IRS issues nanny tax reminder...The IRS reminds taxpayers not to overlook their responsibilities under the nanny tax. If you employed a housekeeper, nanny, gardener, or other household worker in 2014, you may have payroll tax obligations, commonly called the nanny tax. These payroll taxes apply if you paid a household worker $1,900 or more in 2014. Federal unemployment taxes apply if you paid more than $1,000 to all domestic employees in any quarter. Your filing obligations must be met by February 2, 2015. Its not always easy to tell whether a given worker comes under the nanny tax rules. For more details or filing assistance, contact our office.
Posted on: Mon, 22 Dec 2014 18:45:25 +0000
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