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| Preface | |
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| Acknowledgments | |
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| Introduction: The Business of Child Care | |
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| Keeping Records | |
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| The Basics of Record Keeping | |
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| Record-Keeping Systems | |
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| Tracking Income | |
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| Tracking Expenses | |
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| How Long Should You Save Your Records? | |
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| Claiming Your Food Expenses and Reimbursements | |
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| Common Objections to the Food Program | |
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| Understanding the Two-Tiered System | |
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| Reporting Your Food Program Reimbursements | |
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| Reporting Your Food Expenses | |
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| Calculating Your Food Expenses | |
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| Frequently Asked Questions | |
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| Figuring Your Time-Space Percentage | |
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| Calculate Your Time Percent | |
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| Calculate Your Space Percent | |
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| Calculate Your Time-Space Percentage | |
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| Frequently Asked Questions | |
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| Deducting Expenses | |
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| Understanding Your Business Expenses | |
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| Is the Expense Deductible? | |
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| How Much of the Expense Is Deductible? | |
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| When Is the Expense Deductible? | |
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| Claiming Deductions If You Aren't Regulated | |
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| Using the Start-Up Rule | |
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| Saving Your Money | |
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| Nondeductible Expenses | |
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| Deducting Your Business Expenses | |
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| Advertising | |
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| Bad Debts | |
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| Car and Truck Expenses | |
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| Employee Benefit Programs | |
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| Insurance | |
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| Interest | |
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| Legal and Professional Services | |
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| Office Expenses | |
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| Rent of Business Property | |
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| Repairs and Maintenance of Personal Property | |
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| Supplies | |
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| Taxes and Licenses | |
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| Travel, Meals, and Entertainment | |
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| Utilities | |
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| Wages | |
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| Other Expenses | |
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| Deducting Your Home Expenses | |
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| Casualty Losses | |
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| Mortgage Interest and Real Estate Taxes | |
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| Homeowners Insurance | |
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| Home Repairs and Maintenance | |
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| Utilities | |
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| Rent | |
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| Moving Expenses | |
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| Claiming Your Depreciation Expenses | |
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| Understanding Depreciation | |
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| Depreciating Your Car | |
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| Depreciating Your Personal Property | |
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| Depreciating Land Improvements | |
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| Depreciating Home Improvements | |
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| Depreciating Your Home | |
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| Keeping a Depreciation Log | |
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| Other Tax Issues | |
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| Special Tax Topics | |
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| The Child Care Tax Credit | |
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| Dependent Care Plans | |
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| Hiring Employees and Independent Contractors | |
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| Selling Your Home | |
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| Paying Estimated Taxes | |
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| Understanding Self-Employment Taxes and Business Profits | |
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| Setting Up Medical and Retirement Plans | |
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| Working with a Tax Professional | |
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| When to Get Help from a Tax Professional | |
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| Hiring a Tax Professional | |
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| Working with a Tax Professional | |
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| Dealing with Tax Professional Errors | |
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| Finding a Tax Professional | |
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| Dealing with the IRS | |
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| Handling an IRS Audit | |
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| Handling Disputes with the IRS | |
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| If You Are Audited | |
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| Amending Your Tax Return | |
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| A Final Note | |
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| Appendix | |
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| List of IRS Forms and Publications | |
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| Getting Tax Help on the Internet | |
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| Index of Deductible Expenses | |
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| Topic Index | |