How do I report accrued interest paid on purchases on my taxes?
The first step in reporting accrued interest is receiving a copy of IRS Form 1099-INT for each of the bonds you held during the year that provided at leas...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
Can you transfer deed to a house with a mortgage?
No law forbids adding someone to your mortgaged home’s deed or in signing your home over to others through one. Mortgage lenders understand deeds, though,...
Read More →Do HSA contributions have to go through payroll?
Employer contributions to an HSA are not considered income and so they’re not subject to income tax or payroll tax. You can then deduct that amount on you...
Read More →How long does it take for a US permanent resident to sponsor a parent?
I-130 Processing Times for Immediate Relatives For immediate relatives (spouse, children and parents) of U.S. citizens, there is an unlimited number of im...
Read More →Do you have to pay taxes on LLC in Texas?
By default, LLCs themselves do not pay federal income taxes, only their members do. Texas, however, imposes a state franchise tax on most LLCs. The tax is...
Read More →Is double dipping disrespectful?
Double-Dipping food in a shared sauce is gross and rude because your germs are contaminating the food. If the sauce is on your own plate or your personal ...
Read More →Can I retire and collect Social Security later?
You can get Social Security retirement or survivors benefits and work at the same time. But, if you’re younger than full retirement age, and earn more tha...
Read More →Can you reply anytime to thanks?
We say thank you when we want to show our appreciation or gratitude for something that somebody else did. We say anytime in response to thank you. Anytime...
Read More →Does Social Security disability retro pay?
Because the application and determination process is often so long, Social Security will pay you retroactively once you are approved. Social Security Disa...
Read More →Are you financially responsible for identity theft?
Your Liability You are not responsible for the debt as long as you notify the proper authority. Usually, victims of credit and credit card fraud will be l...
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