Nanny taxes are due with the family's personal income tax filing - April 15th this year. The Associated Press recently published this primer for families who employ household workers, consulting with HomeWork Solutions in the preparation of the article.
All too many families believe they can avoid these taxes by calling their caregiver an independent contractor - a risky proposition when the IRS is both offering nanny tax amnesty and signaling stepped up enforcement.
Other families wait too long, believing compliance is just an additional form on their personal tax return and not realizing that W-2 forms must be presented to their household workers so they can complete their tax filings too, and overlooking state unemployment tax filings.
It's Not Too Late!
HomeWork Solutions' trained nanny tax specialists are available to help you catch up with your 2012 Nanny Tax obligations. We can also assist you to stay on track going forward, as we are currently preparing nanny tax filings for the first quarter of 2013. Call us today for a free consultation - 800.626.4829.