View Full Version : Paying ss and medicare tax
Jbert
Jan 31, 2008, 10:00 PM
My wife babysits for our son. She will earn 400 per month. She is 6 quarters short on her retirement needed of 40. How can we report these new earnings to IRS so she can receive the credit for the quarters she is working. I have googled everything and can not find this answer.
THANKS
Jim
AtlantaTaxExpert
Feb 1, 2008, 11:42 PM
Sorry, you CANNOT pay your wife to work as the mother of her own son.
The work has to be recognized as true work.
MukatA
Feb 2, 2008, 04:22 AM
You can pay your wife, but baby sitting for your own child is not income.
Fr_Chuck
Feb 2, 2008, 09:59 AM
If she has real income, you report her income on your taxes as income and pay self employment taxes ( 15 percent) along with other state and federal taxes.
But again, it has to be real income.
Jbert
Feb 3, 2008, 12:56 PM
Sorry ATE, I typed badly. My wife babysits for our GRANDSON in our house 5 days a week, 9 1/2 hours per day for $100.00 per week. Now what I need so badly to do is report this income and have IRS send the Social Security and Medicare taxes to Social Security. Fr_Chuck --- I hope this is real income, we spend it!
Sorry I typed wrong
Jim
AtlantaTaxExpert
Feb 4, 2008, 12:28 PM
Okay, different story!
If you babysit for your Grandson, then, yes, you CAN claim it as income on Schedule C and SE and pay income and self-employment taxes on it.
Jbert
Feb 15, 2008, 01:56 PM
Okay, different story!
If you babysit for your Grandson, then, yes, you CAN claim it as income on Schedule C and SE and pay income and self-employment taxes on it.
I understand that part and actually did a practice return, but how does her social security and medicare get reported.
JIM
AtlantaTaxExpert
Feb 29, 2008, 01:34 PM
Answered via email.