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How to rectify this nanny tax error?

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  • How to rectify this nanny tax error?

    Last year we hired help on an intermittent basis that evolved into regular nanny services for a few hours on a daily basis.  I am in the process of setting up a payroll service but not sure if I should set a new "hire" date in the near future once everything is set up or retrofix the prior months which can be onerous and rather awkward.

  • #2
    If I am interpreting "retrofix" (?) correctly, you are asking if you should report hours for this nanny beginning 1/1/17? If so, the answer is "yes". Otherwise, your W2 and annual reports will be false. You might consider reporting YTD in the 2nd quarter of 2017.
    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #3
      What about payments in 2016?

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      • #4




        What about payments in 2016?
        Click to expand...


        Are you sure you paid enough to necessitate filing? If so, check to see if the nanny reported before you file and pay both his/her taxes and your own.

        Bottom line: do whatever your CPA recommends.
        Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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