topic I worked out of my home with daycare services..I have no ein #. in Deductions & credits

I worked out of my home with daycare services..I have no ein #.

malindat11 — Tue, 05 Jan 2021 20:47:31 GMT

I was pd cash.

Re: I worked out of my home with daycare services..I have no ein #.

ErnieS0 — Tue, 26 Jan 2021 00:19:34 GMT

The IRS considers you to have a daycare business if you provided child care in your home. It does not matter whether or not you have an employee identification number.

You will have to give your Social Security number to your clients so they can claim a child care credit on their income tax returns.

Report all your income as self-employment income on your taxes. You can use TurboTax Self-Employed to do this. You can deduct expenses, including expenses of using home to provide care.

Learn about deducting home expenses in IRS Publication 587 under Daycare Facility.

Re: I worked out of my home with daycare services..I have no ein #.

SweetieJean — Tue, 26 Jan 2021 01:12:20 GMT

I hope you kept accurate records, as the IRS looks at cash-based businesses carefully.

Any of your clients who wish to claim a tax break for Child Care will need your SSN. If you don't want to give it out, you can get an EIN from the IRS:

EIN FORMS GOV / EIN Online Application (ein-forms-gov.com)

Also see this:

2020 Publication 587 (irs.gov)

Your state may be different