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Bookkeeping & Write-up

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  4. Are the waiters that work for me required to report to me all the tips they earn for my tax reporting purposes?

Are the waiters that work for me required to report to me all the tips they earn for my tax reporting purposes?

Restaurants employing at least 10 people must make a special report to the IRS of income and allocated tips. In 2010 the IRS assumed tip income of 8%. The allocated amount is shown on an individuals’ W-2 as tip income.

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