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Richard
Richard, Tax Attorney
Category: Tax
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Experience:  29 years of experience as a tax, real estate, and business attorney.
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What needs to be done with massage cash tip as far as taxes

Customer Question

What needs to be done with massage cash tip as far as taxes
Submitted: 1 year ago.
Category: Tax
Expert:  Richard replied 1 year ago.

Good afternoon. My name is ***** ***** I look forward to helping you.

Cash tips, unfortunately, are taxable income and thus subject to tax. IRS Publication 531 (https://www.irs.gov/publications/p531/ar02.html) sets forth a detailed guideline on how to keep track of these tips and how to report them on your income tax returns. If, after you have reviewed this Publication, if you have any questions, just let me know and I'll be happy to help further.

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