Search SEARCH

How do i prepare for taxs for next year for a self employed nanny job?

I need to know how to go about doing taxs for my nanny job that i started. I am not going through an employer, i am self employed. The people that I am working for will be claiming it on their taxs. Any help would be appreiciated.

Asked By: fruitloop247 - 4/10/2008
Best Answer - Chosen by Asker
if your employer is not withholding taxes from you,, if you will receive a 1099 from them or just report your income as self-employment, you will need to pay in a tax estimate each quarter. The tax estimate is figured and payed on form 1040ES. You can get this form on the IRS web site along with instructions and... More
Answered By: jeff p - 4/10/2008
Additional Answers (1)
Keep good records. You need to decide with your employer if you are going to be a independent contractor or an employee. As an independent contractor, you are responsible for all taxes including social security. If you are an employee, the employer must withhold taxes, and pay 1/2 of your social security... More
Answered By: fafnir - 4/10/2008
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
Local Positions Open in Your Area. Hiring Now - Apply Today!
Local.Jobs2Careers.com
Click. Search. Apply. Free!
www.JobDiagnosis.com
Get Your Degree Online Sooner than You Think. Financial Aid Options
Degree-Accredited.com/Degree

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-302
eTrustLogo