Make sure that your tax preparer is claiming all allowable business deductions and filling out your tax forms properly.

There are many unique tax rules that affect your family child care business: time-space percentage, Food Program and food expenses, general house expenses, and more. A tax professional who doesn't have experience doing family child care tax returns may not fully understand your business. The Family Child Care 2011 Tax Companion is a comprehensive tool for reducing your taxes and increasing your confidence in your tax professional. It will help you identify potential errors before your taxes are filed and it will reduce your concerns that your tax professional is making mistakes. The Tax Companion contains:

• A new interactive, online PDF of the Tax Companion so you can enter your numbers online to fill out the checklists quickly and accurately. It is free with the purchase of the book.
• A series of worksheets and checklists that correlate with specific IRS tax forms (Form 8829, Form 4562, and Schedule C)
• A line-by-line commentary on these key IRS tax forms, which will help you and your tax professional understand exactly where your business deductions should be claimed
• A description of how to work with and resolve problems with your tax professional