nanny tax question

[Anonymous]

I am working as a temp nanny for a few weeks and we agreed not to withdrawal taxes. Anyway, the family is asking me to sign a document with my hours and pay. Should I be worried?

[Anonymous]

I'd be worried and wouldn't sign.

[Anonymous]

Do they have your social?

[Anonymous]

Anonymous wrote:Do they have your social?

No, not that I am aware of. They ran a background check but I never gave them my social security number.

[Anonymous]

How did they run a background check without your social? And how do you not know if they have your social? Did you give it to them?

[Anonymous]

Anonymous wrote:How did they run a background check without your social? And how do you not know if they have your social? Did you give it to them?

through Care.com

[Anonymous]

You should only be worried if you are planning to commit tax fraud.

[Anonymous]

If you both agreed you won't take out taxes, they probably want the hours and pay sheet so there is no confusion regarding pay.

I work for cash and my bosses and I use a paper for that purpose.

Once I thought my boss had paid me and she said she didn't. We went back and forth over it and then just agreed to make a sheet so we could keep track.

Yet we agreed we wouldn't claim it on taxes or anything.

Just make sure you trust them to a "T."

[Anonymous]

Here's the thing. You should have no paper trail whatsoever. They could decide last minute they want to claim taxes to get some type of break. So companies offer reimbursement for childcare outside of a flex spending account. They need you hours and proof of payment to show their employers. I had a woman who worked at a hospital who needed such information for a temporary position. She told me why. Besides if they pay you less then $1800 they ain't responsible for taxes anyways but you are

[Anonymous]

Anonymous wrote:Here's the thing. You should have no paper trail whatsoever. They could decide last minute they want to claim taxes to get some type of break. So companies offer reimbursement for childcare outside of a flex spending account. They need you hours and proof of payment to show their employers. I had a woman who worked at a hospital who needed such information for a temporary position. She told me why. Besides if they pay you less then $1800 they ain't responsible for taxes anyways but you are

Op here: I will make around 1400. Why would I be responsible and not them?

[Anonymous]

If a family pays you less than $1900 (in 2014) then the law says they have no tax obligations.

Nannies are always responsible for claiming all of your income and paying the required taxes.

http://nannybizreviews.com/2014/02/10-essential-tax-lessons-every-nanny-needs-to-know/

[Anonymous]

I wouldn't sign anything that admits I'm knowingly breaking the law.

[Anonymous]

Anonymous wrote:I wouldn't sign anything that admits I'm knowingly breaking the law.

the thing is I'm not because we wonyt go over 1900

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wouldn't sign anything that admits I'm knowingly breaking the law.

the thing is I'm not because we wonyt go over 1900

Yes you are, OP. Did you click on the link the PP showed?

In the upcoming year, if you earn less than $1,900 your employers don’t have to report your wages, withhold taxes, or give you a W-2. But you still have to report those wages and pay federal and state taxes on them - See more at: http://nannybizreviews.com/2014/02/10-essential-tax-lessons-every-nanny-needs-to-know/#sthash.so8dhEsR.dpuf

[Anonymous]

Because under $1900, the IRS doesn't consider you an employee; they consider you self-employed. So you pay all of your taxes.