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Tax Rules for Family Child Care Provider

Duration: 100 minutes
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
Delivery Method: Self-Study 
 
CPE Credits Designation Field of Study
IRS * 2 EA Federal Tax Law Topic
NASBA 0 CPA N/A
CTEC 2 CRTP Federal Tax Law Topic
CFP Board 2 CFP® Income Tax Planning

* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.

Fees: $49 for Members and $60 for Nonmembers
 
Summary
Family day care has been and continues to be a growing industry. Tax laws and regulations related to this business are different than most other businesses. This makes it important for business owners to have a tax professional who understands the rules and applies them accordingly. This will ensure an accurate return for your day care clients and satisfaction in knowing they’ve claimed every deduction available to them. This webinar will cover business use of home, food expenses, household expenses including how to allocate between business and personal use. IRS audits in this area will also be discussed. If you have clients with in-home day care businesses, you can’t afford to miss this on-demand webinar!
 
Objectives
Upon completion of this on-demand webinar, you will be able to:
  • Identify unique family child care tax rules
  • Prepare a family child care tax return
  • Defend a family child care client under IRS audit
  • Maximum business deductions for an in-home day care provider

Presenter: Tom Copeland

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PO Box 8002, Appleton, WI 54912-8002 Phone: 800.558.3402 Fax: 800.747.0001

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