The Daily Horizon

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Why do I have to file Forms W-2 and 1099 MISC?

During an examination of the taxpayer’s 2019 employment tax returns, the examiner found the taxpayer filed both Form W-2 and Form 1099-MISC for several wo...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What percentage of your 401k Do you have to withdraw at 70?

Uniform lifetime table Age Applicable divisor 70 27.4 71 26.5 72 25.6 73 24.7 What happens if you don’t take money out of your 401k by age 70 1 2? You can...

What is a good management fee for 401k?

around 0.50% Account management fee Fees around 0.50% are reasonable for a 401(k). Anything over 1% is getting into a territory that’s more beneficial to ...

What franchise can you start with 20K?

Top Franchises Under 20k Dream Vacations. If you’ve got a passion for travel, why not turn it into a lucrative business? Mosquito Minus. Another affordabl...

What is a restaurant manager responsibilities?

A Restaurant Manager, or Restaurant General Manager, is responsible for overseeing the daily operations of a restaurant. Their duties include hiring and t...

What is a 60-day rollover transfer?

Definition The 60-day rollover allows you to transfer assets from one IRA (or other retirement plan) to another IRA. Specifically, the IRS will allow you ...

How can I get credit at 19 with no credit?

To begin establishing credit if you have none, try one or more of these options: Become an authorized user on a parent’s credit card. Open a student or se...

Where did my PHH Mortgage go?

Ocwen and PHH Mortgage announced today that the merger of the two companies is complete. Their combined operations will create tremendous opportunities fo...

Can a sister live in a house that has been sold?

To increase the value of the property the successor trustee completed the recommended repairs. The home was listed and sold. The sister living in the home...

How does the lack of insurance affect access to health care?

Lack of health insurance coverage may negatively affect health. Uninsured adults are less likely to receive preventive services for chronic conditions suc...