Posted on 02/07/2023 2:53:47 PM PST by Brilliant
The Internal Revenue Service (IRS) proposed a revenue procedure this week to crack down on the service industry's reporting of tips.
The Service Industry Tip Compliance Agreement (SITCA) program would be a voluntary tip reporting system in which the IRS and service industry companies cooperate, according to the announcement Monday. As part of the proposal, the IRS will give the public until early May to provide feedback on the program before implementing it.
"Those 87,000 new IRS agents that you were promised would only target the rich," tweeted Mike Palicz, federal affairs manager at Americans for Tax Reform. "They're coming after waitresses' tips now."
According to the IRS, the program would seek to "improve tip reporting compliance," reduce administrative burdens and provide more transparency and certainty to taxpayers.…
(Excerpt) Read more at foxnews.com ...
YEAH!!!
Its about time that those Billionaire Waiters get their tip loophole closed.
And you right winger conspiracy nuts who thought that those 87,000 new IRS agents were going to go after the middle class and working poor instead of the ultra wealthy like Biden promised, i bet you feel really silly now.
All part of Biden’s plan to go after the cash, barter and underground economy. They will compare reported income to standard of living then impute an income if they think the numbers don’t add up.
Yes he did. Servers in the 80s weren’t reporting squat. The compromise was the 8% of sales rule.
Later, after credit cards were used more, businesses force reported the charge tips on the cards. By law they had to because the money came out of the till.
Exactly
Same here.
Same here.
“Only about 20% of tips are cash and they already self-report those.”
They self report all their cash tips? BHHHAAAAHAAAHAAA!!
LOL
Who do the waiters/waitresses vote for? My guess is same as the billionaires.
Love it.. 10-1 most waiters/waitresses voted for Brandon. However, it’s still wrong.
Now THAT will save the economy!
Wait staff will pay down the national debt!
And the govt will be able to keep spending!
(/s for the sarcasm impaired.)
They use programs to analyze and then to target people. Then they send letter demanding payment of back taxes. Most people just pay up because it’s too much trouble to fight it.
Ha ha ha ha ha ha ha ha ha ha ha ha.
I told you so—Ruah Limbaugh
Me too. I hope they spend it on needs. Government gets enough.
Since when do waiters make over 400k? I want THAT job.
Yes! You can give up to $10,000 a year as a gift I think.
It’s obvious none of those bass turds on Capitol Hill ever worked as a waiter or waitress. When are they going to “crack down” on the turds in the Congress stinking up the joint so bad that they have to spend a fortune on air freshener.
I am sure AOC got tips.
Let us see if we hear anything from her on this one.
I am sure AOC got tips.
Let us see if we hear anything from her on this one.
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