Originally Posted by sbschildcare:
I'm no expert - but the 35 would now be her daily rate and you would claim it as 35$ worth of income and deduct food using IRS guidelines.
it seems no different than anyone else's rate that provides food so I imagine you would handle it the same way.
i would have her contract state that her rate is 35 per day and includes meals - I don't think I'd ad wording about the $5 being extra for food.
but wait for someone with more smarts..LOL
My thoughts exactly! I see the $30 as a
discount for not providing food. Besides, when you are doing your taxes, you are reporting total income, not what each family is paying. You can have 4 different families with 4 different rates, but for tax purposes, the rate difference doesn't matter. If you are on the food program, then you need to follow those rules.