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Childcare other than Daycare and Preschool
Reply to "Night nanny tax question"
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[quote=Anonymous]With the hours listed and an assumed salary that the nanny will surpass either the quarter or yearly monetary threshold set for household employees by the IRS, it really seems the agency is misclassifying its employees as 1099s vs W-2s, which seems to be the norm for these types of gigs. Whether this will come back to haunt you with an IRS audit, it’s up to you to take the risk since the IRS is very clear on the regulations for household employees.[/quote]
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