Tag: financial reporting

Tips On Tip Reporting

Tips On Tip Reporting

If you are like millions of taxpayers who work in the service industry, you may receive tips. The tax code is clear; if you receive tips you must report them as income. Some employers have systems to make this easy, while others do not. Here are some suggestions: Think 1-2-3 Proper tip reporting has three components. 1. Keeping a daily…

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