Posted by MJN on 18:59 Jan 11
that he hadn't figured up how much he had paid her last year, but if it was over $700 then he'd have to report it. I'm pretty sure she has. Is it true that babysitters have to pay taxes if they make more than $700? We haven't been putting anything aside. I don't even know how to file for her. Can somebody help me here? I know if she was working for Chik Fil A or the like that they would be taking out taxes on her. Is she considered self-employed? Will she have to file a 1099 and pay taxes at a higher rate? HELP!!!
Many thanks,
Molly