| tax tips |
| How do you file taxes on tips? |
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You keep records. In a notebook is fine. Just keep the records the same way each week or month.
At the end of the year, you add up the ...... |
| What to do at a group dinner when one drops a $20 b/c their entree was "only $18" (forgetting tax, bevs, tip) |
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Quietly tell the person, "Oh, I think you forgot about your cocktail, Joe - that adds on $6, and then with tax and tip you might as wel...... |
| Do you tip your tax preparer? |
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No, I don't tip my tax preparer. Don't feel guilty about not tipping no matter how helpful she was. How much did they take out of yo...... |
| Do you tip your tax preparer? |
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Dork, she's attracted to you!!...... |
| I know you tip before tax; do you include the bar portion also? |
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Yes, because we get taxed on the whole bill, including the bar portion. And if you get the drink in the bar, but don't pay for it in th...... |
| Speaker of tipping - when you get a bill when you go out to eat, do you tip on tax or before tax.? |
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As a very under-tipped former waitress, I'd say before tax. The servers generally don't go calculate your tip % after you leave, bu...... |
| Is there a guideline for tipping your tax preparer? |
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I'm an accountant, and we never expect tips. A lot of clients will offer things like dinner at a nice restaurant or tickets to an event...... |
| When leaving a tip in a restaurant do you include the tax or not include the tax in the tip? |
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I include the tax, but now that I think about it...I shouldn't have to...... |
| How much is California State Tax on iems and how much percentage is placed on tips? |
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California State Sales Tax is 7%. Many (most) cities and counties add tof this, and may collect as much as 8.75% in total.
The tip is no...... |
| How do I file a final tax return for my mother, who died in 2006? Any tips? |
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If you have the papers legally entitling you to file the forms on her behalf, and the death certificate, The IRS will assist you in preparin...... |
| I do not want to file the tax form which says hooters to my father, can I work at hooters soley on tips? |
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If you're old enough to work, you're old enough to file your own taxes. You can NOT work at Hooter's solely on tips but, even i...... |
| Nov '06 Kiplinger's tax tip states one can claim $60 tax refund for long-dist phone tax. How do you claim it |
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Kiplinger's is referring to the Telephone Excise Tax Refund. The IRS allows you to claim a refund of any long-distance excise taxes you...... |
| What is you best money making tax tip, in Canada? |
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You can get non-refundable tax credits:
Tax Credit for Public Transit Passes
As of July 1st 2006, you can claim a non-refundable tax cre...... |
| How do you guys calculate your check in your head at restaurants that fast [the sum+state tax+tip]? |
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Simple addition & common sense....... |
| How much (%) are restaurant servers' tips taxed? Is it different than normal income like a bonus is? |
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Tips, regular income and bonuses are ALL taxed at the same rate. You are confusing WITHHOLDING with actual tax liability. Withholding on t...... |
| Before I go off, is the tip tax nation wide? |
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For your Federal income tax, tips are included as regular income. Most states that have income taxes start from Federal AGI (adjusted Gross...... |
| How do you calculate in your head your restaurant bill/check all the total + tip + tax? |
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I start by dividing by 10 and go from there. Since you can easily divide by 10 by moving the decimal over one place, this can be done quick...... |
| Taxes from tips? |
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I've worked at many restaurants and have never heard of turning in your tips just to get them back on a paycheck.
Servers do claim t...... |
| If you are a waitress is it true you get all of your reported tips back in a tax refund? |
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No, not necessarily. Tips count as "earned income."
If you made below a certain amount, yes, you are going to get your tips ba...... |
| Tips for making individual salaried persons tax return less tax paying.? |
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Don't file. They're totally confused. Don't worry; be happy....... |
| Tips are calculated before or after tax? |
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Calculating the tip to a percentage exact to the penny is considered a bit rude. It destroys the illusion that the tip is a "reward fo...... |
| If you earn tips as a waiter does income tax get deducted from the money you take home? |
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If you are reporting tips to your employer than they are required to withhold Federal Income Tax on the tips you report.
Large food o...... |
| Can file income tax on money i have made from tips from nite club dancing thanks? |
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Anyone who receives more the $20 in tips in a month must report that income. It is best if the employer does this as to ensure the proper a...... |
| What is the average amount to claim for tips and gratuities on your income tax? |
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You are supposed to record the correct amount of tips.
...... |
| If a taxpayer decides to report excess tips, where is it reported on the tax form? |
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You report the tips on line 1 but you also have to file Form 4137 to pay social security and medicare tax on the tips....... |
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