Originally Posted by EchoMom:
Good question, I want to know too. Do you have to give parents the amount they spent if they ask for it, or can you say sorry you should have kept your own records? I know you do have to give them your EIN.
And looking at the 2441, so no matter how much parents spent, they can only claim $3,000? And then of that can only actually deduct the percentage they're allowed to?
So HYPOTHETICALLY couldn't I only claim my income as $3000 from each of my customers? HYPOTHETICALLY
You are not required to give parents a receipt of how much they paid you for 2012. Although it's true that a parent can only claim up to $3,000 for one child regarding their child care tax credit, you must claim all the money they paid yo as income!