IRS issues "nanny tax" reminder

The IRS reminds taxpayers not to overlook their responsibilities under the "nanny tax."

If you employed a housekeeper, nanny, gardener, or other household worker in 2014, you may have payroll tax obligations, commonly called the nanny tax. These payroll taxes apply if you paid a household worker $1,900 or more in 2014. Federal unemployment taxes apply if you paid more than $1,000 to all domestic employees in any quarter. Your filing obligations must be met by February 2, 2015. It's not always easy to tell whether a given worker comes under the nanny tax rules. For more details or filing assistance, contact our office.

DiSabatino CPA
Michael DiSabatino
651 Via Alondra Suite 715
Camarillo, CA 93012
Phone: 805-389-7300
ww.sharpcpa.com

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