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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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#3
01-19-2011, 08:08 PM
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#4
01-19-2011, 09:35 PM
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Income
Nope. You must report $1 as income on Schedule C. Any income must be reported. If your profit is less than $400 you don't owe any social security tax on it, but it must be reported.
__________________
http://www.tomcopelandblog.com
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