Summary
It's every neighborhood's dirty little secret. Mom and Dad both work, they have a full-time nanny, and they pay her under the table. So what?
Employing a nanny without reporting and paying taxes on her income can end up costing big money, that's what.See the full content of this document
Extract
The Nanny Tax
But like so many risks we take when filing our income taxes, paying our nanny under the table is deeply ingrained in the culture, and most of us don't think twice about it.
"People don't think they can b...See the full content of this document
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