It’s the time of year where tax preparations begin. The following reports are available in My Food Program and may be helpful for tax preparation. These reports are used most often by family child care homes. Click each report image below to visit our Help Center article for more details.
See more: Reports for Parents | Reports for Providers
REPORTS FOR PARENTS
W-10 Report
If your providers or centers used our invoicing feature to track invoices and payments, then the W-10 report will generate the yearly summary of amounts paid on a W-10, pre-filled with the site’s name and contact information and provide a total amount paid for the calendar year.
REPORTS FOR PROVIDERS
Income and Expense Tax Reports for Family Child Care Providers
This report is a combination of four separate reports in My Food Program: Revenue Summary Report, Reimbursements by Calendar Year, Expense Summary Report and Standard Meal Allowance. See what each report includes below.
Revenue Summary Report:
This report shows each household with their total amount paid for given year so that sites can compute their annual income from child care services.
Standard Meal Allowance:
Family child care providers can deduct all of the costs of providing food to the children in their care on their taxes on IRS Form 1040 Schedule C in Part V. This report uses the standard meal allowance method, which adds up all the meals and snacks that you served to the children in your care, takes away any meals served to your own children, and multiplies the totals by the Tier I rate.
Expense Summary Report:
This report is useful for any sites that are tracking expenses in My Food Program. For family child care providers, the expenses are separated into categories that match IRS Schedule C for Form 1040 and IRS Forms 8829 and Form 4562.
Reimbursements by Calendar Year:
The IRS considers income from the CACFP as taxable. This report will tell you how much money you have received in CACFP reimbursements over the calendar year so that you can file accurate taxes.