Tax on Tipping: How Restaurants and Bars Should Report Employee Tips

In most restaurants and bars, employees have the potential to earn a majority of their wages in tips. To make sure this tipped income is reported for tax purposes, certain food and beverage establishments are required to file Form 8027 at tax time. Below we dig into the details of who, when and how to … Continue reading Tax on Tipping: How Restaurants and Bars Should Report Employee Tips