Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Schedule H for Household Employee Taxes. Who Needs to File?. That video is uploaded by Jason D. Knott at 2021-10-25T08:59:09-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [2Qp823kXLew]
| Name | Schedule H for Household Employee Taxes. Who Needs to File? |
| Video Uploader | Video From Jason D. Knott |
| Upload Date | This Video Uploaded At 25-10-2021 15:59:09 |
| Video Discription | If you hire household worker, you need to carefully assess whether the individual is an employee or a contractor. If the individual is deemed to be an employee of yours, you are now an employer. As a U.S. based employer, you as an individual are now required to withhold payroll taxes, pay payroll taxes (Social Security & Medicare), and pay State Unemployment Taxes (SUTA) and Federal Unemployment Taxes (FUTA). The responsibilities of being an employer are immense. In this video, I discuss the following topics for a taxpayer that hires a household employee: 1. Employee vs. contractor worker classification 2. Apply for an EIN for payroll purposes 3. Schedule H, Forms W2 & W3, Forms 941 & 940 4. Federal payroll tax withholding and matching 5. State & Federal Unemployment Taxes For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #IRS #NannyTax #HouseholdEmployee 2Qp823kXLew |
| Category | Education |
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