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Can you buy property with a line of credit?

Buying a house with a home equity line of credit has several benefits that a mortgage doesn’t offer. 1. No prepayment penalty: The payment schedule on a l...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Which is an example of an LLC basis limitation?

For example, assume an LLC makes a distribution of cash to a member and allocates loss to that member in the same tax year, and the net effect is to reduc...

How do you remove unauthorized transactions?

Follow these six steps if you find an unauthorized charge on your account. Contact Your Bank. Contact the Vendor. Dispute the Charge With Your Bank or Cre...

What are rebate programs?

Rebate programs provide a cash incentive to customers without making expectations of a low price for your products. How does Enbridge rebate work? A: Upon...

Should I add my spouse to my mortgage application?

Of course, there’s no rule that says you have to apply for a mortgage with your spouse. In fact, leaving one person’s name off the mortgage might be more ...

Do you have to issue a 1099 for accrued interest?

If an account has earned $10 or more in interest in the calendar year, the financial institution has to send out Form 1099-INT. Financial institutions inc...

Is credit score affected by unemployment?

Filing for unemployment does not directly hurt your credit score. Unemployment typically pays you a percentage of your normal take-home pay, so you should...

When did my mom and stepfather pass away?

My mom & stepfather passed away in January in a mobile home fire & soon as I got the call, I drove straight up there (17 hours) all night & wh...

Does company match count towards 401K limit?

The short and simple answer is no. Employer matching contributions do not count toward your maximum contribution limit as set by the Internal Revenue Serv...

What is it called when you use questions in an essay?

A rhetorical question is a question asked more to create an impact or make a statement rather than getting an answer. It is a powerful literary device whi...