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Nanny Taxes

Questions on Nanny Taxes

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Many families have questions on whether they need to pay the nanny on the books and what the repercussions may be with the IRS if they don’t follow the proper laws. We recommend GTM, one of the leading experts in this industry for over 25 years. They can answer all your questions regarding what your financial responsibilities are when employing a nanny or other type of household held. In the meantime, here are two great articles to read.

Seven Benefits of Domestic Law Compliance

The Benefits of Being Paid “On The Books”