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A friend of mine is going to come once a week to do a kids music program with my daycare kids. She's considering turning it into a business but isn't one as of yet so I won't get receipts. Will my cashed checks serve as enough proof for tax purposes or will I not be able to claim it at all since I won't have a receipt? I'd really like to be able to claim it since it's $20 a week and it's 100% for daycare.
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Why wouldn't she give you a receipt? You don't have to be a business to give a receipt. -
I don't think she is planning on claiming it as income for her own taxes. I think I'm going to let her know I will need a receipt if we do this. It's a decent amount of a write off for me.Comment
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Receipt?
To claim a business deduction you need an "adequate record", not necessarily a receipt. You can write "music teacher" on the memo line of your check, keep a record of when she was there and take a picture of her with the children. This would clearly be an adequate record.Comment
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