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IRS instructions: Tax owed on tips you did not report to your employer, including any allocated tips shown on your Form(s) W-2 that you must report as income.
Bold is mine. Is it odd that the IRS states this? Are they really asking for unreported income?
I rarely get service and tip workers so I really don't know.
Edit: I am going to assume that my client reported all her tips to her employer. So, I think column d should report the same amount as column c.
Am I missing something important?
Best Answer Click here
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I see that the W-2 box 7 number was mistakenly input by me as Box 8. Thus F4137 was produced.
Channeling Emily Latella --- "never mind"
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Another mystery solved. Now on to Bigfoot and the Loch Ness Monster.
Slava Ukraini!
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There is, or was, some rule along the lines of tips of less than $20 in a month don't have to be reported to employer. It was a Long Time Ago I dealt with this, when $20 bought something, so it may not be accurate now.
The more I know the more I don’t know.
