Finding a tax professional who can pay you the right taxes can be a challenge for many babysitters.
The reason for this is that there are a number of special tax laws affecting donors that many tax professionals do not fully understand.
Here are some of the ones I have written that will help you find, choose and work effectively with a tax professional:
How to Find a Tax Specialist: The easiest way to find a person would be to talk to the service providers in your area and ask if they use tax professionals and if they are satisfied with the person.
A tax-certified taxpayer (CPA, Registration Assistant, or formerly employed by the IRS) does not mean that he or she will prepare your taxes correctly. To determine if the person understands your business, ask him the following questions:
Questions You May Ask Your Tax Specialist
Your Tax Preparation Questions Should Answer Right
Sometimes the IRS tax rules are not clear and you may have a disagreement with the taxman about what you can get. If so, the following articles may be helpful:
What to Do When You Have a Disagreement With a Taxpayer
Why Can’t I Get Rid of It?
Finally, you need to know how to get rid of the tax breaks: How to Get Rid of Your Taxes.
2021 Family Child Care Tax Companion
Every year I update this book to providers who use tax preparation. It has a list of pages to fill out and give to the taxman to determine what to put on your tax returns. It also has a topic that answers many questions about tax problems that affect service providers and identifies IRS officials that you can use to resolve any disputes with a taxpayer or IRS accountant.
The 2021 Family Child Care Tax Companion available in early February.
Note: The 2021 Family Child Care Tax Workbook and Organizer will also be available in early February. It is for donors who make their own taxes and explain how to fill out any federal tax form, line by line.
Tom Copeland – www.tomcopelandblog.com
Categories: History & Taxation, Tax Professionals