Originally posted by: CPA
Here's the dilemma:
If you pay her "under the table" then you lose the ability to claim the Child Care Credit.
And if you do, then she has to claim the income.
Being a CPA, ethically, I would have to say that you and her need to report it. But, it's your call.
Originally posted by: MomAndSkoorbaby
Originally posted by: CPA
Here's the dilemma:
If you pay her "under the table" then you lose the ability to claim the Child Care Credit.
And if you do, then she has to claim the income.
Being a CPA, ethically, I would have to say that you and her need to report it. But, it's your call.
I was wondering about that and the law....if we did claim it, would we just offer her more since she too has to claim it?
AND what does claiming the "child care credit" mean exactly?
Originally posted by: MomAndSkoorbaby
Originally posted by: CPA
Here's the dilemma:
If you pay her "under the table" then you lose the ability to claim the Child Care Credit.
And if you do, then she has to claim the income.
Being a CPA, ethically, I would have to say that you and her need to report it. But, it's your call.
I was wondering about that and the law....if we did claim it, would we just offer her more since she too has to claim it?
AND what does claiming the "child care credit" mean exactly?
Originally posted by: Citrix
my wife charges $6.00 an hour and is under the table.
Originally posted by: bunker
What happens when you claim the child tax credit:
On the forms, you enter the amount you are claiming as well as the child care provider's name address and social security/tax id number.
The IRS will then be expecting her to claim it as income.