Re: Taxing tip earners
[Re: bodycount]
#7795114
02/10/23 10:37 AM
02/10/23 10:37 AM
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Joined: May 2010
Posts: 10,533 MN
Steven 49er
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trapper
Joined: May 2010
Posts: 10,533
MN
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It's note a new tax. It was always taxable income
Like leftlane I try to tip cash every chance I can
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Taxing tip earners
[Re: Leftlane]
#7795115
02/10/23 10:38 AM
02/10/23 10:38 AM
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Joined: Feb 2007
Posts: 5,465 New York border
Cragar
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trapper
Joined: Feb 2007
Posts: 5,465
New York border
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X2 I always do this just for tax reasons. Waitstaff is underpaid and need whatever they get.
NRA benefactor member
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Re: Taxing tip earners
[Re: frank1969]
#7795152
02/10/23 11:40 AM
02/10/23 11:40 AM
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Joined: Dec 2014
Posts: 2,489 Tug Hill, NY
Squash
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trapper
Joined: Dec 2014
Posts: 2,489
Tug Hill, NY
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This is the man they wanted in so let the chips fall X2, I’ll bet most servers did vote for Pres Lieden .
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Re: Taxing tip earners
[Re: hippie]
#7795261
02/10/23 03:02 PM
02/10/23 03:02 PM
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Joined: Dec 2012
Posts: 6,568 Wi.
Diggerman
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trapper
Joined: Dec 2012
Posts: 6,568
Wi.
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Need someone for the 87,000 new IRS agents to harass.
Being in business, I wish they would stick sending out w9's and/or 1099's out to vendors and customers for anyone you did a couple hundred dollars worth of business with.
WHAT A PITA! I will not do the IRS's job for them, never have and wont.
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Re: Taxing tip earners
[Re: white17]
#7795271
02/10/23 03:17 PM
02/10/23 03:17 PM
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Joined: Feb 2010
Posts: 19,720 pa
hippie
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trapper
Joined: Feb 2010
Posts: 19,720
pa
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Need someone for the 87,000 new IRS agents to harass.
Being in business, I wish they would stick sending out w9's and/or 1099's out to vendors and customers for anyone you did a couple hundred dollars worth of business with.
WHAT A PITA! I THOUGHT I read a piece a couple days ago that this was called off for this tax year. Businesses doing it here. I won't, but when one that does calls me wanting my ein number to send me a 1099, I give it to them and then file said 1099 in the trash when it arrives. Their business with me is already calculated by the month in my books, what do I need a 1099 for?
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Re: Taxing tip earners
[Re: white17]
#7795282
02/10/23 03:25 PM
02/10/23 03:25 PM
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Joined: Feb 2010
Posts: 19,720 pa
hippie
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trapper
Joined: Feb 2010
Posts: 19,720
pa
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To remind you of those BIG bucks you made fixing Granny's Corvette.........the same dollars you planned to NOT include on schedule C because she paid in cash That brings up a question! I do jobs alot for every day people that the bill goes over the threshold...are they required to send me a 1099 like the businesses I do work for on their company vehicles?
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Re: Taxing tip earners
[Re: hippie]
#7795285
02/10/23 03:30 PM
02/10/23 03:30 PM
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Joined: Mar 2007
Posts: 35,212 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,212
McGrath, AK
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To remind you of those BIG bucks you made fixing Granny's Corvette.........the same dollars you planned to NOT include on schedule C because she paid in cash That brings up a question! I do jobs alot for every day people that the bill goes over the threshold...are they required to send me a 1099 like the businesses I do work for on their company vehicles? I am sure that IRS would tell you YES that revenue must be included on your return. Whether or not the individual must send you & IRS a 1099 is a matter of a dollar threshold which used to be $600.........and may still be. But your accountant can tell you for sure. But, as long as you claim the revenue, you won't be on the hot seat if the other person doesn't send the 1099. That's on them.
Mean As Nails
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Re: Taxing tip earners
[Re: bodycount]
#7795286
02/10/23 03:30 PM
02/10/23 03:30 PM
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Joined: Jan 2014
Posts: 21,099 North East Kansas
Marty
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trapper
Joined: Jan 2014
Posts: 21,099
North East Kansas
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they need to finance their war with putin..3 billion every few weeks tends to add up.
E 'Honey Badger Militia' Sleep, the anti woke adote.
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