Tax Return

A Guide to TaxAct 2016

TaxAct is the third online tax preparation software I have reviewed this year. See my previous articles on TurboTax and H&R Block. My warning about the other two software programs applies to TaxAct. Don’t use TaxAct unless you know exactly… Read More ›

A Guide to H&R Block 2016

How well does H&R Block do in preparing a family child care provider’s taxes online? The short answer is not well, unless you understand how to properly use the software and are aware of the problems I discuss in this… Read More ›

A Guide to TurboTax 2016 – Part I

Do I recommend that family child care providers use tax preparation software? Not unless you know exactly what you are entitled to deduct as a business expense, how much of these expenses you can deduct, and where they should appear… Read More ›

When Do You Report Income?

It’s the last day of the year and a parent hands you a check for $150. You deposit the check on January 2nd. What tax year do you report this income? You must report income in the year you receive… Read More ›