Monthly Archives: January 2016

Childcare Provider Workshop January 23 San Diego


On January 23rd there will be a tax & recordkeeping workshop in San Diego and is a must-attend for individuals who run their own childcare business. You will learn how to save thousands of dollars by proper recordkeeping practices and techniques.  This workshop is packed with information you NEED to know!  The location is the YMCA Child Resource Service at 3333 Camino Del Rio South suite 400 San Diego, CA (Mission Valley).  Call 619-521-3055 to register.  The YMCA charges a $15.00 fee.  It’s well worth it! Continue reading

Canceled Debt – Is It Taxable or Not?


Canceled DebtIRS Answers,  ‘Canceled Debt – Is It Taxable or Not?’ has published the most recent writing from the IRS on the subject of canceled debt.

Cancellation of a debt may occur if the creditor cannot collect, or gives up on collecting, the amount you are obligated to pay. 

If you own property subject to a debt, cancellation of the debt also may occur because of a foreclosure, a repossession, a voluntary transfer of the property to the lender, abandonment of the property, or a mortgage modification.

To read the full article.  

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The Baby Name Wizard

For more than 30 years R. Patrick Michael has been preparing tax returns for individuals, small businesses, cottage industries and in-home child care providers. Pat is a recognized child care provider tax expert, and has been providing educational seminars for child care providers in San Diego County for the YMCA Child Resource Services for more than 18 years. bluehost india coupon Pat and his team have built a following that is comprised of long-term clients, new relationships and word-of-mouth referrals. Child Care Tax Specialists take care of their clients year-round with tax preparation, business entity creation and support, as well as tax planning for retirement, and estate planning.