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 ...
To self - an Oldie but Goodie
I heard that there was a opening at the zoo for someone to circumcise elephants. The pay wasn’t great but the tips were huge.
Let the IRS try to handle that income tax return!!!
In the next story will be how many billions we give to Ukraine.
I don’t get it. I have to pay taxes on every penny I make including Social Security. Why shouldn’t tipped workers pay on the same scale as I do? If they have a crappy tipped job, they won’t pay much in taxes and if they have a good tipped job they will pay more, just like me.
I understand that Biden is a lying sack of excrement, but everyone should have the same tax rules. Tipped employees are not special. In fact, a good bartender makes more than I ever did. If I’m tipping 20% (at least) on the current inflated prices of restaurant food, the wait staff is doing OK.
All this gets “fixed” when the Fed gets its digital currency and cash is outlawed.
Cash tips are assumed by the IRS. By doing this, you paint a target on your server’s back.
They got to pay their fair share./s
“voluntary”
Right.
Where have I heard that before?
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