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Can I have an HSA without 1099-SA?

IMPORTANT: You WON’T get the 1099-SA form if you DIDN’T withdraw funds from your HSA in the previous year. The 5498-SA form is typically delivered the mon...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Why does T-Mobile run a credit check?

Cell phone companies run a credit check on you every time you sign up for a new contract. The rationale is simple: Wireless companies want to make sure yo...

Can negative marks be removed from credit report?

In general, accurate information cannot be removed from a credit report. Negative account information, such as late payments and charge offs, remain on th...

Does your W-2 show your salary?

One of the main tax documents that you need to understand is your W-2. Your W-2 gives a lot of information, but the most important is that it shows your t...

Can I cancel my taxes if I already filed?

No. You can’t cancel the return after it has been e-filed. If you need to change any information in the return, you can only make changes to your return i...

How do you record profit journal entries?

The closing entries for completing the Profit and Loss Account are the following: (1) Debit the Profit and Loss Account: Credit the various Expenses Accou...

What is a typical loan to value ratio today?

If you’re applying for a conventional mortgage loan, a decent LTV ratio is 80%. That’s because many lenders expect borrowers to pay at least 20% of their ...

When should Signing bonuses be paid?

Businesses most commonly pay signing bonuses: After the employee accepts the job offer and signs the formal acceptance paperwork. With the employee’s firs...

Does Western Union accept Cheques?

Generally, we will pay cash to your receiver. But, in some cases, payment may be made by cheque or a combination of cash and cheque. Other restrictions ma...

Is it better to pay estimated taxes?

Having enough tax withheld or making quarterly estimated tax payments during the year can help you avoid problems at tax time. Taxes are pay-as-you-go. Th...