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Not reporting income from tips is also extremely common. Cash income may as well not exist.
by 2OEH8eoCRo0 3y ago
Not reporting income from tips is also extremely common. Cash income may as well not exist.
- Turing_Machine 3y agoAt one time that was the case, but currently the IRS assumes that servers in tipped jobs get a minimum of 8%. If you're going to report less than that, you're going to need some high-quality records to back it up. I would expect that if you report, say, 5% while your coworkers report, say, 15%, that's gonna set off flags all over the place.