The Daily Horizon

Featured Article

Is there a penalty for withdrawing from an IRA after age 70?

RMD Penalty Tax The RMD must be withdrawn by December 31 of each year after age 70 1/2. However, if you fail to take out the RMD each year, the IRS penalt...

Read Full Article Browse global events

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is it illegal to sell a car with a lien on it in Florida?

Selling a Vehicle with an Existing Lien In Florida, a vehicle cannot be legally sold in a private sale if there is an existing lien. For the vehicle to be...

What is the first step in the estate planning process?

Question: The first step in the estate planning process is to List all assets and determine the ownership and value of your estate Assess your family situ...

What are the 6 adjusting entries?

Types of Adjusting Entries Accrued revenues. Under the accrual method of accounting, a business is to report all of the revenues (and related receivables)...

What does it mean when the bank charges you?

The term bank charge covers all charges and fees made by a bank to their customers. In common parlance, the term often relates to charges in respect of pe...

How do I copyright my artwork?

Register Your Work Go to the Library of Congress website and click on the electronic Copyright Office (eCO). Fill out the registration form and pay the re...

Is it good idea to leave 401k with previous employer?

If you have a substantial amount saved, and you like your plan portfolio, leaving your 401(k) with a previous employer may be a good idea. If you are like...

How much are the new stimulus checks going to be?

Stimulus checks: The new one-time stimulus payments send up to $1,400 a piece to those who meet the requirements. Child tax credit: An expansion of the ch...

How are insurance payments included in a mortgage payment?

Like real-estate taxes, insurance payments are made with each mortgage payment and held in escrow until the bill is due. There are comparisons made in thi...

What is the best way to save and grow your money?

Have Some Money Saved Up? Here Are the Best Ways to Make It Grow The safest, most flexible option: A high-yield savings account. To earn more interest: A ...