Does IRS Know Your Business? ?

[Crazy8]

yes, also have an EIN number to give parents. At interviews one of the most common questions I get asked is if parents can claim the cost on their taxes so I know its important to families as well.

[Willow]

Tax evasion is against the law. It would make me sick to think of my kids growing up without their mother simply because I didn't claim some of my income.

In other words - GIANT NO WAY would I ever not claim.

[Memc2001]

Absolutely! Not only do my clients need the deduction amount for their taxes but I have so many deductions with my business. I suppose if I was just watching a niece or nephew and their parents weren't using the child care deduction you could choose not to. But, everyone needs the tax deduction, so I don't know how you would not get caught since thy have to list who is watching their kids and the amount, etc...
I operate under an LLC and use an FEIN number so I don't give out my social security number.

[Brooksie]

I report EVERYTHING to the IRS. No matter how many kids I have.

[JenNJ]

Yup. I report it all. I have a cleaning lady and made sure that she reports her income so I can use it as a deduction.

[snbauser]

Yep. Besides it being morally wrong for me, it's also not worth the risk and penalties of getting caught.

[e.j.]

Same here. I report all income - even the relatively small amounts paid in cash by drop-in clients. It's the right thing to do and it's not worth the risk of being caught doing something illegal.