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Form 8846 Tips

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Question
Form 8846 Tips

Answer

Purpose of Form

Certain food and beverage employers (see Who Should File below) use Form 8846 to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips. The credit is part of the general business credit. You can claim or elect not to claim the credit any time within 3 years from the due date of your return on either your original return or on an amended return.

 

File Form 8846 if you meet both of the following conditions.

1. You had employees who received tips 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.

2. During the tax year, you paid or incurred employer social security and Medicare taxes on those tips.

 

 

 

 


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Article Details
Views: 2330 Created on: Jun 15, 2013
Date updated: Nov 11, 2021
Posted in: Income

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