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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 02-11-2014, 02:19 PM
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Default LLC Partnership State ID Number

This is my first year in the business. I recently found out while working on my state taxes that I need a mn tax id number in addition to my ein number. I have a llc partnership home daycare business. When I went to Minnesota's website to file for a tax id number it asks me what types of taxes I need to file for my business? It lists sales and use, use only, withholding... Does anyone know or would be able to help me figure this out? Thanks.
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Old 02-12-2014, 11:44 AM
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Default tax id

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This is my first year in the business. I recently found out while working on my state taxes that I need a mn tax id number in addition to my ein number. I have a llc partnership home daycare business. When I went to Minnesota's website to file for a tax id number it asks me what types of taxes I need to file for my business? It lists sales and use, use only, withholding... Does anyone know or would be able to help me figure this out? Thanks.
Choose sales and use tax.
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Old 02-14-2014, 11:39 AM
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Thanks Tom!

I have one more question, if you could please answer.
Because I choose sales and use tax, does that mean I should be paying in a sales tax on each check I receive from parents for care? Or when do I pay a sales and use tax to Minnesota?
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Old 02-14-2014, 02:39 PM
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Default sales/use tax

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Thanks Tom!

I have one more question, if you could please answer.
Because I choose sales and use tax, does that mean I should be paying in a sales tax on each check I receive from parents for care? Or when do I pay a sales and use tax to Minnesota?
No. You are offering a service and so that is considered a "use." You only owe state income tax on your profit, because you are self employed.
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