The Daily Horizon

Featured Article

Can AC corporation loan money to a shareholder?

A profitable C corporation may lend money to its shareholders. A loan from your C corporation isn’t taxable income to you and doesn’t have tax consequence...

Read Full Article Browse health

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you find out if a painting has any value?

Find Out Who Owned It Beforehand One good indicator of how to tell if a paint is valuable is to figure out who owned the painting beforehand. If someone w...

Can a nursing home take assets in a trust?

A revocable living trust will not protect your assets from a nursing home. This is because the assets in a revocable trust are still under the control of ...

What is interest rate annually?

An annual percentage rate is expressed as an interest rate. It calculates what percentage of the principal you’ll pay each year by taking things such as m...

What is a receivables company?

If a company has receivables, this means it has made a sale on credit but has yet to collect the money from the purchaser. Essentially, the company has ac...

Can corporate losses be carried back?

For losses incurred in tax years beginning after December 31, 2020, only farming losses (discussed below) and losses of an insurance company, other than a...

How do I organize customers in QuickBooks?

How to create a customer group Go to the Lists menu, then select Manage groups. Select Create customer group. Add a Name and Description for the group, th...

Can a therapist treat a spouse?

Some make it a rule, while others decide on a case-by-case basis. There are even therapists who treat the couple by seeing each party separately for a per...

What happens if my 401k loan defaults?

If you can’t repay the loan, it is considered defaulted, and you will be taxed on the outstanding balance, including an early withdrawal penalty if you ar...

What is the income limit for SNAP?

Eligibility Monthly Income Limits Household Size Gross Income Limit (applies to most households, except those in which at least one person is 60 years of ...