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Employer Issues
Reply to "Payment structure for nanny share"
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[quote=Anonymous]We're about to start a nanny share with another family, and all of us want to do everything on the books, and completely legally. Among other things, I've heard that the IRS requires that BOTH families have to create a corporation (with an EIN, quarterly filings, etc) and each pay the nanny separately. This seems like a huge headache. Does anyone know why we can't legally just have one family create the corporation, file the reports, pay the taxes, etc and then the other family (mine) would reimburse them for half of everything? My work doesn't have the option of a childcare flex spending account, so that's not the issue. To avoid audit problems, we could ask the host family to give us copies of all of the paperwork that they submit to the IRS, DC government, etc. What am I missing--why can't we legally just reimburse the other family? Or can we do this as long as we don't claim the childcare expenses as a deduction on our income taxes?[/quote]
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