https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Fri, 17 Apr 2026 23:01:55 +0000 https://boards.hellobee.com/topic/nanny-tax-question#post-940507 Thu, 18 Jul 2013 06:26:36 +0000 honeybear 940507@https://boards.hellobee.com/ <p>Getting an EIN is easy. You just call the IRS and they hook you up! I think it took 2 minutes. You're responsible for the employer share of FICA (payroll taxes). You can pay the nanny's share too and gross up her income (we did this--it meant more $ for her). You give your nanny a W-2 by the end of Jan. You usually don't have to withhold on household employees. </p> <p>Don't forget about state taxes. </p> https://boards.hellobee.com/topic/nanny-tax-question#post-927127 Fri, 12 Jul 2013 13:28:15 +0000 BKCaribBaby 927127@https://boards.hellobee.com/ <p>We are in the process of starting a nanny search. My DH called Breedlove yesterday and was impressed by the customer service and what they were offering. </p> https://boards.hellobee.com/topic/nanny-tax-question#post-927091 Fri, 12 Jul 2013 13:19:36 +0000 Torchwood 927091@https://boards.hellobee.com/ <p>I was unable to do the "under the table" route as a nanny, because my husband works in tax software and would automatically lose his job if caught in any way fudging the taxes. I had one employer who did all the research and set everything up himself, and another who went with an accountant. From what they said, the accountant was well worth the cost (which wasn't high). </p> https://boards.hellobee.com/topic/nanny-tax-question#post-926998 Fri, 12 Jul 2013 12:47:29 +0000 irene 926998@https://boards.hellobee.com/ <p>Some of the things I bookmarked back in the days:</p> <p>I used this to calculate my budget:<br /> <a href="https://secure.gtmassociates.com/calculator.aspx" rel="nofollow">https://secure.gtmassociates.com/calculator.aspx</a></p> <p>Agencies for doing nanny taxes at a fee:<br /> <a href="http://www.breedlove.com/" rel="nofollow">http://www.breedlove.com/</a><br /> <a href="http://payprep.com/default.asp" rel="nofollow">http://payprep.com/default.asp</a> </p> https://boards.hellobee.com/topic/nanny-tax-question#post-926974 Fri, 12 Jul 2013 12:41:41 +0000 irene 926974@https://boards.hellobee.com/ <p>10-99 is not legal, according to IRS. Nanny must be an employee (receive a W2) to be considered "legal", if she works for more than 30 hours a week (please double check on that). I called IRS to confirm that back in the days lol</p> <p>My husband does all the nanny tax and apparently it is a pain but he did it using an excel spreadsheet. you have to obtain an EIN. Sorry I am not quite sure what he did so I am of no help....</p> <p>Apparently you could hire accountants to do your payroll taxes at a manageable fee.</p> <p>Looking back, if I had a choice, I probably would rather do it under the table.... there are so much more options in terms of nanny selection (many prefers to be under the table, or pay their own taxes as a contractor for some reason), and I would have much more freedom to terminate the relationship if I needed to. Back then I felt so tied to the nanny tax system (because it was quite complicated to set one up), I just can't really terminate the relationship with our nanny because I didn't want to go through the pain of setting up another system for another nanny again.... but that's just me. Husband prefers doing it legally. </p> https://boards.hellobee.com/topic/nanny-tax-question#post-922614 Thu, 11 Jul 2013 12:51:06 +0000 JessKas 922614@https://boards.hellobee.com/ <p>I work as a nanny and pay my taxes as an independent contractor, which isn't really legal on their part. Because I work on their schedule, I'm technically an employee and they should be paying a portion of the taxes and giving me a W-2. I think if you want to be on the up and up you need to pay your nanny as an employee. There are services you can hire to make this easy. </p> https://boards.hellobee.com/topic/nanny-tax-question#post-922521 Thu, 11 Jul 2013 12:35:43 +0000 Bao 922521@https://boards.hellobee.com/ <p>I'm not exactly sure how this works, but hopefully someone can help! </p> https://boards.hellobee.com/topic/nanny-tax-question#post-915600 Tue, 09 Jul 2013 12:27:30 +0000 MrsH 915600@https://boards.hellobee.com/ <p>LO is due in January and I'm starting to look at care options.</p> <p>If you have a part time nanny (a couple of days a week) or a full time nanny how do you handle the tax issues? my understanding is that Families are responsible as household employers for payroll taxes etc. </p> <p>Any other issues I need to be aware of? </p>