Under new guidance from the IRS, household employers are required to report the amount of qualified sick and family leave wages paid to their workers under the Families First Coronavirus Act on Form W-2.
Owe nanny taxes? Here are six steps plus one bonus piece of advice for organizing your nanny taxes and being prepared when you need to file your return.
This may come as a surprise to some household employers but, yes, your nanny needs a W-2 at the end of the year. It’s the law. Ignoring this can land you in a heap of trouble with federal and state agencies. We’ll help you rectify this mistake.
The Social Security Administration is mailing notifications to employers who submitted Form W-2 that had mismatched employee information. Don’t ignore this letter! Take these steps to avoid future fines and penalties.
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