|
|
|
|||||||
| 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)
|
| 02-10-2011 04:15 PM | |
| TomCopeland |
Yes, for purposes of eligibility of various programs you should always be reporting your net income (profit) from your business. This is the bottom line on your Schedule C that gets transferred to Form 1040, line 12. Join me for a webinar February 28 - "How to Reduce Your Taxes for 2010 and 2011". For more info: http://www.daycare.com/news/taxes/to...d-webinar.html |
| 02-10-2011 10:06 AM | |
| Pammie |
Use the number that you enter on your 1040 - income from business. That would be **after** all of your expenses and deductions. |
| 02-10-2011 09:11 AM | |
| DCMomOf3 | Yes, this is my first year taking out loans. I didn't see where it told me which line, maybe I haven't been looking in the right place. |
| 02-10-2011 09:00 AM | |
| GG~DAYCARE | FAFSA has you take all your figures off of your 1040. I do my taxes and than follow up right away with the FAFSA. The FAFSA will even tell you what line of your 1040 you will get your number from. Is this your first year doing a FAFSA? |
| 02-10-2011 08:09 AM | |
| DCMomOf3 | I am applying for financial aide and I am not sure what number to put for my income. They want how much I earned from working (wages, salaries, tips, etc.) in 2010. Does anyone know if this before expenses and taxes or income after I take out my expenditures? |
