– Report last month’s tips by the 10th of the current month. – Service charges don’t count. Here are a few things to keep in mind when reporting tips for tax purposes: Know what counts as ...

A program proposed by the Internal Revenue Service earlier this week would change how service industry employees and employers report taxable tips.

Working for tips is hard enough, but the rules for reporting tips on your taxes can make life even harder if you don’t know what to do. Here are the basics: Tips include cash that customers ...

How does the IRS track cash tips? Employees are required to report their tips by the 10th date of the month after the month when the tips were received.