The "Nanny Taxes"
Home/Work Solutions: www.4nannytaxes.com (800) NaniTax [626-4829]
All families who employ a nanny, housekeeper, or other domestic (household) worker are subject to the rules surrounding the "Nanny Taxes." Fortunately, there are solutions for household payroll and employment taxes that help families keep it simple.
Home/Work Solutions specializes in providing domestic employers and their tax preparers real solutions for nanny tax compliance.
Since 1993, when we first offered our NaniTaxsm and NaniPaysm
services, we have forged a reputation as experts in the field of household employment taxes. As a result, Home/Work Solutions
has been able to lift the heavy burden of "nanny taxes" from thousands of busy tax professionals and individual employers. Our
nationwide service area and fixed fee schedule supported by a trained, professional staff have made us the preferred choice of
individual employers, placement & referral agencies, and busy tax professionals alike.
Do your annual household staff wages exceeding $1400 in a calendar year? [CY2003] If so, you are required to disclose these wages on your personal federal income tax return. Your payroll tax obligations may include: Social Security, Medicare, Federal Unemployment Tax (FUTA), state unemployment and disability insurance taxes, and advance payment of earned income credit for eligible employees. As an employer, you are required to remit your employee's Social Security and Medicare taxes.
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