I don’t know if I should be so excited about this, but kudos to the IRS…
We’re paying one of our mother’s helpers more than the maximum for under-the-table income. Because I might someday be appointed to government office (and also because I was “brought up right” and am naturally a rules follower) that means I have to figure out the whole nanny tax thing.
The calculations for taking money out of the paycheck hurt my head, so we’re going to figure all of that out later.
However, the first step is to fill out an SS-4 to request an Employee Identification Number (EIN). The form is really icky and hard to understand. But! Now the IRS has an online version that asks a few questions and makes it super super easy!
So yay easy!
Still not looking forward to the I9 and W-whatever and actually paying the taxes and so on, but any streamlining is appreciated.
Have you paid the “nanny tax” before? Any tips?