Tax Question

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.

Ashley - here's what I found on the IRS website:

http://www.irs.gov/businesses/small/industries/article/0,,id=98401,00.html

that's a link to the info for reporting tips to your employer

here's a link to the info for reporting tips on your 1040:

http://www.irs.gov/pub/irs-pdf/p3148.pdf

Hope this helps!

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.

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.