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Old 01-27-2015, 09:31 AM
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TheGoodLife TheGoodLife is offline
Home Daycare Provider
 
Join Date: Feb 2012
Location: Midwest
Posts: 1,368
Default Daycare Closing, Tax Year Question (Tom)

I have a question about my closing. I have my families pay a two week deposit, to be applies to their last 2 weeks. I am closing the daycare, and the last payments my families all made were in December 2014 since their deposit they made in 2014 was applied for their 2015 tuition. But I am open for a few weeks in 2015- just no income coming in. Do/can I treat 2014 as my closing year and just not include any daycare business in 2015, since I have no income to declare or to take expenses from?
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