. Income taxes, sa...

What happens if two people claimed a dependent on a tax return?

If two individuals claim a dependent on a tax return, both of the returns will be flagged by the IRS and reviewed in order to determine which is valid. Wh...