ERIC Number: ED444744
Record Type: Non-Journal
Publication Date: 2000
Reference Count: N/A
Hiring a Nanny: Your Tax Responsibilities as an Employer.
Many parents who choose to hire someone to provide child care in their home find that locating the right person to provide reliable and loving care can be difficult and that understanding their tax responsibilities is a major challenge. This booklet, directed to parents, details guidelines for selecting an in-home child caregiver and for meeting the tax responsibilities involved. The following topics are discussed: (1) finding an in-home child caregiver; (2) sharing an in-home child caregiver; (3) what your child needs; (4) choosing a caregiver; (5) signing a contract; (6) hiring a caregiver, including federal tax requirements, eligibility of the employee, employer identification number, new hire reporting requirement, minimum wage, federal income tax withholding, Social Security and Medicare taxes, federal unemployment taxes, earned income credit, reporting deadlines for federal tax forms, state tax requirements, state unemployment taxes, and workers' compensation; (7) an example illustrating the tax liability for hiring an in-home caregiver; (8) tax credits; and (9) liability and property insurance. The booklet's appendix lists tax and other forms needed. (KB)
Descriptors: Child Caregivers, Compliance (Legal), Employer Employee Relationship, Employment Practices, Legal Responsibility, Parents, Taxes
Redleaf Press, 450 North Syndicate, Suite 5, St. Paul, MN 55104; Tel: 800-423-8309; Web site: http://www.redleafpress.org; e-mail: firstname.lastname@example.org.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: N/A