We have my sister living with us and nannying for my son. I know you don't have to withhold taxes for parents that watch kids, but what siblings? FWIW, I had planned on it, but someone said it wasn't required...need ground truth. |
It's not the relationship that counts, it's the $$$$$$.
How much are you paying her a week? |
Not true. Relatives do not have to be taxed. |
Source? Always verify stuff like this, OP. |
It looks you have to pay taxes unless the care taker is your parent. See IRS Pub. 926. Scroll to page 4.
http://www.irs.gov/pub/irs-pdf/p926.pdf |
+1 |
Thank you for the link, 9:34. It's amazing how adamant some people are here, when they have no clue what they're talking about. |
Thanks for that information. It's always nice when people back up an argument with solid links. |
There's a difference with a fact vs. an opinion. |
Exactly.. That's why one must never listen to an opinion of anyone on here. It's also why many asked for links. |
Sometimes people are looking for different opinions, FYI. |
And sometimes for simple facts, FYI. |
Hence, the word "sometimes". |