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Last year was my first year in business so I'm doing my state taxes for the first time as a business. Are there any additional forms or directions that... -
Hi Tom, you had said that we can claim lunches on our taxes if we serve one component and I didn’t know that. I read in your blog this would go on form...
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If my business began in June 2017, where would these expenses go on Schedule C?
- $150 application fee for my Daycare license dated 12-9-16... -
My wife and I run our family childcare business together, and we will elect to be treated as a Qualified Joint Venture this year by filing two Schedule...
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Just opened my daycare in August 2017. First time for taxes and I'm doing my own with the help of Toms Book.
I read an article of Tom's... -
Opened my Family Childcare in August 2017. Attempting to do my own taxes with the help of Tom Copeland's Tax Workbook and Organizer (wouldn't be able...
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This is the first year I have paid an employee and withheld all necessary taxes. I ended up paying just a bit over $15,000 but using turbotax I cannot... -
Okay, Tom, I've got a tricky one for you (tricky for me at least).
1. I teach a preschool class at a homeschool co-op. I think the co-op... -
Hello. I was awarded a grant to use to purchase items to update my home daycare. I am not sure how to go about recording this. If I record the grant... -
A little late to be asking, but...........
I show the monthly checks from the food program as "other income." I was just looking... -
I began doing daycare in August. At first I only had a couple drop in kids, and I got my first full timer in October. The second and third full timer... -
I would like to know how to apply the Safe Harbor rule. I believe I qualify for this because my expenses for the business use of my home on Schedule C...
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So here I am again getting less money back if I claim my expenses. I ran my numbers both ways on paper and I'm not sure what I "legally" have...
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On which form do I deduct items like computer monitor, office chair, etc that I will be using time/space percentage on? There's the spot on C for office... -
I just bought a blender. It was $399. However, after t/s%, it is under 100. Should I put it on schedule C or depreciate it? -
Just making sure Taxact (switched and like much better than TT) isn't going to re-apply my T/S % to the totals I have already entered on the schedule...
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Ok....While I am sure there is a reason in the tax forms (well...maybe), here is what I encountered using TT online. I am, however, planning on buying... -
I am starting to enter my food expenses/reimbursements for 2011 in mmk.
I entered the reimbursements as 'other incomes' so my total income... -
At the beginning of this year I worked full-time (36 hrs on the weekends) at a job and also did child care full-time during the week. M-F from 6:30am-Midnight/1am.... -
I think that since we are a family of 3, if we start making over 1300 a month combined, then I have to let them know so they can adjust our food stamp... -
Is there a place on MMK where you can enter the quarterlies you have paid to Fed and State so that they show up when you print reports at the end of the...
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I just paid $400 to have my taxes done.
Just wondering how to claim this business or personal and at what percent each. Technically it is both... -
I am almost ready to make a appt to have someone do my taxes, however, I am not sure which reports I should print out from MMK to take with me. Is there...
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There is no category for gifts..so toys that I have bought as gifts for christmas bdays, etc, I just put under toys. I also dont know where to put gifts...
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So I had the schedule C stuff that was affected by the tax laws. I filed on Jan 27th, Turbo Tax said my stuff would be sent to the IRS for processing...
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I'm noticing that certain items are located on multiple forms, like Insurance, Repairs and Maintenance, Utilities, etc are located on both form 8829 and... -
An anyone tell me...
1. if I pay my homeowners insurance automatically with my mortgage, can I claim it on my schedule c?
2. How/where do... -
I am on the schedule C, entered the income, tax refund went to 4000ish enter the deductions for rent, util, advertising and expenses and it DROPPED 1k???... -
This will be my first year claiming & although it is not a bunch of $$$ (only cared for one family) I will admit I did not know about all the deductions...