Preparing form W-2 for your household employee.

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Dept. of the Treasury, Internal Revenue Service , [Washington, D.C.?]
Income tax -- United St
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Open LibraryOL18047390M

Hiring Your Spouse as an Employee - Get this from a library. Preparing form W-2 for your household employee. [United States.

Details Preparing form W-2 for your household employee. FB2

Internal Revenue Service.]. Household Employee: An individual who is paid to provide a service within a residence. Examples include babysitters, nannies and housekeepers. Independent. One of your tax housekeeping tasks in connection with your employee is the filing of Form W-2 for your employee.

This tax deadline is Jan. 31, unless that date falls on a weekend or federal holiday.

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For more on a form W-2, see this video: You'll also need to submit a form W-3, Transmittal of Wage and Tax Statement, to IRS. A form W-3 is a Author: Kelly Phillips Erb. Form W-2,   if you had The various forms that report other income you received, such as dividends (Form DIV),   interest (Form INT),   and non-employee.

Instead, provide the employee with a form W-2, Wage and Tax Statement, and begin the process of withholding and submitting Social Security, Medicare and income taxes to the IRS on behalf of both.

For many folks, the W-2 form is the backbone of the tax return.

Description Preparing form W-2 for your household employee. PDF

In order to prepare a correct tax return, it's important that you read and understand the information reported on your W-2 form. Household Employers' Payroll Taxes. The IRS requires household employers to contribute percent of their nanny’s earnings to cover payroll taxes, which are Social Security and Medicare.