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Income Taxes for Babysitting
You see, the IRS will let someone paying for a ... Who likes paying more taxes than necessary? In fact, once you go thru this you may find the motivation or ...
Answers
- I haven't been in your exact situation but I was self employed for 3 years and had to fill out the schedule C. As a daycare provider in your home the biggest deductio...
- You can go here to figure up an amount to write off for food. http://familychildcaretaxes.com/tax_tips_article.php?blRecordNumber=82 You have to figure up all amoun...
- Some things you might be able to claim are percentage of utility bills, A/C and heat, electric, gas, water, carpet and upholstery cleaning, snow removal, lawn care se...
Can Anyone Give Me a Few Suggestions?
IRS Publication 587 might be useful for the Business Use of Home deduction. You might want to have an accountant do your taxes at first and then you can ...
Answers
- hold back a minimum of 25% of all income. Keep ALL receipts from ALL bunsiness purchases. Seperate bank accounts for business and personal. Seperate credit card acc...
- I am also an independent contractor. I highly recommend working with an accountant. What to hold back and what to file can be very confusing at first and if you don'...
- I do not agree with the previous responder, what you can claim in regards to your utility bills depends on the size and use of your house for business. I do not rec...
How to File Taxes for Self Employed
You can get help on your own by going to the IRS web site at www.irs.treas.org and looking at Pub. 17 (Your Federal Income Tax); you may want to order one ...
Answers
- You have to file seperate because business do not get refounds they get tax credit. But i have a great bookkeeper and Tax person that we use for our business. She is g...
- You need to keep seperate records for your business and then when you go do your taxes they will do the business and then combine it with your personal. Not sure what ...
- We have a great CPA. His name is Keith Neifach, and his number is ###-###-####. He may be able to do a free consulatation. You may want to find someone as soon as p...
Newborn and EIC
My son was born on 8/16/07 and we got to claim him on our taxes in 2008. .... Plus if you have any questions you can call the IRS directly, there is a ...
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- Yes you can claim him. I have a little girl who is 15mo. I had her on 12/12/07, and because I had her before midnight of the 31st of December 2007 my husband and I got...
- Yes, you can claim him on taxes. Sorry, I don't know what EIC is.
- Yes, as long as the child was born before 12/31 you can claim them for the tax year. Make sure you bring the baby's social security card and any daycare info. You will...
Disability
I got STD with my job while I was on maternity leave and you Don't have to pay taxes on it (or you didn't 2 years ago). You might wanna check out the IRS ...
Answers
- Probably late - but...... I took STD when I was pregnant with my daughter. I did not have to do anything. I was sent a W-2 from my employer and a seperate W-2 from ...
- Try this link: www.empowermentzone.com/ssdi.txt -
- I believe your employer will take care of the taxed for you. check with your human resources dept and they should be able to give you the answer. if you are self emp...
Deception and Details......
You can re-file your previous years taxes, claiming the amount you have paid ... But, if your Ex ever got audited by the IRS and they see both of you have ...
Answers
- I agree with Christy! Your child won't care one BIT as an adult who paid for what-but she WILL remember Who set the proper example and didn't try to "get one over on ...
- You say he bills you. Does he do this in writing? If so, have you saved the bills? Do you have the cancelled checks that you have written to him for day care? Are ...
- Starting this week, pay by check one half of the daycare tuition. You may need to go through your lawyer to do this. The check will be your receipt. If you are bein...
Question Claiming Dependent Care
So, even if you claim this stuff on your taxes, the IRS would be hard-pressed to link the income to this woman on paper. So, she should understand that what ...
Answers
- Sounds like you'd be getting a great deal at that rate. And, I'm guessing you just had a miscommunication as to what rate you would be paying. You were factoring in ...
- Just a thought say you did claim your day-care expenses and you get audited.They will ask for itemized bill of services rendered and fees. If she does not claim it you...
- You should go ahead and claim your childcare expenses, no matter to whome they are paid. If she chooses to "fly under the radar", so to speak, then that is her choice,...
Anyone Currently Using a Dependant Care Account?
Go the the IRS website and it will tell you exactly what expense is tax deductible and what is not. I don't remember how much I saved but every bit helps. ...
Answers
- I am a federal employee so I am not sure if it works the same through other non-federal programs. But you can put away upto $5,000 of pretax dollars to cover child ca...
- I used to use a flex account when my daughter was in daycare. The one thing I didn't see mentioned is that you need to estimate carefully how much your anticipated ch...
- I used it a few years ago. I felt like I was paying for my day care expenses, and not being able to get reimbursed from the dependent care due to the way the system w...
Seeking Small Business / Independent Contractor CPA
He used to work for the IRS doing audits, so he knows what he's doing! .... She has been doing our taxes (my husband and brother-in-law) own a small ...
Answers
- Please review our web site at www.croxtonandcroxton.com. We are business consultants who specialize in business and personal tax work. The cost of completing a busin...
- P. - Call Sandy McIlvain at McIlvain and Associates. They are in the Grapevine/Colleyville area. She has been doing our taxes (my husband and brother-in-law) own a s...
- My hubby is a single person business. We used Jennifer at http://www.northtxcpa.com/. She has taken questions throughout the year and did his business taxes and also...
Is Daycare a Tax Deduction?
The nice thing is that it is a credit, so it directly reduces the amount of tax you owe. There are a couple of good websites, but my favorite is www.irs.gov ...
Answers
- YES! You can deduct childcare expense for taxes - you only need the facility's tax id #. If they don't have a tax id # then it can't be claimed. It's a required ent...
- Yes it is a tax deduction. Basically you just need the tax id number of the person or place that is providing the day care. If you decide to go with home care, make ...
- I don't remember the answer to this question, but I do know that it can be included in your flex-spending account. Check with your HR office to see if they have those...
