At the end of each shift, then, the individuals decided how to allocate the tip box. Here, the there was no evidence that the Taxpayer knew the actual amounts received, nor did it issue Forms W-2 or include those amounts on Forms 941.During an audit, the IRS determined that the volunteers should be treated as employees for FICA tax purposes; consequently, the IRS issued a Letter 3523 to the taxpayer.Read more… https://www.forbes.com/sites/timtodd/2018/04/30/irs-addresses-tip-boxes/#15d4d6fd58b5
IRS Addresses ‘Tip Boxes’
- By Jeff Cecchini
- May 2, 2018
- 8:10 pm
- No Comments
SHARE THIS POST
Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Jeff Cecchini
Jeff is the CEO of Advisoran. He has founded numerous successful businesses in the industries of bookkeeping, tax, payroll processing, software development, and construction. He brings this real world experience to guide his clients to their success. His goal is to help entrepreneurs build healthy businesses that improve their lives.
All Posts » Recent Posts
- IRS sets new tax brackets, raises standard deduction for 2025
- Intuit Payments Inc. Acceptable Use Policy
- Tax Court stated that any money placed in a taxpayer’s bank account is taxable income unless the taxpayer proves otherwise
- How to combine multiple Excel workbooks into one workbook
- Creating Custom Google Calendar Events
- South Dakota Minimum Wage Increases to $10.80 per hour effective 1/1/2023
- How to Gross-up Payroll Wages
- Three valuable lessons from fraud at a Jimmy Johns location
- Older Debt is harder to Collect
- Virtual Currency Tax Considerations