Why isn’t childcare a business expense?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What "business" are you operating that you would deduct such expenses?

OP here. I’m a dermatologist with a solo practice.

So? How is child care a business expense?

Because, for the next few years, I need my nanny in order to run my practice. This is normal and reasonable.
If I wasn’t working, I wouldn’t need her.

Can you hire your nanny as an employee of your business?

What would be the business justification of employing a nanny? Unless it was a nanny who looked after the children of any of OP's staff, on site.

Who cares what the business justification is? OP is the sole owner of the business and the sole practitioner. The business justification is the same as hiring a bookkeeper: without that person, OP cannot do her work.

DP
The IRS cares, and they do not allow this. Look it up.

There is a tax credit for employers that provide child care as a benefit for their employees but this would not help OP.

If I were OP, I'd probably just hire the nanny and take my chances that the IRS would ever figure it out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What "business" are you operating that you would deduct such expenses?

OP here. I’m a dermatologist with a solo practice.

So? How is child care a business expense?

Because, for the next few years, I need my nanny in order to run my practice. This is normal and reasonable.
If I wasn’t working, I wouldn’t need her.

Can you hire your nanny as an employee of your business?

What would be the business justification of employing a nanny? Unless it was a nanny who looked after the children of any of OP's staff, on site.

Who cares what the business justification is? OP is the sole owner of the business and the sole practitioner. The business justification is the same as hiring a bookkeeper: without that person, OP cannot do her work.

DP
The IRS cares, and they do not allow this. Look it up.

There is a tax credit for employers that provide child care as a benefit for their employees but this would not help OP.

If I were OP, I'd probably just hire the nanny and take my chances that the IRS would ever figure it out.

[Anonymous]

People that work overseas get these expenses covered as part of their compensation package.