Retirement tax questions

How is the restaurant organized?  C Corporation, S Corporation, Partnership?  If it's one of the latter two, you should receive a K-1 with your share of the restaurant's income on it.  This is NOT the same as the payments you receive.

 

If the payments are repayments of a loan you made, some of it may be interest, in which case you should receive a 1099-INT form. 

 

What you're being paid for and the restaurant's legal entity status are key here.  You need to talk to the people in charge.