Tax Masters
Tax Masters is a training podcast for Pack Tax Pros. Each episode makes complex tax concepts simple and practical, so you can earn client trust, solve problems, and make more money as a Pack Tax Pro.
At Pack Tax, mastery isn’t just about knowing the rules—it’s about knowing how to explain them in a way that helps clients understand what it means for them. When you can do that, clients see you as the solution to their problems—and that’s where the money is.
Listen to episodes more than once, let the language sink in, and make it part of your vocabulary. The more you master, the more valuable you’ll become.
Tax Masters
Episode 4: Household Employees - Nanny Taxes!
FAQ: How do I handle taxes for household employees like nannies?
Main Objective: Teach you the basics of how taxes are handled for household employees (spoiler alert: it’s way different than other 1099 contractors).
Description: In this episode, we dive into the tricky world of household employee taxes, often called "nanny taxes." We clarify that the IRS treats nannies and similar household workers as employees, not 1099 contractors, and break down the role of Schedule H for employer taxes—plus why those taxes aren’t deductible for the employer. Tune in to learn how to confidently guide clients through nanny tax complexities!