Things You Can Claim

[jenboo]

What are some things you can claim that I might be forgetting? I made 40k this year and I'm trying to write off as much as possible.
So far I have the basics:
Receipts from supplies (toys, diapers, food, cleaning, etc)
Utilities
Home improvement projects
.... What else could I be missing

[TomCopeland]

deductions

What are some things you can claim that I might be forgetting? I made 40k this year and I'm trying to write off as much as possible.
So far I have the basics:
Receipts from supplies (toys, diapers, food, cleaning, etc)
Utilities
Home improvement projects
.... What else could I be missing

Here's my article that lists many items:http://www.tomcopelandblog.com/2012/...-business.html

My book Family Child Care Record Keeping Guide lists over 1,000 allowable deductions.

[jenboo]

Here's my article that lists many items:http://www.tomcopelandblog.com/2012/...-business.html

My book Family Child Care Record Keeping Guide lists over 1,000 allowable deductions.

Thank you. I really need to get your books. What happens if I don't have receipts for everything?
I'm so dumb and didn't keep household receipts like toilet paper and stuff. Am I out of luck??

[jenboo]

Here's my article that lists many items:http://www.tomcopelandblog.com/2012/...-business.html

My book Family Child Care Record Keeping Guide lists over 1,000 allowable deductions.

Man, I wish I would have kept more receipts!! I really to get your book. I didn't keep receipts for household stuff... And I out of luck or are there things I can claim without receipts?

[momtomany74]

What about rent and renter's insurance? Utilities?

[jenboo]

Here's my article that lists many items:http://www.tomcopelandblog.com/2012/...-business.html

My book Family Child Care Record Keeping Guide lists over 1,000 allowable deductions.

I really need to get your books!
So now I'm thinking I didn't save enough receipts. I didn't save household stuff like toilet paper and such.
Is there anything I can do without receipts? Am I out of luck??

[TomCopeland]

receipts

Thank you. I really need to get your books. What happens if I don't have receipts for everything?
I'm so dumb and didn't keep household receipts like toilet paper and stuff. Am I out of luck??

If you don't have receipts you can try to reconstruct your records - use cancelled checks, credit/debit card statements, take pictures of items you still have. See my article on this: http://www.tomcopelandblog.com/2011/...-now-what.html

[TomCopeland]

rent

What about rent and renter's insurance? Utilities?

Yes, you can deduct a portion of your rent, renter's insurance, and utilities. You can deduct anything that is "ordinary and necessary" for your business.

[Unregistered]

Centers VS Home

Are most of the tax deductions the same between centers vs out of the home? Do your books cover both Mr. Copeland?

[TomCopeland]

no receipt

Thank you. I really need to get your books. What happens if I don't have receipts for everything?
I'm so dumb and didn't keep household receipts like toilet paper and stuff. Am I out of luck??

You can try to reconstruct these expenses. See my article: http://www.tomcopelandblog.com/2014/...-records-.html