
IRS Wants to Allow Truncated Social Security Numbers to Help Prevent Identity Theft
The IRS wants to allow truncated Taxpayer Identification Numbers on Form W-2 to hide an individual’s Social Security Number from identity thieves.
The IRS wants to allow truncated Taxpayer Identification Numbers on Form W-2 to hide an individual’s Social Security Number from identity thieves.
Although paying “off the books” gives the employee more income and saves families from the extra paperwork, it is illegal and can make you liable for unpaid taxes, interest, and penalties. Follow these 14 steps to nanny tax compliance to ensure you are following employment laws.
For household employers, worker classification refers to whether a worker is classified as an employee vs. independent contractor for federal and state employment tax purposes.
Even if you’re not being questioned by a Senate panel, you can still be exposed for paying under the table. Here are some examples of why paying nanny taxes is not just for government officials, and how anyone can be exposed for breaking the law.