|
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. |
|
Thread Tools | Display Modes |
#1
|
||||
|
||||
If The IRS Challenges, What's The Point??
Is anyone else feeling overwhelmed by what is acceptable to write off and what isn't?
It seems to me that if the IRS is going to question why you wrote off this and that if you get an audit, what is the point of even writing it off? I'm starting to get discouraged as to what I have to prove if I get audited. I don't want to get in trouble by the IRS yet I'm sure I'm not alone in this when I want to get my taxable income down. Would if you make honest mistakes because you didn't know...do they automatically assume you should have known and are cheating on purpose? I'm trying to do everything right by educating myself but would if I miss something that I was unaware of and get audited? Am I thinking too deep into it? I just don't want an audit and get into trouble for a mistake I didn't know about. It stresses me out....anyone else?? |
#2
|
||||
|
||||
Don't stress over it to much. They aren't out to get you!
My second year in business I was audited. The auditor was very kind and worked with me. She didn't fully inderstand the food program rules, I didn't fully understand depreciation rules. SO, because I had used Tom's books to prepare my taxes, I emailed him and he helped me with my audit! He gave me the info I needed to educate the auditor about the food program and she was very receptive to it. I ended up doing fine. Also, my entire audit was done by mail. I never had to meet face to face. I explained to the auditor the nature of my business and she allowed a mail audit so I wouldn't have to close. I simply made photocopies of all reciepts and sent those as well as my spreadsheets to her. She loved that I was very organized as well! |
#3
|
||||
|
||||
Quote:
So teh best thingt o do is just come here and ask questions, and we all can help each other! Hugs |
#4
|
||||
|
||||
Thank you Crystal for that information. If you get audited, do they withhold your refund until the audit is complete?
Legomom, I have also had panic attacks and anxiety in the past and found myself very close to one yesterday as I was reading all the info on taxes to figure it all out. I had to walk away from the computer for a while. |
#5
|
||||
|
||||
Audits
Certainly it can be a stressful experience to be audited. However, we shouldn't be stressed out by an audit before it happens!
Do your best to claim everything you believe you are entitled to claim as a business deduction. If one of your deductions is denied at an audit, it's not the end of the world. You just owe some money. The IRS won't shame you. In my experience in many, many IRS audits of family child care providers, it's common for providers to make mistakes. Nobody's perfect. Your chances of being audited are very remote, probably less than 2%. If you ever are audited, contact me and I will help you for free.
__________________
http://www.tomcopelandblog.com |
#6
|
||||
|
||||
Quote:
|
#7
|
||||
|
||||
Quote:
Sunshine girl, are you on anything? I take Zanax when needed, doesnt really seem to do much though... |
#8
|
||||
|
||||
Quote:
Back then I took the Zanax as needed and it helped instantly take the attack away, but I felt very tired when I took one...it kind of helps having the pills just incase, but haven't needed them...I come VERY close sometimes, but talk myself down....especially recently. |
#9
|
||||
|
||||
I get them out of nowhere for no reason. Sometimes I will get one as I am trying to fall asleep, and those seem to be the worse! I'm glad to know I'm not alone.
|
#10
|
||||
|
||||
Quote:
Can I ask if either of you has a heart murmur? I had a very pronounced one before I had surgery to repair my valve and read a book called "The Mitral Valve Prolapse Syndrome", and until I read that I never know there was a connection between my murmer and the panic attacks (and tons of other things too!) That book was a great source of information for me. I guess if you don't have a murmur, ignore everything I said! |
#11
|
||||
|
||||
Not that I know of!
|
#12
|
||||
|
||||
Quote:
I was told to drink more water because if your body is dehydrated it makes the condition worse. I did and that helped out a lot. For me it feels like my heart is beating out of rhythem, then I panic a bit and it feels like it won't go back into rhythem. I had an attack like that VERY bad after my 2nd daughter was born..heart was beating out of rhythem and wouldn't stop...I paniced, thought my heart would stop and I hyperventalated and everything. VERY SCARY! Sometimes I wonder if it's horomone related. |
#13
|
||||
|
||||
Quote:
Do you have acid reflux? When I went to the doc once he told me that that "skip a beat" feeling could be caused by acid reflux also. I get that all the time. Drinking more water DOES help. So does staying away from too much salt and sugar. If you don't already, switch to RealSalt brand salt. It's seasalt and so much better for you. Spice up your meals (as seasoning on top, not cooked in the meal) - not only will it help your heart, it will help your metabolism! I know we all kind of got of track here, but if anyone else has any hints/tips that work for their panic attacks, I would love to hear them!! |
#14
|
||||
|
||||
no, I don't have acid reflux....I always think stress creates this skipped beat feeling, but yet I have had the episodes come out of nowhere when I wasn't stressed also. So I don't know why or what causes them. Thank you for the tip on the salt..I have heard recently that seasalt is so much better for you, however I was looking for it a couple of months ago at 3 different stores and couldn't find it..I thought it was odd it's so hard to find.
|
#15
|
||||
|
||||
Quote:
|
#16
|
||||
|
||||
Quote:
Yes, panic attacks can definitely be related to hormonal changes. One thing that really helped me during attacks is doing something that requires concentration and physical activity, like typing on the computer. Even if I was too shaky to type correctly, having to really concentrate on what I was doing, and concentrating on my fingers and not my heartbeat would really help me. Also try to breathe slowly, don't let yourself hyperventilate-that makes it even worse! One thing that did NOT help was DH rubbing my back and trying to make me relax, not sure why but that kind of stuff never helped. If the inderal helper, by all means do what you need to do. I would find a different doctor if yours was not very compassionate about it. Panic attacks are actually quite common, and he should have known much more about them and how to help you. Do you go for echoe's ever? Do you take antibiotics before dental appointments? These are things. that are common for those with mitral valve prolapse, and you should ask about them if you're not. (BTW surgery is NOT common at all, i was one-in-a-million, so don't even worry about that!) |
#17
|
||||
|
||||
Quote:
BTW, which book are you talking about? |
#18
|
||||
|
||||
Quote:
http://www.amazon.com/Mitral-Prolaps...5387892&sr=1-1 |
#19
|
||||
|
||||
Quote:
__________________
~Everything happens for a reason~ |
Tags |
audit |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
What's The Point.... | Southernmama | Daycare Center and Family Home Forum | 5 | 08-23-2012 06:05 PM |
I Have A Few Problems And Need A Providers Point Of View | jenheu2006 | Parents and Guardians Forum | 16 | 07-25-2012 04:04 PM |
Really Considering Calling DCM at this Point | Breezy | Daycare Center and Family Home Forum | 7 | 05-30-2012 10:46 AM |
At What Point... | wahmof3 | Daycare Center and Family Home Forum | 3 | 04-30-2012 03:59 PM |
At What Point.... | tenderhearts | Daycare Center and Family Home Forum | 7 | 07-22-2010 07:29 PM |