Do you receive tips as part of your job? Did you know, all tips you receive are income and are subject to federal income tax? You must include in your gross income on your tax return all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement.
Do you receive tips as part of your job? Did you know, all tips you receive are income and are subject to federal income tax? You must include in your gross income on your tax return all tips you receive directly, charged tips paid to you by your employer, and your share of any tips you receive under a tip-splitting or tip-pooling arrangement. [Read More...]