Children
Okay, So I have a major question, Here in Louisiana, You can keep up to 6 children at one time, But I have 4 part-timers that come on the weekends, and during the middle of the day while my before/after schools are at school...Am I going to have a problem at tax season, since I will be giving a Form to 5 parents?
|
Welcome to the Daycare.com Forum! I've upgraded your status. You can post freely now.
|
Originally Posted by LittleCrawfishCC: And with children in your home on weekends too - that's going to push your time/space % very much in your favor;) |
That is good to know, I am soooo confused about all these things with taxes and time/space %...and write offs and all...I a trying to keep receipts of everything...I REALLY hope my tax person/bookkeper knows what he is doing, Hopefully he will because my husband works offshore and he has been dealing with his crazyness for 9 years.
|
tax issues
As long as you report the income from these children, you won't have a problem with the IRS, since you are in compliance with state law. As long as you are in compliance you can deduct all normal business expenses.
|
All times are GMT -7. The time now is 04:32 AM. |