Daycare.com Forum

Go Back   Daycare.com Forum > Search Forums

Showing results 1 to 100 of 905
Search took 0.03 seconds.
Search: Posts Made By: legomom922
Forum: Daycare and Taxes 04-19-2011, 09:30 AM
Replies: 5
Views: 1,520
Posted By legomom922
Well as long as we still get what we are suppose...

Well as long as we still get what we are suppose to get, I wont stress out.
Forum: Daycare and Taxes 04-19-2011, 06:33 AM
Replies: 5
Views: 1,520
Posted By legomom922
So are you saying that while this was going on...

So are you saying that while this was going on you still got your refund that you were suppose to get? or did you get the refund in the wrong amount?

Now you said the inquiry took a yr? So thsi...
Forum: Daycare and Taxes 04-19-2011, 04:41 AM
Replies: 5
Views: 1,520
Posted By legomom922
My Return Was Rejected...

So I finally finished all this tax stuff and went to my tax guy I found through a friend and he calls me yesterday and tells me our return was rejected.. because he gets a message saying on eof our...
Forum: Daycare and Taxes 04-10-2011, 01:00 PM
Replies: 19
Views: 3,762
Posted By legomom922
Can't shopping around also go againist you? We...

Can't shopping around also go againist you? We have been shopping for a refi loan ourselves, and we go through the process of seeing what the bottom line mortage payment will be, so they they...
Forum: Daycare and Taxes 04-07-2011, 08:16 AM
Replies: 1
Views: 1,587
Posted By legomom922
City/Town Taxes

My city/town taxes are paid in Oct every yr for the following yr, and covers the period of July-June.

So in Oct 2009, I paid the tax for July 1, 2009-June 30, 2010

In Oct 2010, I paid teh tax...
Forum: Daycare and Taxes 04-06-2011, 05:56 PM
Replies: 1
Views: 1,456
Posted By legomom922
Home Imrovement vs Repair/ or Deduction

I think I'm getting hung up on th erules or the definitions on what makes something a repair or maintainence vs a home improvement.. What are the rules of thumb? Like lets use my closet doors for an...
Forum: Daycare and Taxes 04-06-2011, 05:50 PM
Replies: 7
Views: 2,041
Posted By legomom922
What is the general rule of thumb cost wise to...

What is the general rule of thumb cost wise to call something a home improvement anyway?
Forum: Daycare Center and Family Home Forum 04-06-2011, 06:06 AM
Replies: 25
Views: 3,117
Posted By legomom922
So DCM has her Mom coming to get DCG, but it...

So DCM has her Mom coming to get DCG, but it won't be until 11am, because she lives about 1/2 away and needs to go to work, so she will pick her up on the way and then drop her off to her moms house...
Forum: Daycare Center and Family Home Forum 04-06-2011, 04:51 AM
Replies: 25
Views: 3,117
Posted By legomom922
DCG Dropped Off With Upset Tummy!

DCG 3 was dropped off this am with what her mom toldme was a tummy ache..So I layed her down in my bed, and 10 minutes later she was puking up a storm! All over everything. I texted Mom and told her...
Forum: Daycare and Taxes 04-05-2011, 06:30 PM
Replies: 7
Views: 2,041
Posted By legomom922
Ok got it. I was applying the $100 rule. LOL

Ok got it. I was applying the $100 rule. LOL
Forum: Daycare and Taxes 04-05-2011, 04:26 PM
Replies: 7
Views: 2,041
Posted By legomom922
Tom, you are confusing me friend..last night on...

Tom, you are confusing me friend..last night on my other thread about home impovements you said it was a home improvement, so I just need clarification if it s repair or a improvement. LOL

So all...
Forum: Daycare and Taxes 04-05-2011, 08:01 AM
Replies: 7
Views: 2,041
Posted By legomom922
Home Improvement Reciepts

We had installed a hose, spicket etc to the back of our home and moved the one from the inside of the garage to the outside of the house. It required alot of plumbing supplies, tools, etc. We had to...
Forum: Daycare and Taxes 04-05-2011, 05:15 AM
Replies: 5
Views: 4,078
Posted By legomom922
Oh I am burned out..I thought all home...

Oh I am burned out..I thought all home improvements that were done before the business began were included because it added value to the home. But I would imagine that most home improvements would be...
Forum: Daycare and Taxes 04-04-2011, 04:26 PM
Replies: 5
Views: 4,078
Posted By legomom922
Tom, I'm confused and maybe you can help me...

Tom, I'm confused and maybe you can help me understand this part..

If I remodeled a bathroom before I went into business, I can add it to the value of my house...but if I remodel the bathroom...
Forum: Daycare and Taxes 04-04-2011, 12:11 PM
Replies: 1
Views: 1,021
Posted By legomom922
What category does grass seed go under in MMK?

Would it go under repair and maintainance? or household supplies........
Forum: Daycare and Taxes 04-04-2011, 10:11 AM
Replies: 5
Views: 4,078
Posted By legomom922
What Else Is Considered Home Improvements?

We have done these things. Please tell me if any of them are NOT considered home improvements:

Added a deck to the front of the house
put in new windows & doors
remodeled a bathroom
had the...
Forum: Daycare and Taxes 04-04-2011, 09:31 AM
Replies: 1
Views: 1,113
Posted By legomom922
Where Do I Enter Home Improvements To Home?

When figuring out the home depreiciation, am I suppose to just add the amount of money that has been spent on home improvements over the yrs to the price of the home and enter that amount under...
Forum: Daycare and Taxes 04-04-2011, 07:17 AM
Replies: 1
Views: 2,794
Posted By legomom922
How Much Does Furniture Depreciate In Less Than 1 Yr?

I *think* I read somewhere maybe even in one of Toms books, that if you buy something and you start using it for business within 1 yr, to use the actual cost of the item? is this true?

I am in the...
Forum: Daycare and Taxes 04-02-2011, 03:12 PM
Replies: 10
Views: 2,199
Posted By legomom922
Oh, so thats the catch! Pay for the cookies but...

Oh, so thats the catch! Pay for the cookies but dont take them!
Forum: Daycare and Taxes 04-02-2011, 12:01 PM
Replies: 10
Views: 2,199
Posted By legomom922
I always thought they were deductable because I...

I always thought they were deductable because I thought they always advertise "support your local girl scout troop and your contribution is tax deductable" No? Maybe I'm thinking of something else?
Forum: Daycare and Taxes 04-02-2011, 07:24 AM
Replies: 9
Views: 1,968
Posted By legomom922
How about a book for deductions only, which lists...

How about a book for deductions only, which lists thousands and thousands of deductions? So that no one would ever have a question about a deduction, and this book would also have a detailed...
Forum: Daycare and Taxes 04-02-2011, 07:18 AM
Replies: 14
Views: 2,907
Posted By legomom922
I never asked for this, but when I called the...

I never asked for this, but when I called the asessors office the other day, they printed up a sheet for me on their computer and mailed out eaxtly what the land & house was asessed for back in 2003!...
Forum: Daycare and Taxes 04-02-2011, 07:15 AM
Replies: 10
Views: 2,199
Posted By legomom922
Tax Tip of the Day

While I was going through my old bank statements looking for a ck, I came across other cks that I had written that I had totaly forgot about that I could use as deductions. Such things I found were...
Forum: Daycare and Taxes 04-02-2011, 07:08 AM
Replies: 7
Views: 2,617
Posted By legomom922
:lol::lol::lol: You are too funny! I...

:lol::lol::lol: You are too funny!

I signed up for MMK in July, but never had time to input everything, and I was learning so much as I was going along, and then I had some family drama that had...
Forum: Daycare Center and Family Home Forum 04-02-2011, 05:28 AM
Replies: 36
Views: 4,515
Posted By legomom922
My DCG always shows in pj's but thats ok, it...

My DCG always shows in pj's but thats ok, it doesn't bother me, as she gets here between 6-630 anyway. Sometimes I even put here back down in my bed.

In teh past other DCKs have shown up in...
Forum: Daycare Center and Family Home Forum 04-02-2011, 05:24 AM
Replies: 35
Views: 3,855
Posted By legomom922
Yes, I close every yr, with pay. I go to church...

Yes, I close every yr, with pay. I go to church at noon every yr. It's a very important day for my family.

I have never heard of Easter Monday..But usually Easter break follows, and I close that...
Forum: Daycare and Taxes 04-01-2011, 07:10 PM
Replies: 2
Views: 1,796
Posted By legomom922
My guess would be it would have to be depreciated...

My guess would be it would have to be depreciated as a land improvement at t/s%, because you may have company over for Christmas dinner and they park there.
Forum: Daycare and Taxes 04-01-2011, 06:45 PM
Replies: 3
Views: 1,990
Posted By legomom922
Blaccat, Thanks for those kind words however I...

Blaccat, Thanks for those kind words however I must tell you I am not doing my own taxes. I wish I was THAT smart! LOL However, I am OCD (cant u tell?)and like to be as thorough as possible, and be...
Forum: Daycare and Taxes 04-01-2011, 11:18 AM
Replies: 3
Views: 1,990
Posted By legomom922
Ok Tom Have U Ever Been Asked This?

Heres an interesting question:

For DC you can write off business use of bandages, you can also write off bandages as a medical deduction for personal taxes, so would deduct this twice?? Or would I...
Forum: Daycare and Taxes 04-01-2011, 10:43 AM
Replies: 6
Views: 1,827
Posted By legomom922
You just started entering your expenses, how did...

You just started entering your expenses, how did you finish so quick? Did you go through your house inventory like we spoke about? I started this in Jan and I am still at!! I have not left one stone...
Forum: Daycare and Taxes 04-01-2011, 09:17 AM
Replies: 0
Views: 881
Posted By legomom922
Tax Question Re: Meds Not DC Related

My husband has diabetes, and Dr told him to take along with his meds, aspirin, vitamins, and fish oil. Something to do with keeping the blood from clogging etc. So if his dr is telling him he HAS to...
Forum: Daycare and Taxes 04-01-2011, 05:03 AM
Replies: 9
Views: 1,968
Posted By legomom922
So now we can write off the business portion of...

So now we can write off the business portion of our cell phones if it is a first line? I am confused, I thought we couldnt...
Forum: Daycare and Taxes 04-01-2011, 05:00 AM
Replies: 9
Views: 1,968
Posted By legomom922
LOL! No but I'm giving Tom an idea to write one...

LOL! No but I'm giving Tom an idea to write one soley on deductions!! What do you think Tom?
Forum: Daycare and Taxes 03-31-2011, 09:20 AM
Replies: 9
Views: 1,968
Posted By legomom922
No, this cell phone is not the the 1st line..

No, this cell phone is not the the 1st line..
Forum: Daycare and Taxes 03-31-2011, 08:27 AM
Replies: 9
Views: 1,968
Posted By legomom922
Cell Ph Charger

I know we cannot write off our cell phones if it is considered our 1st line, however, one day when I had DCG with me and we were on our way to somewhere, my phone started beeping, and was dying, and...
Forum: Daycare and Taxes 03-31-2011, 06:00 AM
Replies: 14
Views: 2,907
Posted By legomom922
Must be different in Cananda because currently in...

Must be different in Cananda because currently in 2010, our home was asessed at $123,000 with $17,000 of that value for land, according to my 2010 tax statement.
Forum: Daycare and Taxes 03-30-2011, 07:45 PM
Replies: 7
Views: 1,370
Posted By legomom922
Ya I guess it is pretty funny now that I went...

Ya I guess it is pretty funny now that I went back and read it! :lol::lol::lol:

I only have this one family, so I'm a little non professional I guess. LOL Funny thing is, those mornings she came...
Forum: Daycare and Taxes 03-30-2011, 07:35 PM
Replies: 0
Views: 1,004
Posted By legomom922
Inventory of Home

My appt to get these darn taxes done is April 9. When I do inventory of my home, I just want to clarify, I am only counting things that I use in my DC either directly or indirectly, and things that...
Forum: Daycare and Taxes 03-30-2011, 07:21 PM
Replies: 14
Views: 2,907
Posted By legomom922
Sorry you lost me on this one. He paid $80,000...

Sorry you lost me on this one. He paid $80,000 total but acessors office said $15000 was for the land and the home would be the rest, so it would be $65,000, but now it is acessed for $123,000 and no...
Forum: Daycare and Taxes 03-30-2011, 07:18 PM
Replies: 7
Views: 1,370
Posted By legomom922
Since she works 10 hrs days, she has coffee quite...

Since she works 10 hrs days, she has coffee quite frequently when she picks up DCG. She needs the extra boost. Funny thing is, she didnt have coffee those mornings she was here, she brought her own! ...
Forum: Daycare and Taxes 03-30-2011, 05:45 PM
Replies: 7
Views: 1,370
Posted By legomom922
DCM Used My Shower, Make Coffee Etc

I have a DCM whos bathroom was being repaired, so for about 3 days, I left my front door key out for her under my mat, and she came early in the am let herself in, and used my bathroom to take a...
Forum: Daycare and Taxes 03-30-2011, 05:33 PM
Replies: 1
Views: 1,331
Posted By legomom922
Humidifier: Friend Did A Favor, Can I Claim It?

My husband has a friend who owns his own heating & air conditioning business, and he always takes care of clenaing our furnace, recharging/repairing our central air system and also installed a brand...
Forum: Daycare and Taxes 03-30-2011, 05:24 PM
Replies: 14
Views: 2,907
Posted By legomom922
Tom, When i called the acessors office they...

Tom, When i called the acessors office they looked it up in their computer, and they told me the land value at the time was $15,000 and the purchase price was $80,000. When I do it the way yo...
Forum: Daycare and Taxes 03-30-2011, 11:09 AM
Replies: 14
Views: 2,907
Posted By legomom922
I called the assessors office. thanks!

I called the assessors office. thanks!
Forum: Daycare and Taxes 03-30-2011, 10:57 AM
Replies: 14
Views: 2,907
Posted By legomom922
On the latest tax statment it says home assessed...

On the latest tax statment it says home assessed at 123, land value 17,000.

However, how do I find out what it was in 2003? Those papers are longgggggggggg gone!
Forum: Daycare and Taxes 03-30-2011, 10:34 AM
Replies: 14
Views: 2,907
Posted By legomom922
Who Do I Call Regarding Value Of Land vs Home?

I know what the purchase price of our home was, but how do I find out what the value of the land was back in 2003? Who do I call to find out?
Forum: Daycare and Taxes 03-30-2011, 10:28 AM
Replies: 2
Views: 1,818
Posted By legomom922
Outdoor Carpet

I put outdoor carpet on my front deck so no one would slip when its wet, and a big outdoor carpet by the stairs to the enterance of the deck. Would this be something I can deduct or because I...
Forum: Daycare and Taxes 03-30-2011, 05:15 AM
Replies: 5
Views: 1,925
Posted By legomom922
Would I be more apt to get audited by having a...

Would I be more apt to get audited by having a lossin the 1st yr? Or is that pretty common and not be flagged?

I havent even entered my home improvements yet, and now that is will be a loss, I...
Forum: Daycare and Taxes 03-29-2011, 06:16 PM
Replies: 1
Views: 1,203
Posted By legomom922
Think I Found The Perfect Tax Guy!

I have a friend who is a licensed DCP and I asked her who she uses for her taxes and she told me, so I asked her if she thought he was educated in child care, and she said yes, his wife is a DCP!!...
Forum: Daycare and Taxes 03-28-2011, 05:07 PM
Replies: 6
Views: 1,383
Posted By legomom922
I really do suffer form Insomnia, so I am not...

I really do suffer form Insomnia, so I am not always with the program, LOL I am brain dead most of the time!

Am I correct I should also take 2009's info for because June 2010 was paid in Oct 2009?
Forum: Daycare and Taxes 03-28-2011, 01:14 PM
Replies: 3
Views: 1,831
Posted By legomom922
Took me awhile to locate the thread, but I found...

Took me awhile to locate the thread, but I found this so I guess my question is answered:


10-01-2010, 02:54 PM
TomCopeland
Business Author/Trainer Join Date: Jun 2010
Location: St....
Forum: Daycare and Taxes 03-28-2011, 09:58 AM
Replies: 5
Views: 1,925
Posted By legomom922
Expenses Almost Same As My Income, Good Or Bad?

My income was 4150, and my expenses including my depreciation, are like 3980..I have no idea how my "time" worked doing other things when DC kids are not here, or my mileage, will come into play and...
Forum: Daycare and Taxes 03-28-2011, 09:01 AM
Replies: 6
Views: 1,383
Posted By legomom922
Forgive me it's my insomnia problem again...I...

Forgive me it's my insomnia problem again...I guess it would have helped to tell you I was only in business from 6/2010 on...So thats why I am assuming I can only claim part yr taxes, & interest??
Forum: Daycare and Taxes 03-28-2011, 06:56 AM
Replies: 6
Views: 1,383
Posted By legomom922
Claiming Mortgage Interest & Taxes Help

My taxes got paid Oct 2010 for the "year" of June 30 2010-July 1, 2011. The amount that was paid Oct 2010 & Oct 2009 are different. So in order for me to claim the correct amount of taxes, do I just...
Forum: Daycare and Taxes 03-28-2011, 05:41 AM
Replies: 11
Views: 2,931
Posted By legomom922
Wouldnt you agree though that the IRS would never...

Wouldnt you agree though that the IRS would never crack down on babysitters? It seems they could care less..There are no written rules or regulations that I am aware of anyway....I'm thinking how...
Forum: Daycare and Taxes 03-28-2011, 04:33 AM
Replies: 1
Views: 945
Posted By legomom922
Tom: Thank you!

I just feel we can never say thank you enough for all of you time and input on this forum! I thnak you from the bottom of my heart, and have truly learned so much more from you! Your books are...
Forum: Daycare and Taxes 03-28-2011, 04:30 AM
Replies: 11
Views: 2,931
Posted By legomom922
Why is it that is is generally accepted that if...

Why is it that is is generally accepted that if somone "babysits" a child , they do not have to claim the income? I have a friend who's daughter goes to a friend 2 days a week and she just babysits...
Forum: Daycare and Taxes 03-27-2011, 04:02 AM
Replies: 2
Views: 1,067
Posted By legomom922
Can I Write Off This Book? How To Cut Your Grocery Bills?

I recently bought this book How To Cut Your Grocery Bill in Half, so would I be able to claim my t/s% deduction on it since I buy groceries for DC?
Forum: Daycare and Taxes 03-27-2011, 03:58 AM
Replies: 3
Views: 1,831
Posted By legomom922
Gift Card & Deduction

I recieved a JC Penny gift card from my Mom for $50. I bought a new Butcher Block Knife Set with it. So can I still take the t/s deduction for this item? I'm looking at it like my mom gave me $50...
Forum: Daycare and Taxes 03-26-2011, 07:07 AM
Replies: 2
Views: 950
Posted By legomom922
absolutely! It's a business expense

absolutely! It's a business expense
Forum: Daycare and Taxes 03-25-2011, 09:57 AM
Replies: 6
Views: 2,169
Posted By legomom922
The way I did was figure out what I would be...

The way I did was figure out what I would be willing to pay for it if I found it on CL, or what I think someone would be willing to pay on CL. Tom said you can take pics or if you have a video...
Forum: Daycare and Taxes 03-25-2011, 06:38 AM
Replies: 6
Views: 2,169
Posted By legomom922
Well it does all add up. this is what I did. I...

Well it does all add up. this is what I did. I took my laptop into each room and entered everything in MMK as I looked around the room. I suprised myself when I saw how much there really was, no...
Forum: Daycare and Taxes 03-25-2011, 06:08 AM
Replies: 5
Views: 2,011
Posted By legomom922
My guess would be it would 100%. I dont know of...

My guess would be it would 100%. I dont know of anybody who is a SAHM mom who uses a ciricculum.
Forum: Daycare and Taxes 03-25-2011, 06:06 AM
Replies: 6
Views: 2,169
Posted By legomom922
I have been reading alot lately on depreciation,...

I have been reading alot lately on depreciation, and to my knowledge, you dont need a special sheet if you are using MMK. I too am using MMK. But you also must have a whole lot of stuff to depreciate...
Forum: Daycare and Taxes 03-24-2011, 07:53 PM
Replies: 4
Views: 1,754
Posted By legomom922
Tom? Do I understand this correctly?

Tom? Do I understand this correctly?
Forum: Daycare and Taxes 03-24-2011, 07:51 PM
Replies: 3
Views: 1,974
Posted By legomom922
Oh ok, so I don't do anything with entering the...

Oh ok, so I don't do anything with entering the additional 50%, until it gets entered on the tax form itself? And when I use it, because it says you have to or the IRS will assume it anyway, I am...
Forum: Daycare and Taxes 03-24-2011, 07:49 PM
Replies: 3
Views: 1,932
Posted By legomom922
Thanks Tom. Your book says you can only...

Thanks Tom. Your book says you can only depreciate dishwashers, stoves etc only if they are not "built in" into your home, otherwise you must include them in the house depreciation, which I...
Forum: Daycare and Taxes 03-23-2011, 07:43 PM
Replies: 3
Views: 1,974
Posted By legomom922
50% Start Up Bonus

When i am depreciating items in MMK, when I enter an item I want to take the 50% depreciation bonus on, do I just enter it as business use %? or is there a special place to enter these items that I...
Forum: Daycare and Taxes 03-23-2011, 07:40 PM
Replies: 3
Views: 1,932
Posted By legomom922
Central Humidifier: Depreciate Or Home Improvement?

We had a central humidifier installed late last yr. Would this be considered a home improvement or should I just depreciate it?

Another question: Call me stupid, but what is the difference between...
Forum: Daycare Center and Family Home Forum 03-22-2011, 11:55 AM
Replies: 19
Views: 2,226
Posted By legomom922
I have nothing in my policies about naps... ...

I have nothing in my policies about naps...

Also, she is the only one I have left, because I am getting out of the business. When she leaves, that will be it, I'm done. So her naps wouldn't...
Forum: Daycare and Taxes 03-22-2011, 09:35 AM
Replies: 4
Views: 1,754
Posted By legomom922
I am reading your workbook organizer and thats...

I am reading your workbook organizer and thats why all these questions are coming up. LOL You always make things sound so easy when you answer my questions, then I wonder why I am sweating over this...
Forum: Daycare Center and Family Home Forum 03-22-2011, 05:41 AM
Replies: 19
Views: 2,226
Posted By legomom922
Parents Want To Decrease Nap Time

I have a 3yr old DCG who is here 6a-6pm Tues/Wed. I have had her since she was 4 months old. She has always been a great napper. She has always taken 2-3, even 4 hr naps. Even now at her age, she...
Forum: Daycare and Taxes 03-22-2011, 05:35 AM
Replies: 1
Views: 897
Posted By legomom922
Mid year method

Since you have to pick something in MMK, or it doesnt work, am I right in assuming I would choose mid yr for everything since I opened in June 2010?
Forum: Daycare and Taxes 03-22-2011, 05:33 AM
Replies: 1
Views: 950
Posted By legomom922
Very small stuff & depreciating

What do I do with my office supplies such as: paper clips, stapler, tape dispenser, white out, pens, desk organizing items such as pencils holders, paper clip holders, folder organiziers, files, etc?...
Forum: Daycare and Taxes 03-22-2011, 05:28 AM
Replies: 1
Views: 888
Posted By legomom922
!st yr 50% additional allowance rule

I understand this is for NEW items purchased in 2010. However, the book does not say if these items have to be $100 or more. So, does this rule only apply to items that cost more than $100? Or is it...
Forum: Daycare and Taxes 03-22-2011, 05:24 AM
Replies: 4
Views: 1,754
Posted By legomom922
Straight line vs Accelerated

Since I am almost out of business except my one DCG, (I am not taking any more on and have sold 98% of my stuff) would it be better for me to take the straight line or the accelerated method? I have...
Forum: Daycare and Taxes 03-22-2011, 05:12 AM
Replies: 6
Views: 1,537
Posted By legomom922
Written Records & Depreciation

I'm just throwing questions out there as I am working on stuff..

In Toms book it says we must keep written records, photos etc of stuff we are depreciating if we are depreciating more than 3...
Forum: Daycare and Taxes 03-21-2011, 09:54 AM
Replies: 4
Views: 1,646
Posted By legomom922
I think I may be totaly out of luck with the past...

I think I may be totaly out of luck with the past improvements...

There are no pics..none (ex destroyed & took everything, all pics, even ones of his kids) He has no baby pics!

No loans, all...
Forum: Daycare and Taxes 03-21-2011, 09:44 AM
Replies: 3
Views: 3,149
Posted By legomom922
Ok let me know if I understand this right: ...

Ok let me know if I understand this right:

Anything that parents see in my home that make my house cozy that helps "sell" my business, like pic frames, wall decor, candles, lamps, throw pillows,...
Forum: Daycare and Taxes 03-20-2011, 07:07 PM
Replies: 4
Views: 1,646
Posted By legomom922
Past Home Improvements Question

Ok Tom, you said I can put down past improvements, now I have a question. Do they get recorded in MMk under Home Improvements? But how does it get added to the value of my home? What happens since I...
Forum: Daycare and Taxes 03-20-2011, 06:27 PM
Replies: 3
Views: 3,149
Posted By legomom922
Home Inventory & Depriciation

I have been doing my home inventory, and I need to know if I am suppose to be depreciating every single item in my home that was here before my business began, or only items that are used for DC?...
Forum: Daycare and Taxes 03-20-2011, 06:16 PM
Replies: 3
Views: 2,038
Posted By legomom922
So is there a preferred way? Which way would a...

So is there a preferred way? Which way would a DCP make out better? Method 1 or 2? I am assuming method 2 is alot more involved, and you muct keep track of everything? Exact miles, gas purchases,...
Forum: Daycare and Taxes 03-20-2011, 01:48 PM
Replies: 3
Views: 2,038
Posted By legomom922
Just Bought A New Car: Can I Write Part Of It Off?

Not a new car but a used, 2003 SUV. Can I claim any of it since now I have a new car loan & interest?
Forum: Daycare and Taxes 03-19-2011, 05:26 PM
Replies: 7
Views: 1,372
Posted By legomom922
I'm sorry, I am a insomniac, for real and cant...

I'm sorry, I am a insomniac, for real and cant think straight most of the time..

I order for my husband to get the exwife off the mortgage, he had to refinance the house in his name and when he...
Forum: Daycare and Taxes 03-18-2011, 01:02 PM
Replies: 7
Views: 1,372
Posted By legomom922
Ok now I'm more confused..Heres my situation: My...

Ok now I'm more confused..Heres my situation: My husband bought this house with his 1st wife. It was a HUD house at the time, and was a wreck. He bought for $75000. When they divorced, he had to refi...
Forum: Daycare and Taxes 03-17-2011, 05:36 PM
Replies: 7
Views: 1,372
Posted By legomom922
Thanks Tom. Can I write off the time that we...

Thanks Tom. Can I write off the time that we worked on home improvement projects even though the home improvements projects were not all 100 % for DC? The pool/dirt project and the plumbing to add to...
Forum: Daycare and Taxes 03-17-2011, 11:57 AM
Replies: 7
Views: 1,372
Posted By legomom922
Past Home Improvements

Tom, I was reading in one of your books about the deprciation and it said somewhere to write down and keep track of past improvements. Maybe I missed something somewhere, but if I did lots of home...
Forum: Daycare and Taxes 03-15-2011, 02:44 PM
Replies: 1
Views: 1,112
Posted By legomom922
Tom: Need More Clarification On Business Trips

In 2 of your books I'm reading, it says for a trip to be considered a business trip, the main reason for the trip should be for business, or that you bought more business stuu vs personal stuff, etc....
Forum: Daycare and Taxes 03-13-2011, 07:36 PM
Replies: 2
Views: 1,250
Posted By legomom922
Tom: Depreciation

Ok, I'm stuck again...I'm confused on which items in my house are to be depreciated. I *thought* it was items over $100? But as I'm reading through your books, it says that pics on my wall are to be...
Forum: Daycare and Taxes 03-12-2011, 04:04 PM
Replies: 1
Views: 932
Posted By legomom922
Tom: Bills in husbands name

I just had a terrible thought...

Our mortgage is in my husbands name only ( I didnt want to be responsible for it if he ever left etc etc) however my name is on the deed, as so owner.

All the...
Forum: Daycare and Taxes 03-11-2011, 02:54 PM
Replies: 2
Views: 1,238
Posted By legomom922
Tom, Accelerated is not a choice in teh menu...

Tom,

Accelerated is not a choice in teh menu it has either straight line, 200% declining 7 yr or other, so which one would I pick?

If my dishwasher is old and was put into service way before I...
Forum: Daycare and Taxes 03-11-2011, 10:54 AM
Replies: 8
Views: 2,237
Posted By legomom922
I'm really stupid, LOL can you explain your...

I'm really stupid, LOL can you explain your formula?
Forum: Daycare and Taxes 03-11-2011, 09:51 AM
Replies: 8
Views: 2,237
Posted By legomom922
yes I see how that would work, but if 15 min =...

yes I see how that would work, but if 15 min = .25, if I use your system, 18 min would be .30 and 12 min would be .20 so I still dont see where the .25 comes in...I must be missing something... If I...
Forum: Daycare and Taxes 03-11-2011, 08:27 AM
Replies: 2
Views: 1,238
Posted By legomom922
Depreciation Expenses in MMK

I have saved this for last because its too confusing for me. So I have some questions:

1. Do I actually have to take inventory of my house and put down everysingle piece of furniture, nick nacks...
Forum: Daycare and Taxes 03-11-2011, 04:39 AM
Replies: 1
Views: 923
Posted By legomom922
Tom: Should I even bother?

I gave you my numbers on another thread, but I have another question for you. Record keeping is chewing up sooooo much of my time and getting these taxes prepared is just so confusing to me. Since I...
Forum: Daycare and Taxes 03-11-2011, 04:28 AM
Replies: 3
Views: 1,149
Posted By legomom922
Can You Write Off Cookbooks?

Ok I am going to be totaly honest here...When I had my infants here I had teh parents provide their food. However, my 3 yr old, I charge the parents $5 a day extra because they did not want to bother...
Forum: Daycare and Taxes 03-10-2011, 04:40 PM
Replies: 8
Views: 2,237
Posted By legomom922
Breaking Down Time Into Fractions In MMK

Ok, I know 1 hr would be entered as 1 in MMK and 45 min would be .75, and 30 min would be .5, and 15 min would be .25..

BUT how do you break down other figures? Like how would you enter 10...
Forum: Daycare and Taxes 03-10-2011, 11:55 AM
Replies: 9
Views: 2,037
Posted By legomom922
just curious but how did u get over 19% t/s when...

just curious but how did u get over 19% t/s when you u were only open part of the yr?

I was 14% and I opened in June, and use 100% of my 2400sq ft home....So how did u get that?
Forum: Daycare and Taxes 03-09-2011, 06:37 PM
Replies: 1
Views: 1,461
Posted By legomom922
Tom: How Do These Numbers Look?

I looked at those reports from MMk you listed and her is what I currently have, so just wondered what your thoughts were on them, or if anything looked out of line?

Income $ 4100 (was in business...
Forum: Daycare and Taxes 03-09-2011, 06:28 PM
Replies: 9
Views: 2,037
Posted By legomom922
Um I dont know quite understand your question but...

Um I dont know quite understand your question but is this what you are looking for?

$ made this yr $4000
Expenses 1st yr, $2100
t/s % 14.53
hrs worked when kids not present 209 for the 1/2 yr...
Showing results 1 to 100 of 905

 
Forum Jump

All times are GMT -7. The time now is 02:58 PM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming