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IRS considering changing how tipped employees report tips

Por: WPTV Nation February 08, 2023

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The Internal Revenue Service announced it is proposing a new voluntary tip reporting program to improve tip reporting compliance by employers of service industry workers, such as servers.The IRS requires employees who earn at least $20 a month in tips to keep a daily record of their tips to give to their employer. All of those tips are then required to be included on tax returns.Employers are then required to withhold taxes on income earned from... + full article



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