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 Posted: Sat Dec 30, 2006 7:58 am Subject: Tax Question |
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Okay those of you out there who have worked in the restauraunt undustry I have a question. I have been working as a server part time for about 3 months now , mind you the tips are not even a fraction of my income for 2006. What percentage of these tips do I claim on my taxes, is it the usual 20%. I file a 1040 every year. Thanks for the input
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PDLFREE
Joined: 07 Oct 2006
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| Posted: Sat Dec 30, 2006 12:29 pm Subject: |
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Ashley -
You know, as many tax returns as I've done, I've never done one that involved tips. I'm sure someone else here will have the expertise that I don't have in this area.
We'll get you an answer - and in the meantime, I'm going to research this a little, in case I ever do have to use it. I'll let you know what I find out.
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SUEBEEHONEY70
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SUEBEEHONEY70
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| Posted: Sat Dec 30, 2006 12:44 pm Subject: |
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I used to waitress a long time ago and at the end of each shift I had to fill out my card and claim at least 20% of my tips and the taxes were taken out for these tips each pay period.
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WHEREAMI
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| Posted: Sat Dec 30, 2006 2:58 pm Subject: |
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Hey Ashley,
I've done my oldest daughter's tax returns for sometime now (who has only worked in restaurants) and found that there is a spot on the W2 for tips. I can't recall exactly which box it is, but I was amazed last year when I saw it, because she is a line cook and has always worked back of the house. She told me that they all got tip share, which is why she got them.
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kscornell
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