Loading Events

« All Events

Deadline: Form 4070 – Employee’s Report of Tips to Employer

August 12

Report tips to the employer, unless the total is less than $20 per month per employer

The Internal Revenue Code requires employees to report (all cash tips received except for the tips from any month that do not total at least $20) to their employer in a written statement. Cash tips include tips received from customers, charged tips (for example, credit and debit card charges) distributed to the employee by his or her employer, and tips received from other employees under any tip-sharing arrangement. No particular form must be used; however, the statement must include:

  • Employee signature,
  • Employee’s name, address, and social security number,
  • Employer’s name and address (establishment name if different),
  • Month or period the report covers, and
  • Total of tips received during the month or period.

The employee may use any document that has the above elements such as Form 4070, Employee’s Report of Tips to Employer, (available only in Publication 1244, a form that is provided by the employer or an electronic system provided by your employer to report your tips.

Both directly and indirectly tipped employees must report tips to the employer.

tips left on table at restaurant, includes cash and change.

Share Button


August 12
Event Categories:
Event Tags:
, , ,

The articles in this blog are published with the understanding that the authors are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use.

The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.