Can I get a tax identification number if I'm a babysitter?
-
I babysit in my home for only one family at a time. However sometimes I can end up with 3 different families a year. I do pay taxes on the income but I'm not comfortable giving out my social security # to so many different people. Do I get a tax identification number or and employment identification number? I know that they can do IRS form 2441 and just put down that I refuse to give my ssn. I understand that this increases my odds of being audited. What is the best thing to do? My husband is worried that if I get a TIN or EIN that it will be harder to file our taxes with turbotax.
-
Answer:
A TIN can either be your SSN or an EIN. Since you babysit in your home, you are self employed. Consequently, you can apply for an EIN and use that for business purposes. You would still use your SSN on your 1040, only including your EIN on Schedule C.
averil at Yahoo! Answers Visit the source
Other answers
You can get an EIN through the IRS. It will not make filing your taxes any more difficult. Smart move not wanting to give out your SSN.
card-ron
you dont need one. my only income was babysitting this year, so that the only thing i claimed as income. mine came out fine. that way, you dont have to give neone your ssn.
brooke
Get an EIN from the IRS and use that to give out as your tax id #. EINs and SSNs are types of tax id numbers.
Judy
It's easy to get a TIN / EIN. It won't confuse Turbotax
Related Q & A:
- How can I get a Vanity number?Best solution by phonenumberguy.com
- Where can I get a copy of my last year's tax form?Best solution by Yahoo! Answers
- How can I get my national insurance number?Best solution by Yahoo! Answers
- Can I attend a american high school when I'm not american?Best solution by Yahoo! Answers
- Can I get a job while I'm a foreign Student in Florence at florence design academy aca..is it legal?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.