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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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Old 04-14-2011, 10:02 AM
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MissAnn MissAnn is offline
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Default Financial Aid

I'm fillng out the verification worksheet for federal student aid programs. amost done, except for asking what the net worth of current businesses and /or investment farms. ...how do I tell what the networth is? I have a family home program in my house....it's not like I can sell it.

Last edited by Michael; 04-14-2011 at 02:50 PM.
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Old 04-14-2011, 12:54 PM
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I'm fillng out the verification worksheet for fideral student aid programs. amost done, except for asking what the net worth of current businesses and /or investment farms. ...how do I tell what the networth is? I have a family home program in my house....it's not like I can sell it.
Haha, I just got done asking the on-line help people the same question. I was told to add up the daycare assets (toys and furniture) and guess-timate the value.
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Old 04-14-2011, 05:29 PM
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MissAnn MissAnn is offline
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Haha, I just got done asking the on-line help people the same question. I was told to add up the daycare assets (toys and furniture) and guess-timate the value.
Wow! I have no idea! Thanks for answering though!
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Old 04-14-2011, 06:18 PM
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TomCopeland TomCopeland is offline
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Default Financial Aid

If they are asking for the net worth of your business it means the value of your business assets: day care equipment, toys and other business items.

If they are asking for for your net income, that's line 31 on Schedule C.
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