What should I do first if I want to start a new business?

R) You may have to apply for a Business Certificate at the County Clerk Office, an Employer ID Number, Sales Tax ID Number ( retailer, vendor). Then contact your account.

When do I file my quarterly returns?

You must filed your quarterly Sales Tax :

1. 1) At the end of the month of February, but not later than March 20.
2. At the end of May, but not later than June 20
3. At the end of August, but no later than September 20
4. At the end of November, but not later than December 20.

Quarterly Payroll Taxes are filed:

1. At the end of March, but later than April 15
2. At the end of June, but no later than July 15
3. At the end of September, but no later than October 15
4. At the end of December, but no later than January 15.

My child is over 18 year old. Can I can claim him/her as a dependent and be eligible for Earned Income Credit?

R) Yes, if he or she is a full time College student. If he is over 24 years old, he/ she has to be handicapped.

What is a qualifying dependent for Earned Income Credit?

The dependent must meet:

1. The age requirement
2. The residency requirement ( at least 6 months living with the taxpayer of the tax year)
3. The relationship requirement( son, daughter, stepchild grandchild, fosterchild).

Am I eligible for Earned Income Credit if I file a single return?

1. Yes, but you have to be between age 25-64 years old
2. And your adjusted gross income should be less than $10, 200 for the previous full year.

My father/Mother claims me as a dependent in his/her return. Can I file my own return?

R)Yes, but you must notify your tax preparer about that.

I donated a car, I gave money to churches . May I claim those deductions in my return?

R) You may, but only if you Itemize your deductions in schedule A, and your Itemized deductions exceed the Standard deductions.