Today TaxMama hears from Danni in Florida who tells us “I am a hairdresser.
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What percentage of my tips am I required to report?
100% – ALL OF YOUR TIPS!
Why should you have to report less than all your income when every other working stiff has to report 100% of theirs?
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Whatever gave you the idea that hairdressers get a special break?
And remember, you can find answers to all kinds of questions about cash income and other tax issues, free. Where? Where else? At TaxMama.com[Note: If you were subscribed to the e-mailed TaxQuips, you’d be getting other exciting news and tips by e-mail, that never appear on the site. Please click on the subscribe link and join us.]
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- IRS Publication 531 :: Reporting Tip Income