Hello,
I have a soon to be 2 year old son. His grandparents wish to pay him $500 this year for baby modeling for their business and I want to make sure I fill out all tax related forms correctly.
I read this CrispyDoc link breaking it down: https://www.crispydoc.com/2018/07/02...dren-to-model/
I apologize in advance for the rudimentary questions but I really have no idea what I'm doing with this:
1) Do the grandparents send the completed W-4 and I-9 to the IRS? How do I know were to send the form?
2) If they payment is to be made before the end of the year (in 2020) which years W-4 from am I supposed to fill out? 2020 or 2021?
3) Is this the correct I-9 form? https://www.uscis.gov/sites/default/...er-version.pdf
4) How do I go about filing a W-2 and W-3? I'm guessing the Grandparents have to file this somehow as the employer.
Any other tips would be appreciated if you think it might make the process easier.
I have a soon to be 2 year old son. His grandparents wish to pay him $500 this year for baby modeling for their business and I want to make sure I fill out all tax related forms correctly.
I read this CrispyDoc link breaking it down: https://www.crispydoc.com/2018/07/02...dren-to-model/
I apologize in advance for the rudimentary questions but I really have no idea what I'm doing with this:
1) Do the grandparents send the completed W-4 and I-9 to the IRS? How do I know were to send the form?
2) If they payment is to be made before the end of the year (in 2020) which years W-4 from am I supposed to fill out? 2020 or 2021?
3) Is this the correct I-9 form? https://www.uscis.gov/sites/default/...er-version.pdf
4) How do I go about filing a W-2 and W-3? I'm guessing the Grandparents have to file this somehow as the employer.
Any other tips would be appreciated if you think it might make the process easier.
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