Lawmos: Is There Any IRS Reg Defining Tips vs Wages?
| Lime point | 05/21/25 | | supple pale affirmative action | 05/21/25 | | Lime point | 05/21/25 | | supple pale affirmative action | 05/21/25 | | electric garnet legal warrant | 05/21/25 | | Drunken aquamarine quadroon business firm | 05/21/25 | | Orchid Crawly Old Irish Cottage | 05/21/25 | | Razzle-dazzle hall | 05/21/25 | | Orchid Crawly Old Irish Cottage | 05/21/25 | | glittery disrespectful piazza | 05/21/25 | | Lime point | 05/21/25 | | sable irradiated water buffalo | 05/21/25 | | Drunken aquamarine quadroon business firm | 05/21/25 | | Lime point | 05/21/25 | | glittery disrespectful piazza | 05/21/25 | | sable irradiated water buffalo | 05/21/25 | | Bronze contagious coffee pot ratface | 05/21/25 |
Poast new message in this thread
 |
Date: May 21st, 2025 5:47 PM Author: supple pale affirmative action
https://letmegooglethat.com/?q=irs+tip+wage
if you're asking whether there are irs regs defining tips versus wage the answer is no because right now there is no reason to because they are both just considered ordinary income like anything else
edit: actually there are some definitions because it matters for FICA
Section 3121(a) of the Code defines “wages” for FICA tax purposes as all remuneration for employment, with certain exceptions. Section 3121(a)(12)(A) excludes from the definition of wages tips paid in any medium other than cash; section 3121(a)(12)(B) excludes cash tips received by an employee in any calendar month in the course of the employee’s employment by an employer unless the amount of the cash tips is $20 or more.
https://www.law.cornell.edu/uscode/text/26/3121
(http://www.autoadmit.com/thread.php?thread_id=5728577&forum_id=2...id.#48951870) |
|
|