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Unregistered 06:05 PM 03-06-2018
I have been a provider for 8 years and been using HR block up until this year. We switched to a CPA and he’s basically telling us everything is wrong. I am freaking out now.
1) It’s not time & space. It’s hours worked vs hours in the year. That the IRS expects the daycare children to be able to use the whole house. So going from 76%-81% to 30%
2) That the fridge we purchased can’t be claimed at all because it’s considered a personal item. Even thou I literally can’t run my daycare without one. Saying that since we use it for personal and business it can’t be claimed?
3) HR block messed up and didn’t remove the depreciated van we sold in 2016. The depreciated it and gave us standard mileage on the vehicle, which he says is wrong. That we need to report a loss/gain from selling the car.
4) We purchased our house 4/2014 for 126,000 but on the paperwork it says 1/1/2013 and the total cost was 176,000. Pretty much everything about the house it wrong!

Can anyone help me? How bad is this?
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