I was a nanny for six months just got my 1099 I made 11,600 can someone tell me where to go to find out how much i will owe or is someone a tax person i have about 1300 dollers saved up to pay is that enough?
2007-03-01 16:13:54 · 2 answers · asked by aznat1984 1 in Business & Finance ➔ Taxes ➔ United States
If I were you, I would make a list of expenses that you incurred in being a nanny,and as many as I could, to offset the amount of income you received, because you will have to report that income on a schedule C (business income), and that's gonna tax you 15% for taxes, the less income you netted the less taxes you will have to pay!! Isn't that right Bostonian?
2007-03-01 16:33:45 · answer #1 · answered by musicman 5 · 0⤊ 0⤋
Go to www.turbotax.com it's free until you want to print and file. It walks you through everything very easy I used it this year and I was happy with the outcome.
2007-03-01 16:22:13 · answer #2 · answered by babygurl36983 1 · 0⤊ 0⤋