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Are unreported tips my cash tips?

 
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NiaW
New Member

Are unreported tips my cash tips?

Any month you earn $20 or more of tips, you have an obligation to report them to your employer so they can calculate the appropriate amount of tax withholding; otherwise, the IRS can increase the amount you owe with a tax penalty.

If you have any unreported tips, they need to be entered on form 4137. For more information take a look at the FAQ https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/When-to-Use-Tax-Form-4137--Tax-on-Unreporte...

To quickly get to form 4137:

  • Sign in to your account.
  • Click 'Take me to my return'.
  • Click 'My Account', at the top of the page.
  • Select 'Tools' in the drop down menu.
  • Click 'Topic Search'.
  • Type in 'Form 4137'.
  • Click 'Go'.




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