The National Directory of Certified Public Accountants

Ask A CPA - Tip Income Reporting

1. Allocated Tips - Reported on Form W-2, Box 8

2. Allocating Tips - 8% General rule

3. Employer - Allocating Tip Income - Less than 8% Calculation Methods

4. Employer Form 8027 - 8% Tip Reporting Guideline

5. Employer Tip reporting to IRS - Form 8027

6. Form 4070 - Employee Tip reporting to the Employer

7. Form 4137 - Employee Unreported Tip reporting to IRS

8. Tip Income - Employee Penalty for not reporting

9. Tip Income - Self Employed persons

10. Tip Reporting - Point of Sale Systems

11. Tip Reporting - to your Employer

12. Tips of less than $20 a month

13. Waiter and Waitress - Tip Reporting

If you need professional help with "Tip Income Reporting" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.