Thursday, December 31, 2009

My teenage daugher babysits. What info is she required to give her employer to complete their taxes.?

Is Tax form 990 required? or simply providing her SS# sufficient?My teenage daugher babysits. What info is she required to give her employer to complete their taxes.?
They'll need her ss# if they are claiming her babysitting for a child care credit. They might or might not give her a 1099 for the amount they paid her - they probably won't. That doesn't change it being taxable income to her and she'd have to report it and pay taxes on it if it's over $400 for the year.My teenage daugher babysits. What info is she required to give her employer to complete their taxes.?
I believe that just her social is needed. Be aware though that this means her income is being reported to the IRS and she will need to file a tax return. I doubt that the parents withheld any federal tax, so your daughter may end up having to pay the IRS.





Good Luck!
Her SS # and address is probably required. It is possible that they could 1099 her. We have a small business and use 1099's to report our sub-contractors of their income but we only required send one if they have made over $600. I believe if her income exceeds over $600 per year then she will have to pay taxes. If you are unsure about this I would call your local tax preparer like Jackson Hewitt or H %26amp; R block.
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