updates

What determines a dependent child?

To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test: To meet the qualifying child...

Jul 27, 2026 • 1 READS

updates

What percentage of income should you pay for quarterly taxes?

So to figure what percent you should pay each quarter, make a projection of a full year’s taxable income for all your activities, figure the taxes you wil...

Jul 27, 2026 • 1 READS

updates

What do you mean by a decision to shut down in business?

A decision to shut down means that the firm is temporarily suspending production. A firm that has shut down is not producing, but it still retains its cap...

Jul 27, 2026 • 1 READS

updates

Can a tiny house be registered as an RV?

In some cases, if a tiny house is RMS registered as a trailer, no DA approval is required to put it in your backyard or on your property, if you meet cert...

Jul 27, 2026 • 1 READS

updates

Do you have to file a 940 if you have no payroll?

It’s important to note that not all employers in the U.S. are required to file Form 940… but most are. If you’ve: Paid $1,500 or more in wages to any W-2 ...

Jul 27, 2026 • 1 READS

updates

Where can I get free tax preparation services?

You can also find free tax preparation services through local non-profits if you qualify. The Volunteer Income Tax Assistance (VITA) provides free tax pre...

Jul 27, 2026 • 1 READS

updates

Why do you think you have to pay sales tax?

Nearly all states in the U.S. charge sales tax on items sold, California is no different in that regard. Sales taxes go into the general fund to help pay ...

Jul 27, 2026 • 1 READS

updates

How much does the average person draw from Social Security?

Higher income translates to a bigger benefit (up to a point — more on that below). The amount you are entitled to is modified by other factors, most cruci...

Jul 27, 2026 • 1 READS

updates

What does it mean to claim your inheritance?

If you have no living relatives, your estate becomes state property. So, if you have a relative who passed away without a Last Will, you could be entitled...

Jul 27, 2026 • 1 READS

updates

Is disbursement same as refund?

Disbursements occur when SPC receives federal, state, or other funds on your behalf. Refunds occur when the amount of the disbursements received on your b...

Jul 27, 2026 • 1 READS