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| *Loan,banking and credit>>>tax tips |
Do I claim my tips from waitressing on my taxes? |
This waitress thing is new to me. Technically your supposed to. Of course this would mean you have to pay more so most waitresses either leave it off or claim only a portion of what they actually brought in. Unless your job is somehow keeping up with it how is the IRS going to know? You are supposed to, yes. Income is income. By law, you should. Just a portion of them to make it look real. Most of that cash you just pocket.. Yes. If counted by your emplyer they should be in the box labels Tips on your W-2. Other wise you keep track and put them in as unreported tips on the tax form. Yes! Check with your employer. Some employers will automatically put a percentage on your W-2 that you will need to pay taxes on. with most tips left on a credit card - its almost impossible not to claim them. You will owe taxes on that money at the end of the year. Yes you will need to. A simple google search should give you all the answers you are looking for. |
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