Forum: Daycare and Taxes
04-19-2011, 08:30 AM
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Replies: 5
Views: 1,968
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Forum: Daycare and Taxes
04-19-2011, 05:33 AM
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Replies: 5
Views: 1,968
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...
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Forum: Daycare and Taxes
04-19-2011, 03:41 AM
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Replies: 5
Views: 1,968
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...
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Forum: Daycare and Taxes
04-10-2011, 12:00 PM
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Replies: 19
Views: 4,741
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Forum: Daycare and Taxes
04-07-2011, 07:16 AM
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Replies: 1
Views: 2,112
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...
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Forum: Daycare and Taxes
04-06-2011, 04:56 PM
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Replies: 1
Views: 1,931
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...
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Forum: Daycare and Taxes
04-06-2011, 04:50 PM
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Replies: 7
Views: 2,625
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Forum: Daycare Center and Family Home Forum
04-06-2011, 05:06 AM
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Replies: 25
Views: 3,944
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...
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Forum: Daycare Center and Family Home Forum
04-06-2011, 03:51 AM
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Replies: 25
Views: 3,944
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...
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Forum: Daycare and Taxes
04-05-2011, 05:30 PM
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Replies: 7
Views: 2,625
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Forum: Daycare and Taxes
04-05-2011, 03:26 PM
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Replies: 7
Views: 2,625
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Forum: Daycare and Taxes
04-05-2011, 07:01 AM
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Replies: 7
Views: 2,625
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...
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Forum: Daycare and Taxes
04-05-2011, 04:15 AM
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Replies: 5
Views: 4,812
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...
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Forum: Daycare and Taxes
04-04-2011, 03:26 PM
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Replies: 5
Views: 4,812
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...
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Forum: Daycare and Taxes
04-04-2011, 11:11 AM
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Replies: 1
Views: 1,379
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Forum: Daycare and Taxes
04-04-2011, 09:11 AM
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Replies: 5
Views: 4,812
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...
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Forum: Daycare and Taxes
04-04-2011, 08:31 AM
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Replies: 1
Views: 1,496
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...
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Forum: Daycare and Taxes
04-04-2011, 06:17 AM
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Replies: 1
Views: 3,404
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Forum: Daycare and Taxes
04-02-2011, 02:12 PM
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Replies: 10
Views: 2,803
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Forum: Daycare and Taxes
04-02-2011, 11:01 AM
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Replies: 10
Views: 2,803
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Forum: Daycare and Taxes
04-02-2011, 06:24 AM
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Replies: 9
Views: 2,637
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Forum: Daycare and Taxes
04-02-2011, 06:18 AM
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Replies: 14
Views: 3,592
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!...
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Forum: Daycare and Taxes
04-02-2011, 06:15 AM
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Replies: 10
Views: 2,803
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...
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Forum: Daycare and Taxes
04-02-2011, 06:08 AM
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Replies: 7
Views: 3,269
: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...
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Forum: Daycare Center and Family Home Forum
04-02-2011, 04:28 AM
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Replies: 36
Views: 5,685
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...
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Forum: Daycare Center and Family Home Forum
04-02-2011, 04:24 AM
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Replies: 35
Views: 4,683
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Forum: Daycare and Taxes
04-01-2011, 06:10 PM
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Replies: 2
Views: 2,357
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Forum: Daycare and Taxes
04-01-2011, 05:45 PM
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Replies: 3
Views: 2,533
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...
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Forum: Daycare and Taxes
04-01-2011, 10:18 AM
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Replies: 3
Views: 2,533
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...
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Forum: Daycare and Taxes
04-01-2011, 09:43 AM
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Replies: 6
Views: 2,561
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Forum: Daycare and Taxes
04-01-2011, 08:17 AM
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Replies: 0
Views: 1,234
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...
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Forum: Daycare and Taxes
04-01-2011, 04:03 AM
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Replies: 9
Views: 2,637
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Forum: Daycare and Taxes
04-01-2011, 04:00 AM
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Replies: 9
Views: 2,637
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Forum: Daycare and Taxes
03-31-2011, 08:20 AM
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Replies: 9
Views: 2,637
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Forum: Daycare and Taxes
03-31-2011, 07:27 AM
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Replies: 9
Views: 2,637
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...
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Forum: Daycare and Taxes
03-31-2011, 05:00 AM
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Replies: 14
Views: 3,592
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Forum: Daycare and Taxes
03-30-2011, 06:45 PM
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Replies: 7
Views: 1,901
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...
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Forum: Daycare and Taxes
03-30-2011, 06:35 PM
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Replies: 0
Views: 1,355
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...
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Forum: Daycare and Taxes
03-30-2011, 06:21 PM
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Replies: 14
Views: 3,592
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...
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Forum: Daycare and Taxes
03-30-2011, 06:18 PM
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Replies: 7
Views: 1,901
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Forum: Daycare and Taxes
03-30-2011, 04:45 PM
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Replies: 7
Views: 1,901
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...
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Forum: Daycare and Taxes
03-30-2011, 04:33 PM
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Replies: 1
Views: 1,746
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...
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Forum: Daycare and Taxes
03-30-2011, 04:24 PM
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Replies: 14
Views: 3,592
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...
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Forum: Daycare and Taxes
03-30-2011, 10:09 AM
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Replies: 14
Views: 3,592
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Forum: Daycare and Taxes
03-30-2011, 09:57 AM
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Replies: 14
Views: 3,592
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Forum: Daycare and Taxes
03-30-2011, 09:34 AM
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Replies: 14
Views: 3,592
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Forum: Daycare and Taxes
03-30-2011, 09:28 AM
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Replies: 2
Views: 2,318
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...
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Forum: Daycare and Taxes
03-30-2011, 04:15 AM
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Replies: 5
Views: 2,406
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...
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Forum: Daycare and Taxes
03-29-2011, 05:16 PM
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Replies: 1
Views: 1,687
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!!...
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Forum: Daycare and Taxes
03-28-2011, 04:07 PM
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Replies: 6
Views: 1,845
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?
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Forum: Daycare and Taxes
03-28-2011, 12:14 PM
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Replies: 3
Views: 2,406
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Forum: Daycare and Taxes
03-28-2011, 08:58 AM
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Replies: 5
Views: 2,406
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...
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Forum: Daycare and Taxes
03-28-2011, 08:01 AM
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Replies: 6
Views: 1,845
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??
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Forum: Daycare and Taxes
03-28-2011, 05:56 AM
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Replies: 6
Views: 1,845
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...
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Forum: Daycare and Taxes
03-28-2011, 04:41 AM
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Replies: 11
Views: 3,663
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Forum: Daycare and Taxes
03-28-2011, 03:33 AM
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Replies: 1
Views: 1,329
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...
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Forum: Daycare and Taxes
03-28-2011, 03:30 AM
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Replies: 11
Views: 3,663
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...
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Forum: Daycare and Taxes
03-27-2011, 03:02 AM
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Replies: 2
Views: 1,493
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Forum: Daycare and Taxes
03-27-2011, 02:58 AM
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Replies: 3
Views: 2,406
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...
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Forum: Daycare and Taxes
03-26-2011, 06:07 AM
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Replies: 2
Views: 1,346
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Forum: Daycare and Taxes
03-25-2011, 08:57 AM
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Replies: 6
Views: 2,739
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...
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Forum: Daycare and Taxes
03-25-2011, 05:38 AM
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Replies: 6
Views: 2,739
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...
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Forum: Daycare and Taxes
03-25-2011, 05:08 AM
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Replies: 5
Views: 2,560
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Forum: Daycare and Taxes
03-25-2011, 05:06 AM
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Replies: 6
Views: 2,739
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Forum: Daycare and Taxes
03-24-2011, 06:53 PM
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Replies: 4
Views: 2,370
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Forum: Daycare and Taxes
03-24-2011, 06:51 PM
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Replies: 3
Views: 2,617
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Forum: Daycare and Taxes
03-24-2011, 06:49 PM
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Replies: 3
Views: 2,539
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...
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Forum: Daycare and Taxes
03-23-2011, 06:43 PM
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Replies: 3
Views: 2,617
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...
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Forum: Daycare and Taxes
03-23-2011, 06:40 PM
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Replies: 3
Views: 2,539
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Forum: Daycare Center and Family Home Forum
03-22-2011, 10:55 AM
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Replies: 19
Views: 2,853
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...
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Forum: Daycare and Taxes
03-22-2011, 08:35 AM
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Replies: 4
Views: 2,370
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...
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Forum: Daycare Center and Family Home Forum
03-22-2011, 04:41 AM
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Replies: 19
Views: 2,853
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...
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Forum: Daycare and Taxes
03-22-2011, 04:35 AM
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Replies: 1
Views: 1,254
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?
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Forum: Daycare and Taxes
03-22-2011, 04:33 AM
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Replies: 1
Views: 1,321
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?...
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Forum: Daycare and Taxes
03-22-2011, 04:28 AM
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Replies: 1
Views: 1,309
!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...
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Forum: Daycare and Taxes
03-22-2011, 04:24 AM
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Replies: 4
Views: 2,370
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...
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Forum: Daycare and Taxes
03-22-2011, 04:12 AM
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Replies: 6
Views: 2,206
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...
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Forum: Daycare and Taxes
03-21-2011, 08:54 AM
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Replies: 4
Views: 2,279
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Forum: Daycare and Taxes
03-21-2011, 08:44 AM
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Replies: 3
Views: 3,813
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,...
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Forum: Daycare and Taxes
03-20-2011, 06:07 PM
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Replies: 4
Views: 2,279
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...
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Forum: Daycare and Taxes
03-20-2011, 05:27 PM
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Replies: 3
Views: 3,813
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?...
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Forum: Daycare and Taxes
03-20-2011, 05:16 PM
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Replies: 3
Views: 2,600
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,...
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Forum: Daycare and Taxes
03-20-2011, 12:48 PM
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Replies: 3
Views: 2,600
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Forum: Daycare and Taxes
03-19-2011, 04:26 PM
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Replies: 7
Views: 1,911
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...
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Forum: Daycare and Taxes
03-18-2011, 12:02 PM
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Replies: 7
Views: 1,911
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Forum: Daycare and Taxes
03-17-2011, 04:36 PM
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Replies: 7
Views: 1,911
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...
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Forum: Daycare and Taxes
03-17-2011, 10:57 AM
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Replies: 7
Views: 1,911
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...
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Forum: Daycare and Taxes
03-15-2011, 01:44 PM
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Replies: 1
Views: 1,808
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....
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Forum: Daycare and Taxes
03-13-2011, 06:36 PM
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Replies: 2
Views: 1,795
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...
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Forum: Daycare and Taxes
03-12-2011, 03:04 PM
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Replies: 1
Views: 1,349
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...
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Forum: Daycare and Taxes
03-11-2011, 01:54 PM
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Replies: 2
Views: 1,637
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...
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Forum: Daycare and Taxes
03-11-2011, 09:54 AM
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Replies: 8
Views: 2,875
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Forum: Daycare and Taxes
03-11-2011, 08:51 AM
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Replies: 8
Views: 2,875
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...
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Forum: Daycare and Taxes
03-11-2011, 07:27 AM
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Replies: 2
Views: 1,637
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...
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Forum: Daycare and Taxes
03-11-2011, 03:39 AM
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Replies: 1
Views: 1,300
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...
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Forum: Daycare and Taxes
03-11-2011, 03:28 AM
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Replies: 3
Views: 1,644
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...
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Forum: Daycare and Taxes
03-10-2011, 03:40 PM
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Replies: 8
Views: 2,875
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...
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Forum: Daycare and Taxes
03-10-2011, 10:55 AM
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Replies: 9
Views: 2,732
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Forum: Daycare and Taxes
03-09-2011, 05:37 PM
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Replies: 1
Views: 2,269
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...
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Forum: Daycare and Taxes
03-09-2011, 05:28 PM
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Replies: 9
Views: 2,732
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