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| Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc. |
Topic Review (Newest First)
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| 01-19-2011 08:35 PM | ||
| TomCopeland | Nope. You must report $1 as income on Schedule C. Any income must be reported. If your profit is less than $400 you don't owe any social security tax on it, but it must be reported. | |
| 01-19-2011 07:08 PM | ||
| kendallina |
Quote:
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| 01-19-2011 07:07 PM | ||
| lvt77 | i believe it is $400.00 | |
| 01-19-2011 07:06 PM | ||
| llove530 |
Isn't there a certain amount of money you can earn and not have to report? Thx! |
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