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What is the NPV of a property?

Net present value is the present value of all future cash flows produced by a rental property less the amount of initial cash investment required to purch...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you break an annuity contract?

You typically have to pay surrender penalties if you cash in your contract before it reaches maturity with variable and indexed annuities. It can take up ...

Can a single person have a trust?

An attorney you can trust If you’re single, the two most important reasons for establishing a living trust is that it helps your beneficiaries to avoid th...

Can a 17 year old go to college?

In the US, colleges accept students who are at least 17 years of age. However, as always, there are exceptions to the rule. Although rare, accelerated stu...

What is separation of service 401k?

The separation of service rule states that if an employee who is participating in a company retirement plan, such as a 401(k) plan, leaves the employer du...

What is the purpose of bad debt expense?

Bad debt expense is used to reflect receivables that a company will be unable to collect. Bad debt can be reported on financial statements using the direc...

What is a good age to get a first job?

Parents are likely footing the bill until at least age 15, when Americans agree a child is ready for their first job (15.5 on average). Until then, many k...

What does inheritance tax include?

Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions and money. What is the tax on inherited assets? ...

How do you report interest on US savings bonds and Treasury obligations?

The investor/taxpayer may deduct this amount from their income as an adjustment to income on Form 1040, Schedule 1, Line 30. Box 3 contains the Interest I...

What is the best silver coins to invest in?

What Are The Top 10 Silver Coins for Investment? Silver American Eagle. Silver Canadian Maple Leaf. Silver British Britannia. Silver Mexican Libertads. Si...