Calculating Withholdings and Payments for Nannyshare
I'd love to hear from another family participating in a nannyshare how they are navigating calculating withholdings and payments. Both families have EIN (primarly to use pre-tax FSA dependent care funds). We've contemplated alternating weeks, as her last employers did (but how does this look if we were to be audited?) or each paying our part each week (but then it looks like we are paying less than minimum wage).
I'd love to hear what people have done, however, only suggestions that are from a similar situation (where both families have EIN and want to pay taxes) are actually relevant.