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Childcare business income

If my entire income for  the year  for my personal childcare business equals  to  a little over $10000 received in cash over time from a from a few customers children Incared for. Do I still need Form  8300 if cash payments received from individuals on a weekly basis raised my income to be a little over $11000 or is that for self employed businesses that received cash from one  person equaling 10000 or more?   Thanks in advance for clarifying what I have to do because I'm just a one person childcare provider self  employed business with a few customers paying me on a weekly basis of $ 150- 300  not one person giving a childcare worker $10000 at once or  that  amount over time.

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Accepted Solutions
ColeenD3
Expert Alumni

Childcare business income

No, you do not need to file Form 8300. 

 

Who must file. Each person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in cash in one transaction or in two or more related transactions, must file Form 8300.

 

 Form 8300

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2 Replies
ColeenD3
Expert Alumni

Childcare business income

No, you do not need to file Form 8300. 

 

Who must file. Each person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in cash in one transaction or in two or more related transactions, must file Form 8300.

 

 Form 8300

Childcare business income

Thank you so much  for bringing clarity. I'm new doing this so needed to be informed. 

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