Form 4137 Archives - Points to Be Aware Of

IRS Definition of Cash Tips: A Comprehensive Guide for Taxpayers

June 6, 2025 by Hart

IRS Definition of Cash Tips: A Comprehensive Guide for Taxpayers Understanding the IRS Definition of Cash Tips For many individuals, particularly those working in service-oriented industries like restaurants, bars, and salons, tips represent a significant portion of their income. However, understanding the IRS definition of cash tips and the associated tax implications is crucial for … Read more

Decoding the No Tax on Tips Act: A Comprehensive Guide for Employees and Employers

May 29, 2025 by Hart

Decoding the No Tax on Tips Act: A Comprehensive Guide for Employees and Employers Decoding the No Tax on Tips Act: A Comprehensive Guide for Employees and Employers The question of whether tips are subject to taxation is a common point of confusion for both employees and employers. While the idea of a ‘No Tax … Read more