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Do you have to file tax return if you are self employed?

If you are self-employed you (or an agent) must make your income tax return and self-assess your tax liability. You have the following options: You can fi...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Will the recovery rebate credit be available on your 2021 tax?

As of March 18, 2021, the 2020 Recovery Rebate Credit amount will no longer be applied to past due federal income tax debts. Generally, tax refunds are ap...

Why do we pay federal taxes?

We pay taxes to fund a variety of federal, state, and local services. Half of Americans’ tax burden is for federal programs. Most of this pays for Social ...

Was Richard Parker eaten?

A chronometer case was used to catch the oozing blood and this was quickly passed between Parker’s three crew-mates, to moisten their parched mouths. Park...

Can I deduct taxes paid on a composite return?

The payment of composite taxes is typically treated as a distribution to the nonresident owners and not a corporate deduction of state income tax expense....

Is a stillborn considered a child?

Stillbirth is typically defined as fetal death at or after 20 or 28 weeks of pregnancy, depending on the source. It results in a baby born without signs o...

Is there a deadline to file a 2008 tax return online?

You may still prepare a 2008 tax return online to file by mail. * The IRS does not allow electronic filing of prior year tax returns, and the deadline for...

What is the base tax rate in Canada?

15% on the first $49,020 of taxable income, and. 20.5% on the portion of taxable income over $49,020 up to $98,040 and. 26% on the portion of taxable inco...

What happens after maturity of PPF account?

Withdraw your money after closing your account The amount you have invested and the earned interest will be transferred to your savings account. You can g...

Why did I not receive any stimulus money?

We did not receive any stimulus money on payments in the first two rounds for her, but I know that was correct because the guidelines for the age of depen...