Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Is tipping in restaurants in the U.S. reported to the IRS?
8 Answers
- Anonymous5 years ago
Tips RECEIVED are required by law to be reported to the IRS and taxed appropriately.
- JudyLv 75 years ago
Tipped employees are legally required to report their tips to their employer. The employer is legally required to take ou tax, and to report the income to he IRS.
- Anonymous5 years ago
No but if you are in a job that collects tips, and you dont report any, then obviously you will be on the IRS radar.
- troLv 75 years ago
those receiving tips report them to their employer who calculates the taxes on the and their wages
there a people who fail to report but they may find themselves in a big hurt by not doing so
- How do you think about the answers? You can sign in to vote the answer.
- 5 years ago
It's supposed to be reported as income. It really depends on the person. I'm sure not everyone that earns tips report their earnings.