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Reply to "1200 a month -CASH - 55 hrs a week"
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[quote=Anonymous][quote=Anonymous]According the IRS you're allowed to accept cash up to a certain amount from an employer per year, without paying taxes. I think $1200 is under that limit.[/quote] 1. She worked 2 months, so it was $2400. 2. You don't have to pay social security or medicare if it's less than $2000 for the year, but you still are supposed to report it and pay income taxes. In this case, the deal was that it was an off-the-books (illegal, but, whatever) cash deal. So the IRS rules are irrelevant. I just want to make sure nannies don't get the wrong information.[/quote]
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