In-home daycare

/Tag:In-home daycare

From the Archives: Tax Implications of the Unlicensed Daycare Provider

By | September 8th, 2015|Categories: From the Archives, Potpourri of Tax Topics|Tags: , |

Tax implications of the unlicensed daycare provider

Ask Jason, 3/9/12

By | March 9th, 2012|Categories: Potpourri of Tax Topics|Tags: , , , , |

Q: If I list 1099-K income hobby can I list equal expensives as I also buy for my hobby and spend more than I sell? A: The answer is not as simple as it sounds. First, you can deduct "cost of goods sold" (COGS) directly from hobby income -- if you have legitimate COGS and you [...]

Comments Off on Ask Jason, 3/9/12

Ask Jason 2/24/12

By | February 24th, 2012|Categories: Potpourri of Tax Topics|Tags: , , , |

All of these are actual questions from visitors to this website over the last few weeks: Q: Can a self-employed person deduct health insurance for same-sex spouse? A: Yes, if the spouse is your dependent. Otherwise, the answer is no. That's on the federal return. But also consider the implications on the state tax return. The [...]

Comments Off on Ask Jason 2/24/12

Ask Jason 2/10/12

By | February 10th, 2012|Categories: Potpourri of Tax Topics|Tags: , , , , , |

All of these are actual questions from readers over the last couple of weeks. Q: What are boxes 18-20 on a W-2 for? A: Some cities levy an income tax. For example, New York City, many cities that have a professional sports team, and most cities and towns in Ohio. If you earned wages subject to [...]

Comments Off on Ask Jason 2/10/12

Small Business Wednesday — Daycares and the Home Office Deduction

By | November 30th, 2011|Categories: Small Businesses Taxes|Tags: , , , |

Many in-home daycare providers wonder about the home office deduction. This article will explore the rules for qualifying for the deduction, and how to calculate the deduction. Do You Qualify? You qualify for the deduction if you are a licensed daycare provider. If you are not licensed, you can still qualify for the deduction but only [...]

Comments Off on Small Business Wednesday — Daycares and the Home Office Deduction