Keep in mind that the nanny tax may apply to all household workers, including housekeepers, babysitters, gardeners, or others who aren’t independent contractors.
Category Archives: Employment Tax
Hiring independent contractors? Make sure they’re properly classified
April 27th, 2020 by Douglas Freeman
Posted in (CARES ACT), Coronavirus Aid (CARES Act), COVID-19, Employees, Employment Tax, Federal Income Tax, Form 1099-Misc, Independent Contractors, Internal Revenue Service (IRS)
Tags: FICA, FUTA, IRS Form SS-8
The question of whether a worker is an independent contractor or an employee for federal income and employment tax purposes is a complex one.
Relief from not making employment tax deposits due to COVID-19 tax credits
April 13th, 2020 by Douglas Freeman
Posted in (CARES ACT), Coronavirus Aid (CARES Act), COVID-19, Employees, Employment Tax, Federal Income Tax Filing, FICA
Tags: Employee Wages, Employment Tax Penalty, Estimated Taxes, Families First Coronavirus Response Act, Interest Penalties, IRS Notice 2020-22, IRS Notice 2020-23, Late Filing
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to the coronavirus (COVID-19) pandemic.
The “nanny tax” must be paid for more than just nannies
July 24th, 2019 by Douglas Freeman
Posted in Employment Tax, Federal Income Tax, Federal Unemployment (FUTA Tax, Form SS-4, Form W-4, Nanny Tax, Social Security & Medicare (FICA) taxes
Tags: Childcare, Employment Tax Return, Gardner, Household Worker, Record Keeping
Hiring a housekeeper, gardener or other household employees may make you liable for federal income and other taxes.
Employers: Be aware (or beware) of a harsh payroll tax penalty
June 3rd, 2019 by Douglas Freeman
Posted in 100% Penalty, Employment Tax, Federal Income Tax, Internal Revenue Service, Social Security, Trust Fund Recovery Penalty
Tags: Delinquent Payroll Tax, Director, Employee, Lein, Levy, Officer, Owner, Payroll Tax Penalty, Personal Liability, Shareholder
If payroll taxes withheld from employees’ paychecks aren’t remitted to the IRS, a tax penalty can be imposed on “responsible” individuals
How to avoid getting hit with payroll tax penalties
July 9th, 2018 by Douglas Freeman
Posted in Employment Tax, Federal Income Tax, Federal Taxes, Individual Income Tax, Payroll Service, Payroll Tax, Small Business, State Tax, Tax Cuts and Job Acts (TCJA)
Tags: Fail to Remit Taxes, Payroll Penalties, Payroll Tax, Tax, TCJA
Small-business owners can face a harsh penalty if payroll taxes aren’t remitted to the federal government.
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