Today TaxMama hears from Bradley in the TaxQuips Forum with a business idea. “I’m thinking about starting a business like Groupon. My partners and I are planning on sharing the cost of the coupon with the company offering it. We want to know if we will be taxed on the full amount, or just […]
Tag Archives: Restaurants
Today TaxMama hears from David in Arizona who got an unpleasant surprise. “I work for a restaurant that has not collected tip income info from our wait staff, and has not done any subsequent withholding. I am the lucky one who inherited payroll responsibility mid-year. I just learned of this oversight when prepping W2’s for […]
Patron: Waiter! Waiter: Hi, my name is Bill, and I’ll be your Support. Waiter. What seems to be the problem? Patron: There’s a fly in my soup! Waiter: Try again, maybe the fly won’t be there this time. Patron: No, it’s still there. Waiter: Maybe it’s the way you’re using the soup. Try eating it […]