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27 May

THE “NANNY TAX” MUST BE PAID FOR NANNIES AND OTHER HOUSEHOLD WORKERS

Many taxpayers employ household workers such as a cleaners or nannies who aren’t independent contractors. These employers may be required to withhold from their workers’ wages and pay Social Security and Medicare taxes, and possibly other taxes. This short article gives a rundown of what...

08:00 / Legal / Taxes
28 Jul

LOST YOUR JOB? HERE ARE THE TAX ASPECTS OF AN EMPLOYEE TERMINATION

Despite the robust job market, some people are still losing their jobs. For those who are laid off or terminated from employment, taxes are probably the last thing they’re concerned about. However, they may face tax implications when personal and professional circumstances change, and there...

09:00 / Insurance / Legal / Retirement / Taxes
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