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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc. |
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#1
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I am a unlicensed childcare provider caring for only 3 children. Can I write off the portion of my home the children use? Or do I need to be licensed to do that. What can I write off as a unlicensed childcare provide operating legally?
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#2
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#3
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If you are legally unlicensed, then yes, you may write off expenses. It's somewhere in the tax rules, just don't remember.
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#4
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IRS Publication 587 Business Use of Home says that to can claim home expenses, "You must have applied for, been granted, or be exempt from having a license, certification, registration or approval as a day care center or as a family or group day care home under state law."
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http://www.tomcopelandblog.com |
#5
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Anyone know where I can find more info on write offs? I'm in Wisconsin too, and plan to open an unlicensed daycare in my home.
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#6
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http://www.tomcopelandblog.com |
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deductions for unlicensed, legally unlicensed, wisconsin provider |
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