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Form 8846 Tips

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Question
Form 8846 Tips

Answer
Enter the tips received by employees for services on which you paid or incurred employer social security and Medicare taxes during the tax year. Include tips received from customers for providing, delivering, or serving food or beverages for consumption if tipping of employees for delivering or serving food or beverages is customary.
If you pay each tipped employee wages (excluding tips) equal to or more than $5.15 an hour enter zero on line 2 (Tips received by employees for services on which you paid or incurred employer social security and Medicare taxes during the tax year).
Figure the amount of tips included on line 1 that are not creditable for each employee on a monthly basis. This is the total amount that would be payable to the employee at $5.15 an hour reduced by the wages (excluding tips) actually paid to the employee during the month. Enter on line 2 the total amounts figured for all employees.

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Article Details
Views: 1140 Created on: Jun 15, 2013
Date updated: Dec 07, 2018
Posted in: Income

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