Personal finance expert Jane Bryant Quinn recently discussed the "nanny taxes" on the popular TV show The Street - stressing that these are not just for nannies! We have posted often about the obligations of families who hire cleaning ladies, maids, and senior caregivers to report and pay the employment taxes. The IRS recently announced an IRS Nanny Tax amnesty program, promising stepped up enforcement going forward.
Ms. Quinn's presentation is short and totally on point:
(The Street)
HomeWork Solutions has worked with thousands of families nationwide for over 20 years helping them understand and solve their "nanny tax" headaches. We offer free telephone consulations - call us at 800.626.4829 today. Go Ahead - Simplify!