Anonymous wrote:Anonymous wrote:Anonymous wrote:How about it helps with MY calculations to pay the AP exactly what the program rules say, $195.75 in order to track and document the exact annual childcare expense for tax deductions. Now, that's actually a calculation worth being exact about in case the IRS audits.
As long as you accurately report what you paid her, the IRS doesn’t care.
Then AP pays more in taxes since it is paid as stipend when lumped in, versus AP gets gifts separate and apart and do not have to report since it is under the gifting threshold. I wonder given this, would AP still want it counted as stipend and taxable or receive in form of a gift.
Anonymous wrote:Anonymous wrote:How about it helps with MY calculations to pay the AP exactly what the program rules say, $195.75 in order to track and document the exact annual childcare expense for tax deductions. Now, that's actually a calculation worth being exact about in case the IRS audits.
As long as you accurately report what you paid her, the IRS doesn’t care.
You’re in denial. We round up and have great set up. Walk to metro; AP drives her own small luxury suv; 2 school aged kids and only works 20 hours a week (summer may hit 40); travel vacations with private room and friend/bf from ooc. AP has nice room/private bath at home, gym membership and we are the AP “hang out”.
That being said, we still hear about the friend who travels with the lobbyists for work all over the country, or flies private air, or drives a newer BMW. The Hollywood dream seems to have abated for most, sake with NYC. Now it is perks and travel.
APs have raised the bar and expectations; realistic or not rounding up is the least you can do; unless you have a private jet then do not round up.
I am so sure HF in this world would ever step into the drama of the AP program. Thanks for the morning chuckle.Anonymous wrote:This is so silly. I bet that for every HF who pays $195.75 and provides personal car, suite, vacations, etc., there is a $200 rounder HF who gives nothing else all year and works her 45 hours and three weekends per month. Here is a great approach for APs, read the contract and expect it as written...then anything else will feel like a bonus. Also, for APs sitting around comparing $195.75 to $200...go do something fun!
Anonymous wrote:How about it helps with MY calculations to pay the AP exactly what the program rules say, $195.75 in order to track and document the exact annual childcare expense for tax deductions. Now, that's actually a calculation worth being exact about in case the IRS audits.
i would imagine that $4 a week is a lot more to her than you. insanely stingy for a person who you pay $4/hour for childcare. telling that this is the hill you want to die on.