Fees On Taxes?

[Baby Beluga]

Should enrollment fees and late fees be included in the parents end of the year total on their tax receipt?

I know I have to claim it on MY end but am unsure if I include it on the receipt I make for parents or not.

[hwichlaz]

I don't think it matters as long as you claim it on your end.....unless they don't enroll until near the end of the year it won't help them anyway.

BUT I'd still include it just so our numbers matched. Makes me feel better.

[Alwaysgreener]

When I asked, Tom about fees and gift cards, he told me yes.

[TomCopeland]

fees

Should enrollment fees and late fees be included in the parents end of the year total on their tax receipt?

I know I have to claim it on MY end but am unsure if I include it on the receipt I make for parents or not.

Yes, such fees should be included in the end of the year total you give parents for them to claim the child care tax credit. See IRS Publication 503.

[Baby Beluga]

Thank you!!

[DeeDee]

I know this is an old thread, sorry if I'm opening it up again not sure if that's allowed. But I had a question about enrollment fees: Last year (2021) I started charging an enrollment fee for the first time. Do I add the enrollment fee amount to my 2021 taxes & end of the year statements or do I wait and add it when the family gives their 2 week notice and I use it for the last 2 weeks of the year they give notice?

[Michael]

Welcome back. We moved the forum to a mobile-ready platform at https://forum.daycare.com

I don’t think Tom made the jump to the new forum but you’re welcome to post there.

[Alwaysgreener]

I know this is an old thread, sorry if I'm opening it up again not sure if that's allowed. But I had a question about enrollment fees: Last year (2021) I started charging an enrollment fee for the first time. Do I add the enrollment fee amount to my 2021 taxes & end of the year statements or do I wait and add it when the family gives their 2 week notice and I use it for the last 2 weeks of the year they give notice?

It gets added to the year you received it. So if you got it in 2021 you put and the receipt and in your taxes for 2021.

[DeeDee]

Welcome back. We moved the forum to a mobile-ready platform at https://forum.daycare.com

I don’t think Tom made the jump to the new forum but you’re welcome to post there.

Thanks for letting me know Michael 👍

[DeeDee]

It gets added to the year you received it. So if you got it in 2021 you put and the receipt and in your taxes for 2021.

Thank you for that information @284778 much appreciated! 🙂