Are you worried that you will have nothing to leave to your children? Are your nursing home or medical costs getting too high? Can you set up an account to provide for a disabled loved one? Find out the answers to these questions and more on our FAQ page. Browse through our list of topics or use the search bar on this page for fast information.
How to Report Your Cargiver Payments in Florida How to Report Your Cargiver Payments in Florida
The IRS considers household caregivers to be employees and not contractors. Since your caregiver is properly classified as your employee you should apply for and receive a Federal Employer Identification Number (EIN). At the end of the year you must issue your employee a W-2 that contains your EIN.
The employer must also register with the State of Florida and pay unemployment taxes each quarter. Be aware that if you hire a home health agency you don’t have to worry about any of this. Just pay the agency’s invoice! For more information read IRS Publication 926, Household Employer’s Tax Guide, or call your CPA.