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Get your taxes done using TurboTax
No, it should not be tips for tax purposes. However, for your reporting, I don't think it will affect anything if it is called tips.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/newsroom/employer-reminder-reporting-tips-versus-service-charges-key-differences...>
Employers still pay their portion of Social Security/Medicare for tips, so the bottom line really shouldn't make any difference. At least not that I can think of offhand.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/newsroom/employer-reminder-reporting-tips-versus-service-charges-key-differences...>
Employers still pay their portion of Social Security/Medicare for tips, so the bottom line really shouldn't make any difference. At least not that I can think of offhand.
‎June 4, 2019
11:26 PM