Earlier quoted context omitted.
If they’re trying to follow the rules, then they can’t just fill out a 1099-MISC. A babysitter one of the examples specifically called out as a household employee in the IRS guidance[1], so if you’re doing it right you should be running payroll. That’s pretty tricky to DIY properly. [1] https://www.irs.gov/taxtopics/tc756
I can see doing this for a nanny, but surely no one is jumping through all these hoops for ad-hoc, hourly babysitting? Any of the random highschoolers or college kids I've used would look at me like I was crazy if I tried to set them up on payroll lol.
Claiming high user satisfaction, IRS will decide on renewing free tax site
81–90 of 288 posts
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#82Earlier quoted context omitted.
Liberty and privacy are fashionable. The problem is that our Congress passes hundreds of pages of domestic spying legislation in the middle of the night. It’s not exactly the School House Rock democratic process we learned about in 4th grade. But that’s really beside the point. If you are like millions of other Americans filing W2s, the fact that you work for your employer isn’t a secret. Your salary isn’t a secret.…
> the fact that you work for your employer isn’t a secret I would prefer if it was. It's even worse than that, the government has entitled itself to be a party to every transaction over $600, so even the self employed have to shoulder this unseemly burden. > Your salary isn’t a secret It is. It's a shared secret. Again, I would prefer if I didn't have to do this. My salary is not at all the same as my "taxable income…
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#83Earlier quoted context omitted.
The anti tax republicans believe that if Americans had an easier time filling their taxes then they would have less objections to the same or higher level of taxation. https://www.npr.org/2013/03/26/175332655/what-would-the-u-s-...
They're probably right about that?
And then to find out one political party would prefer that I suffer so I’ll vote the way they want? Yeah, fuck those guys, I’m voting for the other ones.
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#84Listening to Congress “debate” this made me unreasonably upset. If you as a sitting politician have received monetary benefits from a tax filing service you should not be allowed to speak.
>> If you as a sitting politician have received monetary benefits from a tax filing service you should not be allowed to speak Should people who are receiving welfare benefits be allowed to vote?
With voting on passing legislation, the point is to choose what best represents the interests of your constituents, conflicts of interest matter because they may cause you to not properly represent the interests of your constituents. Self interest is not supposed to be the point.
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#85In the rest of the world in many places we have been filling taxes directly online for many years. Sorry Americans, you did not invent free electronic tax filing. You are at least twenty years late to the party.
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#86Earlier quoted context omitted.
It’s amazing how much of an idiot I felt like when we hired a babysitter for two days a week for about a year and then it came time to do things properly regarding taxes and her wages. I understand why it’s important to do it properly (for the employee’s benefit) but when I tried to look into what we had to do, as technically her employer, and it was nearly impossible for me to figure out what we had to do and then h…
Highly recommend a payroll service for this, like Poppins. It costs like $50/mo for a single employee, which is rounding error on nanny wages, and they do all the withholding and state tax filing for you. Then give you instructions on how to fill out federal tax Schedule H on your personal taxes (1040). I did it manually the first time around and it was a pain in the ass.
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#87Earlier quoted context omitted.
I guess it was originally done this way because in the past people actually had some semblance of privacy and the government didn't actually know a great deal about people's income. Eventually, privacy was eroded away year after year to the point where the government now knows an extreme amount about each citizen. I guess I'd refrain the question - instead of asking why do we need to do taxes when the government know…
Liberty and privacy are fashionable. The problem is that our Congress passes hundreds of pages of domestic spying legislation in the middle of the night. It’s not exactly the School House Rock democratic process we learned about in 4th grade. But that’s really beside the point. If you are like millions of other Americans filing W2s, the fact that you work for your employer isn’t a secret. Your salary isn’t a secret.…
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#88It’s amazing that 54% of adults in the United States have a literacy below 6th grade level, but it is expected for the same population to have the financial literacy to file their taxes accurately. Going further, the IRS already knows the details of most people’s taxes before they file, yet everyone is expected to complete what amounts to a complex task for many people. I cannot fathom why it is still done this way.
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#89Listening to Congress “debate” this made me unreasonably upset. If you as a sitting politician have received monetary benefits from a tax filing service you should not be allowed to speak.
>> If you as a sitting politician have received monetary benefits from a tax filing service you should not be allowed to speak Should people who are receiving welfare benefits be allowed to vote?
Re: Claiming high user satisfaction, IRS will decide on renewing free tax site
#90Earlier quoted context omitted.
> I guess it was originally done this way because in the past people actually had some semblance of privacy and the government didn't actually know a great deal about people's income. You still had to file taxes, though, so they would know about your income, if only a year behind. I read somewhere that tax withholding only started during WWII (and it was supposed to be temporary). It's really the withholding that wou…
It's not just withholding. Cost basis info on all stock market transactions are also provided to the IRS by your brokerage...
What about rental income?
What about expenses related to rental properties?
Lots of things the government doesn’t know…