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The IRS has Issued a “Nanny Tax” Reminder

 

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The IRS reminds taxpayers not to overlook their responsibilities under the “nanny tax.”

If you employed a housekeeper, nanny, gardener, or other household worker in 2014, you may have payroll tax obligations, commonly called the nanny tax. These payroll taxes apply if you paid a household worker $1,900 or more in 2014. Federal unemployment taxes apply if you paid more than $1,000 to all domestic employees in any quarter. Your filing obligations must be met by February 2, 2015. It’s not always easy to tell whether a given worker comes under the nanny tax rules. For more details or filing assistance, contact our office.

For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

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