Taxes10
New Member

How to go about filing taxes as a nanny who will be paid in cash?

I'm about to accept a job as a nanny. They are going to pay me $2,000/month and leave it up to me on whether I claim it or not, which means they won't be providing a W-2 or anything. How do I go about claiming this income? How do I know how much to set aside for when I do taxes? Will they get in trouble if I file?