Annual Tax Quiz

Test your tax knowledge by taking this short quiz.

1) If a provider drives two cars for business trips during the year, can she use the standard mileage rate for one car and the actual expenses method for the other car?

a) Yes    

b) No

2) A provider uses the standard meal allowance rate and cares for children from 7am to 10pm. She serves a breakfast, am snack, lunch, pm snack, a dinner served at 6pm, and another dinner served at 9pm.

If one child is present from 1pm until 10pm, can the provide deduct the 6pm dinner and 9pm dinner served to that child?

a) Yes    

b) No

3) Can a provider deduct the two dinners in the above question if she uses the actual food expenses method?

a) Yes     b) No

The answers!

1. Yes

2. No, only one dinner can be served to any one child each day.

3. Yes

Tom Copeland - www.tomcopelandblog.com

Image credit: https://www.123rf.com/photo_116378855_stock-vector-quiz-time-icon-concept-vector-sign-ask-game-competition-.html

For information about how to fill out your 2013 tax forms, see my book Family Child Care Tax Workbook and Organizer.