Anyone who collects cash tips must include them in their taxable income. This requirement is not limited to waiters and waitresses. It applies to anyone who collects tips period. This includes taxicab drivers, beauticians, porters, concierges, etc.
Tips Earned Can Be Taxing
Tips are income too. Do you get tipped? Do you work in an occupation where tips are part of your total compensation? If so, you need to be aware of several facts relating to your federal … Read More