The Daily Horizon

Featured Article

Can you file taxes through a tax professional?

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

Read Full Article Browse environment

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is the filing threshold for Form 8938?

$50,000 Unmarried individuals residing in the United States are required to file Form 8938 if the market value of their foreign financial assets is greate...

Why do companies close the books at the end of the reporting period?

One of the major purposes for closing your books at the end of each accounting period is to allow you to prepare financial statements that give you a pict...

What does a letter from the IRS say?

Some taxpayers, for example, receive a letter that says something like: “Congratulations! After reviewing your tax return, the IRS has decided to grant yo...

What is form I-134 affidavit of Support for?

Use this form to sponsor a visa applicant and show they will not become public charges while in the United States. You must file a separate affidavit for ...

Do I need a lawyer if I am innocent?

In short, you need a criminal defense attorney no matter how innocent you are. Our role is to believe your innocence, build a case to protect you, and mai...

What account type is an annuity?

Fixed Annuities: The Lower-Risk Option Fixed annuities are the simplest type of annuity to understand. When your contract is over, you can either annuitiz...

Can I update QuickBooks 2017?

Go to the Help menu and select Update QuickBooks Desktop. Go to the Options tab. Select Yes to turn on automatic updates. Tip: If you want to share automa...

How do I record an Employee Loan?

How do I record a loan made to an employee? Go to Accounting on the left panel. Within the Chart of Accounts tab, click the New button at the upper-right ...

How can I get my ITR12 tax return?

How to use SARS eFiling to File Income Tax Returns STEP 1: Get started by logging in. STEP 2: Generate your ITR12 tax return. STEP 3: Start work on your i...