Is your tax “house” in order?

Description

Abstract: If you use household employees — such as nannies, gardeners, housekeepers, cooks or health care workers — it’s important to understand your tax obligations. If you fail to pay employment taxes, you risk substantial back taxes, penalties and interest. This brief article asks these key questions: “Are you a household employer?” “What are your tax responsibilities?” and “When do you pay the taxes?” And then it provides the answers so you can better understand your tax responsibilities in regard to household employees.