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'.