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'Nanny Tax' Could Trip Up More Taxpayers This Year
Source:
nbcnews.com/business/taxes/nanny-tax-could-trip-more-taxpayers-year-n544341
- Mar 25, 2016
by Martha C. White
Should you be worried about the dreaded "nanny" tax?
While the growing gig economy implicitly treats service providers as independent contractors, families who hire people to watch their kids, clean their houses, or perform other household tasks need to make sure they don't inadvertently run afoul of regulations this year that classify them as employers with wage and tax obligations.
For people looking to hire workers, the lure of getting a service performed cheaply could come with an expensive downside if they inadvertently take on an employee, then wind up having to pay back taxes or penalties.
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Category: IRS
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