Daycare.com Forum Daycare Management Software

Go Back   Daycare.com Forum > Daycare and Taxes

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.

Reply
 
Thread Tools Display Modes
  #1  
Old 02-24-2021, 05:20 PM
Unregistered
Guest
 
Posts: n/a
Default End Of Year Tax Statement

When providing end of year tax statements how do you go about providing a statement to two parents who both pay for their child’s tuition? Do you send two separate statements to each parent, with the amount each parent paid, or do you send them both the same statement with the total amount paid for the entire year? Would you do the same for a parent who receives daycare assistance as you would for a parent who pays weekly tuition?
Reply With Quote
  #2  
Old 02-24-2021, 10:35 PM
Jo123ABC's Avatar
Jo123ABC Jo123ABC is offline
Daycare.com Member
 
Join Date: Feb 2018
Location: U.S.
Posts: 416
Default

I'd do separate ones. Here's a breakdown of payments and dates paid by parent 1. Here's parent 2s breakdown. I'd probably call on the assistance part and give it to whoever they say you can legally give it to just to be safe.
Reply With Quote
  #3  
Old 02-25-2021, 04:34 AM
Cat Herder's Avatar
Cat Herder Cat Herder is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 13,608
Default

Each individual has an online payment account, so each individual gets their own W-10 with what they, personally, paid.
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.
Reply With Quote
  #4  
Old 03-04-2021, 06:32 AM
Meeko's Avatar
Meeko Meeko is online now
Advanced Daycare.com Member
 
Join Date: Mar 2011
Location: Utah
Posts: 4,268
Default

I don't do twice the paperwork just because two parents can't get their financial act together.

One parent is the client and responsible for paying me. The other parent can pay their ex back.

In the past, I have had to deal with one parent not paying on Friday for the following week and then having to turn away the other parent on Monday morning. They scream and yell about how it's not their fault that ex didn't pay and they have to go to work etc etc. I won't be put in the middle.

I've had two parents both try to claim the total amount paid.

I let them fight over it away from here.
One client. One account.

One child with two accounts doesn't work for me.
Reply With Quote
  #5  
Old 03-04-2021, 07:58 AM
Cat Herder's Avatar
Cat Herder Cat Herder is offline
Advanced Daycare.com Member
 
Join Date: Dec 2010
Posts: 13,608
Default

Quote:
Originally Posted by Meeko View Post
I don't do twice the paperwork just because two parents can't get their financial act together.

One client. One account.

One child with two accounts doesn't work for me.
I did it this way for years until I got online autopay. The program does it for me or I would go right back to this.

It is funny how many of the "single" moms get so mad when the dad who paid gets his W-10.
__________________
- Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.
Reply With Quote
Reply

Tags
state assistance, state assisted payments, statements, tax statement, taxes

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Question about 4 year old morgan24 Daycare Center and Family Home Forum 6 05-23-2017 07:16 AM
First Year Daycare Taxes...Yuck! Miss A Daycare and Taxes 1 02-02-2016 10:49 AM
T/S% Only Was Open for Half a Year Nisaryn Daycare and Taxes 3 01-24-2016 11:03 AM
1 Year Olds' Shrieking Upsets Older Kids - Help! Unregistered Daycare Center and Family Home Forum 5 01-12-2016 08:00 AM
DCP's looking for childcare for a year? SunshineMama Daycare Center and Family Home Forum 5 05-29-2012 11:26 AM


All times are GMT -7. The time now is 07:32 AM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming