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How does a property get foreclosed?

What is a Foreclosure? A foreclosure is the legal process where your mortgage company obtains ownership of your home (i.e., repossess the property). A for...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Which portfolio is less risk?

Most sources cite a low-risk portfolio as being made up of 15-40% equities. Medium risk ranges from 40-60%. High risk is generally from 70% upwards. In al...

What is GAAP compliance?

GAAP compliance makes the financial reporting process transparent and standardizes assumptions, terminology, definitions, and methods. External parties ca...

Are day laborers tax deductible?

Day laborers are almost always treated as independent contractors, often with no paperwork and no withholding for taxes or benefits, although they should ...

How do you respond to financial problems?

How to tackle financial stress Identify what needs the most attention. Write down your three biggest money challenges so you know what you’re up against. ...

When does an inheritance have to be transferred?

By: John Cromwell, J.D. An inheritance is the transfer of property after a person passes away. Property can be transferred at any point before or immediat...

What is the best organization to donate a car to?

Top 7 Best Car Donation Programs One Car, One Difference. Charity Motors. Car Donation Wizard. The Arc Vehicle Donation. AllState Car Donations. Riteway C...

What does depreciated straight line to zero mean?

The straight line method of depreciation is the simplest method of depreciation. Using this method, the cost of a tangible asset is expensed by equal amou...

Can I cash in a pension from an old employer?

Can I cash in a pension from an old employer? Yes – any money you’ve built up in an employer pension is yours, even if you’ve since left that employer. On...

Are there rules for military spouses?

While military members are subject to certain rules about what they can say and do while in uniform, those restrictions do not extend to military spouses....