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Allied Charities of Minnesota Newsletter |
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January/February/March
- Volume 01 Number 1/2/3 |
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IRS Q/A From 2000 ACM Convention & Expo |
Q1: If an exempt
organization pays monthly rent to a bar owner to sell pulltabs, does the exempt
organization have to report tips?
A1: No, provided that
the exempt organization is not paying wages (other compensation such as a
bonus, etc.) to employees. If the exempt organization is only
making a payment to the bar owner for rent, services, etc., it is the bar
owner's responsibility to educate its employees, provide a procedure for
employees to report tips, and report and pay Federal taxes.
Q2: If an exempt
organization does not have to file a Form 8027, Employer's Annual Information
Return of Tip Income and Allocated Tips, do my employees have to report
tips?
A2: Yes, all employees
(including bartenders, pulltabs sellers, waitresses, gambling manager, bussers,
doormen, etc.) must report their tips to their employers when they receive $20
or more in tips in a month. The fact that the exempt
organization does not have to file a Form 8027 does not have any impact
on the bar employees' responsibilities to report tips.
Q3: Publication 1872, Tips
on Tips - A Guide to Tip Income Reporting for Employees in the Food and
Beverage Industry, only addresses the food and beverage industry.
Does that mean those who earn tips in other occupations, such as pulltab
sellers, do not have to report their tips?
A3: No. All
employees starting with employee one who receive tip income must report their
tips to their employers when they receive $20 or more in a month, no
matter what their occupation. The latest revision to Tips on
Tips - A Guide to Tip Income Reporting for Employees in the Food and Beverage
Industry (Publication 3148) and Employer Tip Income Reporting
(Publication 3144) states: "Where Tip Income is
Customary" in lieu of "in the Food and Beverage Industry" to
avoid confusion.
Q4: If I am the
employer, what must I do when employees report their tips to me?
A4: As the employer, you
must withhold Federal income tax, social security, and Medicare taxes, (and
state income tax, if applicable,) and properly report this tip income on your
business' payroll tax returns.
Q5: What if my employees
do not want to report their tips?
A5: You may want to
educate them again and discuss the importance of honesty and integrity.
You also have the option of reporting the employee to the Internal
Revenue Service.
Q6: What can I do, as an
employer, to protect myself and demonstrate that I have not been negligent in
my responsibilities for the reporting of tips?
A6: Educate new
employees upon hiring, and, at least once a year, educate all employees by
distributing the IRS tip publications and/or showing the IRS tip video.
If your employees still have difficulty understanding their
requirements, or if you have a frequent turnover of employees, you may need to
educate your employees more frequently.
As
evidence that you have fulfilled your responsibilities, you may ask employees
to sign a statement indicating they attended the meeting, they received
the publications, and they understand the
procedure
to report their tips to you, their employer. (The Internal Revenue
Service does not have such a form.) You may also want to document
this in your board of director meeting minutes.
In
addition, you should encourage tip reporting by providing a procedure for your
employees to report their tips to you. Although the law requires tip
reporting by the 10th day of the following month in which the tips are
received, it may be easier for your employees to report their tips to you
following each pay period, instead of monthly.
Q7: When should my
employees start reporting their tips?
A7: Now.
Q8: What are the
consequences if employees do not report their tips?
A8: If employees do not
report their tips to their employer as required, the employee may be subject to
a penalty equal to 50% of the social security and Medicare taxes or
railroad retirement tax owed on the unreported tips. The penalty
amount is in addition to the taxes "owed". It is important that
employees report 100% of their tips to their employer each and every
month.
Q9: What happens if
employees report their tips, but when it comes time to pay their taxes, they do
not have enough money?
A9: The employer may
take the taxes owed out of the employee's next paycheck to pay the rest of the
taxes. See Publication 531, Reporting Tip Income for more details.
Q10: Is tip reporting
something new?
A10: No. Reporting
all tip income has always been required.
Q11: What should I do if
I have done everything I am required to do?
A11: Spread the word and
encourage others who are not getting the message.
Q12: How do I obtain
Publications 1872, 1875, 1244 and 531?
A13: Visit the IRS
website at www.irs.gov or call 1-800-829-3676.
Q14: Where do I go for
more help about tips?
A14: For questions
relating to reporting tip income, call: Terri Anderson, IRS Exempt
Organizations Revenue Agent, at (651) 312-7720 (not toll free).
Please leave a message if she is unavailable and she will return your
call as soon as possible.
For
Exempt Organization related questions not relating to tip income, call:
IRS Exempt
Organizations
Customer Service, 1-877-829-5500 (toll free).
Visit
the IRS Internet sites:
www.irs.gov or
www.irs.gov.bus_info/eo/index.Html