Monday, April 26, 2010

Is it the same to pay my daycare providor in cash as it is in checks ?

Is it the same to pay my licensed day care providor in cash as it is in checks? Im asking so that when it comes to doing my taxes I want to make sure I've done the right thing, so far I've been paying in cash and every time...My providor provides me with receipts...

Is it the same to pay my daycare providor in cash as it is in checks ?
How you pay her isn't the issue. As long as you're getting accurate receipts and saving them - you're in good shape. All the check writing does is give you back-up if you don't have other documentation.





See if she can give you one final statement acknowledging how much you paid during the year, too. It helps to have it all in case the IRS comes knocking on your door. (The Weenies!)
Reply:yes. just make sure you get a receipt
Reply:Yes, as long as you get receipts...which you said you are doing, so the tax benefits will be the same. :)
Reply:As long as you get receipts, you're OK.
Reply:Don't forget to get the providers tax ID number.


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