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Hiring a part time child care question

1,250 Views | 8 Replies | Last: 5 yr ago by babyshark
babyshark
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We're hiring a girl starting tomorrow to help my wife with our twin babies until she goes back to work and the kids start daycare. M-F 6 hours per day $13/hr until April 1. Are we ok to pay cash or do we need to do something to report paid wages?
Casey TableTennis
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AG
If they are under 18, you are safe from paying nanny taxes. Also, if you pay her less than $2,100 (I think), you are safe. At the hours/rate you described, looks like you might go over $2,100.

Not a CPA.
babyshark
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Thanks , over 18 for clarification
CS78
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babyshark said:

Thanks , over 18 for clarification
better safe than sorry!
babyshark
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CS78 said:

babyshark said:

Thanks , over 18 for clarification
better safe than sorry!

Exactly. I told my wife to make sure the nanny is over 18 if she's hot!
Martin Q. Blank
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What is a part time child?
Waltonloads08
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AG
That is super cheap.

Unless you know them, make sure you do background checks and have references.
combat wombat™
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AG
A nanny is an employee. Whether you pay cash or not, you are expected to pay payroll taxes (you can pay both the employer and employee shares, if you like), remit to state and federal governments, and file appropriate payroll tax returns on a quarterly and/or annual basis. You have to provide her with a W-2.

Edit: none of this applies if your payments to the nanny don't meet certain thresholds.
rolli111
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It seems to me that it is better to be reinsured.
babyshark
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After talking to my wife I realize that the total will actually be under $2100. Google seems to agree that we're good as long as we're under that total.
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