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Do You Owe the Nanny Tax?

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 who has to file taxes and the obligation of families who hire cleaning ladies, maids, and senior caregivers to report and pay household 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 answered tax questions for over 25 years—working with thousands of families nationwide to help them understand and solve their household payroll and nanny tax headaches. We offer free telephone consultations – call us at 800.626.4829 today. Go Ahead – Simplify!

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