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Does bankruptcy look bad on credit?

The bankruptcy will be reflected on your credit score for as long as 7-to-10 years depending on the type of bankruptcy you enter. Until the nation’s three...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is interest paid on estate tax deductible?

When preparing a decedent’s final income tax Form 1040, or an estate or trust’s Form 1041, you may deduct certain types of interest and taxes. Interest pa...

Is workers comp included in taxable income?

Worker’s compensation benefits in California are considered non-taxable income. You will not have to pay taxes for income received in this manner and ther...

When must interim reports be reported?

Interim reporting is the reporting of the financial results of any period that is shorter than a fiscal year. Interim reporting is usually required of any...

Can you deduct short term capital loss from long-term capital?

Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted against short-term gains, and...

What are the finance for a startup?

Startups are usually equity financed/funded by way of venture capital/ private equity investors and(or) angel investors. How does start up financing work?...

Can I cancel a new motorcycle purchase?

In general, you cannot return a motorcycle to a private seller after paying them and signing a bill of sale. When you privately buy a motorcycle, you are ...

Can an employee receive an honorarium?

The Internal Revenue Service recognizes an honorarium as a payment given to someone for services for which fees are not legally required. Employees are al...

Do I have to tell my mortgage lender if I get married?

All things considered, it’s worth the minimal time and effort required to let your mortgage provider know you’ve changed your name. If in the future you d...

Can a spouse be held accountable for foreclosure?

The mortgage lender issues a 1099-C Cancellation of Debt form to your spouse for the remaining balance of the loan. Depending on your circumstances, this ...