If you have someone over 18 that you have hired as a nanny, housekeeper, maid, private nurse, caretaker, butler, or personal assistant and they work in your home then you likely will owe the employment taxes for your household worker. If you pay a person more than 1,700 in 2010 then you must worry about this tax. You will report the salary at the end of the year on a form W-2 and also on your personal tax return. You will be responsible for submitting the social security taxes on their wages, as you are the employer. For more info on this aspect of income tax,
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The content on this blog (www.acollinscpa.blogspot.com) is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. It should not be relied upon as specific tax advice for your personal situation. I strongly suggest that when it comes to filing your taxes, you get additional, professional guidance from individuals who are familiar with your specific circumstances. Those who choose to rely solely upon the information on this site do so at their own risk and peril, and cannot hold the author liable in any form or fashion.
IRS CIRCULAR 230 DISCLOSURE REQUIREMENT: IRS Circular 230 requires us to notify you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed by law.
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