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Income Tax Information
for Day Care Homes

Excellent record keeping is a must for taxes. Remember to keep receipts related to day care as well as proof of all income and expenses. Any questions, contact the IRS or check out their website at:
INTERNAL REVENUE SERVICE

Here is a basic list of IRS forms and publications.
These are all available at the IRS website

IRS forms:

  • 1040- Basic personal tax return
  • 1040c-Profit or loss from business
  • 1040ES- estimated taxes
  • 1040SE- Social security self employment tax
  • W-10- Dependent care providers identification and Certification
  • 4562-Depreciation and Amortization
  • 2441-Child and Dependent care expense
  • 8829-Business use of home

IRS publications:

  • 334 tax guide for small business
  • 587 business use of your home
  • 534 depreciation
  • 533 self employment tax
  • 583-taxpayers starting a business
  • 917-business use

Other resources:

National Association of Child Care Resource and Referral Agencies www.naccrra.net

Red Leaf National Institute - The National Center for the Business of Child Care www.redleafinstitute.org

Internal Revenue Service www.irs.gov

Oregon State Department of Revenue www.dor.state.or.us/

Small Business Administration www.sba.gov

Books:

Basic Guide to Family Child Care Record Keeping
Redleaf Press Business Series
This book is available for $9.95 from Redleaf Press

1999 Family Child Care Tax Workbook
Redleaf Press Business Series
This book is available for $12.95 from Redleaf Press


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Northwest Nutrition Service, PO Box 68365, Milwaukie, Oregon 97268