Hello. My wife is a hairdresser, gets paid bi weekly, and so declares tips bi weekly as well.
Instead of declaring every two weeks her tip amount, is it possible to do it as a lump sum while I’m preparing for filing at tax time? We keep all records and amounts. It, sometimes, is a pain to get her boss to add the tips every two weeks. When we do miss a bi weekly report of the tips, we just add when doing taxes. Just wondering if I can do same but for entire year all at once.
Al
