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I have tax clients who own and operate Adult Family Homes.
I have tax clients who own and operate Adult Family Homes. They receive payments through an organization called Care Resources with funding from Michigan Medicaid Waiver. According to some sources, th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
Lev, I have a client that is taking care of his mom at his
Good afternoon Lev, I have a client that is taking care of his mom at his home and receive wages on a w-2. Last year I instructed him to fill out the In-Home Supportive Services(IHSS) Program and waiv… read more
Lev
Lev
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In 2017 i received state funds to assist with care of my
in 2017 i received state funds to assist with care of my disabled son... i received a 1099misc from the state... where is that reported on my return.? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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Wendy Sorry, Pearl. I am a host home provider and wanting to
I am a host home provider and wanting to know how I document the money I earned on my taxes. … read more
Lane
Lane
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Doctoral Degree
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Since I filed the SOC Form 2298, do I just leave the info
since I filed the SOC Form 2298, do I just leave the info sent to me on form [email protected] for those earnings off of my 1040? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I have been searching regarding our Adult Care. Someone told
Hi - I have been searching for answers regarding our Adult Foster Care. Someone told me if I have under 4 residents in our home we do not have to claim the income on our income tax. I am wondering if … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
I have a host home with 2 disabled adults. The placement agency
I have a host home with 2 disabled adults. The placement agency has been issuing me a 1099 each year so I have been filing the income as taxable. The placement agency sent an email saying the income m… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I am a Certified Family Home Provider (Idaho) and care for
I am a Certified Family Home Provider (Idaho) and care for a developmentally disabled adult. I received a 1099MISC for the income I received this past year. The pay is very low - $50 per day for 24 ho… read more
taxmanrog
taxmanrog
Master's Degree
2,946 satisfied customers
"difficulty of Care" payments have been made to my wife because
"difficulty of Care" payments have been made to my wife because our adopted daughter can not see , and is multi-handicap, and mentally challenged. We received for the first time from our STATE agency … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I do adult foster care and that is non-taxable income (per
I do adult foster care and that is non-taxable income (per IRS Code Section 131). I received a 1099 MISC (with the money I received on line 7). What do I do with that? If I put it in as misc income, i… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
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irc section 131 bk-cpa,certified public accountant(cpa) i
irc section 131 bk-cpa,certified public accountant(cpa) i have a related question sec 131 says adults(over18) you pay tax if you have more than 5 adults .children(less than 18 years old) pay tax on di… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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i own and operate a licensed Adult Family Home.out of my
i own and operate a licensed Adult Family Home.out of my personal residence. Some of my residents are placed by Managed Cares Organization that handle adults on medicaid. i received a 1099 and the pay… read more
Megan C
Megan C
Certified Public Accountant (CPA)
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Can husbands Sch. C business pays rent to wifes Sch. C?
Can husband's Sch. C business pays rent to wife's Sch. C? Husband's business is Sch. C chiropractice office. Wife's business is Sch. C property management. The building is owned by revocable family tr… read more
WebCPA
WebCPA
Manager
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It is known that an individual may take IRC Section 131 exclusion
It is known that an individual may take IRC Section 131 exclusion for income recieved from an agency for the care of foster children. Can a "business" that operates a home for foster children take thi… read more
winktax
winktax
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Master's Degree
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A question regarding Section 179 depreciation for heavy SUVs Our
A question regarding Section 179 depreciation for heavy SUVs: Our small Schedule C business has a heavy SUV that is used 90% for the business. This SUV is fully depreciated and has to be replaced. A n… read more
jgordosea
jgordosea
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How are passive activities reported on income tax returns
How are passive activities reported on income tax returns? Need help summarizing passive activity rules of the IRS.… read more
Jesse Handel
Jesse Handel
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are foster care payments(regular and specialized care ...
are foster care payments(regular and specialized care rates) taxable income? Optional Information: yucaipa, California Already Tried: IRS WEB SITE… read more
Tammy F.
Tammy F.
Freelance Writer and Editor, Animal Resc
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where can i get a copy of the IRS tax code that states ...
where can i get a copy of the IRS tax code that states foster care income (regular and specialized care) in non-taxable? Optional Information: yucaipa , California Already Tried: irs web site Tammy Fa… read more
Tammy F.
Tammy F.
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