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 A question about my friend?
see my friend moved here in Northcarolina..and i went to his house and his mom said that they were really really poor before they come here..but now there really rich with a 2story house,hottub ...


 Does the IRS allow to invest in a 401K Plan and also a Roth IRA account at the same time?
I just signed up for a 401K Plan with my company and am also considering investing in a Roth IRA Account. My question is, does the IRS allow simultaneous investments in the 401K & Roth IRA? My ...


 Can you get DLA, Incapacity Benefit and Income Support at the same time?
...


 I own irs $2000 because my former employer didnt send me my W 2 form ...?
i tried to contact my former employer regarding my W 2 form but was nowhere to find. the business closed down in the mid 2006 and he didnt send me my 2006 w2 form, i didnt keep all the copies of my ...


 Refund with a receipt for a jumper that was too small?
returned a jumper that cost £40 with a receipt was told no size bigger was avaible and i could only have a refund for £30 as it was now in sale even though i had a receipt for £40. What are my ...


 Anyone have any info on the stimulus packages from the IRS?
I read the website and according to them it should have been direct deposited today. I have not yet received it. When I call the number it is a machine that offers no information. Anyone have any ...


 Does anyone know the monthly pay for a £14,500 per annum salary?
Its my new job and i am being paid soon but wondered if someone could give me a ball park figure of how much roughly i would be getting?...


 Is it necessary/compulsory to file return of your income if you have a PAN however your income is not taxable.
...


 How can I find out about my stimulas check?
...


 Council tax discount?
I am moving into a new flat soon on my own and therefore will be entitled to 25% discount. I know i have to write off to the council with a form for this and im just wondering how long this can ...


 If the IRS puts a levy on your home, can you sell it?
...


 If i get married will it affect my taxes?
I've been with my boyfriend for 8 years now. We have a strong relationship. We also have 2 kids together, we want to get married but i keep hearing that it'll affect my taxes at the ...


 If tax consultant prepares my taxes, who is liable if consultant makes a mistake?
I am kind of confused regarding my tax preparations. I am aware of some tax consultants who might be able to get me more money than some of free/paid online tax softwares.

When I spoke to ...


 Will the tax rebate cap be based on adjusted gross income or taxable income?
...


 Can I write off my ohone bill and utilities if i work from home for another company?
I work form home taking customer service calls for a company. Since I work from home, can I write off my phone bill and ComEd bill, or would that be as useless as writing off gas for a regular job ...


 What do you do when when your boss doesn't give you your w-2 or 1040 form so you can do your taxes?
He's deep in debt and I really don't think he will be issuing any w-2's to any of his other employers either. I believe he is already in trouble with the IRS. I want my forms so that I ...


 My boyfriend and I share a home and a child. Who should claim head of household to maximize tax returns?
He made 15x more money than I did last year.(I dont know if that matters) Can we both be head of household since we are not married?...


 How much do you get taxed on £234 a week?
i work 3 days a week
and my tax code 522L...


 Where’s the best place to go to get your taxes done ~ or can I do them myself, is it really hard?
(I’m not American & not familiar with the tax system at all) how much does it cost if I get someone else to do them?...


 For people in the last batch of SSN numbers waiting for direct deposit of stimulus?
I just checked the "Where's my stimulus" option on IRS.GOV and it FINALLY gave me some info. It says my deposit will post no later than Friday, May 16th. I'm not holding my breath,...



Jenn
Do I Have To Give Child's Father My Social Security Number ...?
I have been taking care of a friend's little boy while she works for several months. Court paperwork dictates that she pay 48% and the father pay 52% of the childcare expenses. She has been paying me her portion plus part of the father's portion from the get go, as he has not ever paid a cent toward his childcare. I finally started giving him bills, and he has asked for my tax identification number, which I now know is my social security number. I don't feel safe giving him my SSN, as he is not a trustworthy person, and I believe does things that are possibly illegal. Do I have to give him my SSN in order for him to claim childcare expenses on his taxes? Can he just give them my name and address? I already know I have to and will claim the income from this on my taxes. If I don't give him my SSN, does that mean he doesn't have to pay me for his child's childcare that I have provided?
Additional Details
Thanks ~ I have no intention of giving him my SSN!
                     
 




PepsiLime
What the father is probably planning on doing (at least I hope this is what he's planning on doing, with needing your social security) is claiming on his tax return the 52% of the child care expenses that he is paying for. In order to get the child/dependent care credit, he needs to put down the child care provider's information (in this case, you), which includes either and EIN # or social security #. I prepare taxes for a living, and right on form 2441 (child/dependent care credit) it asks for EIN/Social Security number. If you don't feel comfortable with giving him your social security number you might want to fill out an SS-4 on-line with the IRS to get a EIN #. Then you can give him that so that he can claim the child care credit. But, with him claiming the child care credit, you will have to report the income you are being paid by her and him on your tax return, on a Schedule C, along with expenses you are incurring for taking care of the child. If you have a net profit from the child care and it is more than $400 you will have to pay Self-Employment (SE) tax on that profit, which is 15.3% of 92.35% of net profit.


bostonianinmo
If they are paying you, you MUST provide your SSN upon request! You do NOT have an option on this, by the way. You can be penalized for failing to provide it where there is a legitimate requirement to do so. Since you are being paid, there IS a requirement to do so.

They will likely be claiming some of the child care expenses on their taxes and you must claim this as income. They must provide YOUR SSN to get the credit. YOU must provide them with your SSN.

If you're not comfortable with giving him your SSN you can get an EIN from the IRS. Give him that instead. But you must provide a TIN upon request.


wartz
Your tax ID number is required on the Child Care Credit form.


ninasgramma
The father cannot take the dependent care credit if he is not the custodial parent. However, as a business, you need an EIN. There is no harm to you if you give it to him if he is your client. Give both parents the EIN, do not give the EIN to the father and your SSN to the mother. Use the EIN on your Schedule C when you report the income.

Prepare a year-end statement for each parent, showing

Date of statement:
Your business name
Address
EIN

Name of child:
Address of child:
Amount of child care expenses:

Name of parent:
Address of parent:
Amount paid by parent:

That way you have documented all the relevant facts. The custodial parent may be able to take the dependent care credit for expenses she paid to you. You should not concern yourself if she got the money from the father or not.

The statement to the noncustodial parent protects you in case he tries to claim a dependent care expense on a child that does not live with him. He will not be able to use your statement to support his claim for the credit.


Non Sequitur
Rating
You can get a EIN (Employer Identification Number) that you can give him instead of your SSN as a TIN. You can get an EIN online. (See link below). It sounds like you are doing this as a business so it makes sense to have an EIN in any case. It doesn't matter that you don't have employees.


reynwater
Rating
Tax ID number for his tax purposed would be your business tax id number. Don't give him your ssn.


dedwards72
If I were you I would call the IRS, I believe they have a 800-number on the computer, and find out from them. What ever you do don't give him your social security number.


gemini
NO!!!!!!! He has to pay the child care whether you give it to him or not. And DO NOT GIVE HIM YOU SS#. If he refuses to pay you you could take him to small claims court or stop watching the child. I wouldn't trust this guy either. I've done day care for many years and have never asked to give mine and I never will! Good Luck!


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