Help with 2009 Taxes/Minute Menu

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  • misol
    Advanced Daycare.com Member
    • Jan 2010
    • 716

    Help with 2009 Taxes/Minute Menu

    I saw the thread by MsKara but didn't want to hijack it. Plus my question is slightly different. I am getting close to the extension deadline for 2009 taxes so I need to wrap this up and I am stuck.

    I am using TaxCut (HR Block Home) to do taxes. When I enter all my info from Minute Menu, the T/S % that they come up with (59%) is different from what I got in Minute Menu (31.13%) :confused: If anyone can help me figure out what I am doing wrong I would appreciate it.
  • misol
    Advanced Daycare.com Member
    • Jan 2010
    • 716

    #2
    Anyone??

    Comment

    • Michael
      Founder & Owner-Daycare.com
      • Aug 2007
      • 7951

      #3
      , maybe you should hijack MsKara's thread....

      Comment

      • Abigail
        Child Care Provider
        • Jul 2010
        • 2417

        #4
        I've been told it's easier to have someone do daycare tax returns as they can become complicated! Good luck!

        Comment

        • legomom922
          Advanced Daycare.com Member
          • Jul 2010
          • 1020

          #5
          I'm just as confused...sorry I'm no help..Do we have a tax pros out here??

          Comment

          • misol
            Advanced Daycare.com Member
            • Jan 2010
            • 716

            #6
            Originally posted by Abigail
            I've been told it's easier to have someone do daycare tax returns as they can become complicated! Good luck!
            Thanks. Funny because I've heard the opposite. It's my understanding that standard tax software is designed for regular home offices and that daycare is a whole other animal. Some of us use our entire home as our "home office" and in order to claim everytrhing we are entitled to, it's best to either do it yourself or find a tax preparer that specializes in daycare. Since I haven't been able to find anyone that specializes, I've been tryng to do it myself. I've been using Tom Copeland's books as my guide and was doing fine up until this point. I might have to break down and pay to have someone else do them Last year was my first year doing daycare and it was only for part of the year. I have a sneaking suspicion that this is why I'm having an issue.

            I think I will try calling the TaxCut and Minute Menu help lines to see if either can explain my discrepancy.

            Comment

            • DCMom
              Advanced Daycare.com Member
              • Jul 2008
              • 871

              #7
              I have used Turbo Tax for years; the Home and Business version asks questions specific to daycare.

              I'm not sure if you have seen this, but if you aren't comfortable doing your own taxes (and many people aren't!) here is a link to try and find a tax preparer close to you. I believe that many if not all of them have had some training with Tom Copeland. That would be the first question I asked if I was looking for someone and the second would be whether or not they have ever been a daycare provider. That would ideal

              Comment

              • TomCopeland
                Business Author/Trainer
                • Jun 2010
                • 3062

                #8
                Time-Space %

                I don't know your exact problem but it sounds like the software is only counting your space percent, not your time-space percent. I'd be happy to help you out if you call me at 651-280-5991. Tom
                http://www.tomcopelandblog.com

                Comment

                • misol
                  Advanced Daycare.com Member
                  • Jan 2010
                  • 716

                  #9
                  Originally posted by TomCopeland
                  I don't know your exact problem but it sounds like the software is only counting your space percent, not your time-space percent. I'd be happy to help you out if you call me at 651-280-5991. Tom
                  OMG! Thanks Tom. I will definitely take you up on your offer.

                  Comment

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