Tax-Related Questions | Tax Information | PriorTax

Tax Related Questions > Income Sources > Work

 
  • Tip Income
    All tips are taxable and must be reported to the IRS, including cash tips you get directly from customers, tips from customers using credit cards, and...
  • Allocated Tips
    The basic idea behind allocated tips is that if you work in a restaurant, cocktail lounge, or similar establishment, you deserve 8% of the business’s ...
  • Miscellaneous Income - Form 1099-MISC
    Form 1099-MISC reports various types of miscellaneous income other than wages, salaries, and tips, which are reported on a W-2 instead. Payments for ...
  • Wage and Tax Statement - Form W-2
    Employers must file Form W-2 for every employee they paid more than $600 in wages, tips, and other compensation, and from whom they withheld income, s...