Tipped Employees

This handout provides information on how to report tip income. Recordkeeping requirements are also explained.

HIGHLIGHTS: 

  1. Daily tip record.

  2. Service charges vs. tip income.

  3. Reporting tips to employer.

  4. Allocated tips.


CLIENTS WHO MAY BENEFIT:

  1. Individuals who receive tip income.

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Individual Income TaxClare FazackerleyTax, Tip Income, Tipped Employees, Reporting Tips, Allocated Tips, Service Charges, Server, Waiter, Busser