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When did the IRS start requiring Social Security numbers for dependents?

December 31, 1987 Tax Reform Act of 1986 (P.L. 99-514) required individuals filing a tax return due after December 31, 1987, to include the taxpayer ident...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What questions do they ask on the US citizenship test?

The 100 civics (history and government) questions and answers for the naturalization test are listed below. What did the Declaration of Independence do? W...

How to dissolve a partnership into a single member LLC?

To file a partnership dissolution form with your state’s Secretary of State. To release a statement in local news media announcing the termination of the ...

Is a trust a legal entity in South Africa?

The rules of South African trust law are a mixture of English, Roman-Dutch and South African law. It is not a juristic (legal) person but there are times ...

Can you fill out w4 as single if married?

Your 2019 W-4 filing status choices are: Married: W-4 married status should be used if you are married and are filing jointly. Married, but withhold at hi...

What are the uses of posting transactions of accounts?

Definition: Posting is the act of moving debit and credit account balances from individual journals to their corresponding ledgers. These ledgers are late...

Can you divorce because of a sexless marriage?

Is a sexless marriage grounds for divorce? Sexless marriage can be grounds for an at-fault divorce, especially if one partner is purposely withholding sex...

Can I decide who gets my Social Security benefits?

When you apply for benefits, the Social Security representative can determine the benefits you are eligible to receive. If you qualify for both your own r...

Who are the users of balance sheet?

Investors are the most common external users of financial statements. Both credit and equity investors make and assess their investment decisions by using...

Are Canadian taxes extended 2021?

Canada’s 2021 tax deadline is still April 30. Despite renewed school and business shut-downs in parts of the country due to the third wave of the COVID-19...