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IRS Tax Question: So if a client has a W-2 from 2016 and
IRS Tax Question: So if a client has a W-2 from 2016 and 2017 and have NOT elected S-Corp status, what are my options? They haven't filed anything since 2014 except a payroll company did all payroll t… read more
taxmanrog
taxmanrog
Master's Degree
1,421 satisfied customers
A restaurant has employees that receive SS tips and regular
Hi Barbara; a restaurant has employees that receive SS tips and regular wages. So box 1 of the 941s reflect gross wages, including tips. Shouldn't the restaurant's P&L reflect the same gross wages as … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,664 satisfied customers
I did read this answer regarding tips for 1120s. I
I understood if you are not including the tip income as income, you cannot deduct the payment of the tip to the employee.... I usually bookkeep revenue not include tips then 8846 to deduct the payroll taxes on SS&M. How can I put the officer's compensation including tips on form 1120s? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,236 satisfied customers
I am trying to obtain W2's for 4 employees from our local
I am trying to obtain W2's for 4 employees from our local restaurant. The person in charge of the business did not file W2's but used a payroll company called Ahchor Payroll. When I requested copies o… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,664 satisfied customers
Question on an 1120s for a restaurant.. when entering the
Question on an 1120s for a restaurant.. when entering the wages paid to employees.. do you enter the total amount of box 1.. even though this box includes tips that did not run through the business? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,933 satisfied customers
My employees receive tips directly from customers. Tips are
my employees receive tips directly from customers. Tips are reported correctly via my payroll service provider. On my business tax return, if i enter the gross salaries, wages, & tips, it appears that… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,933 satisfied customers
I am a tipped employee in a small local houston texas restaurant.
I am a tipped employee in a small local houston texas restaurant. My employer deducts credit card processing fees for our tips. The amount deducted is not consistent and is never itemized on my pay st… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,933 satisfied customers
My son works as a waiter in a nice burger restaurant. The
My son works as a waiter in a nice burger restaurant. The restaurant reports the tips on his W2 but he is required to "tip out" the bartenders and bussers. He sait it is usually about 5% of his tips. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
1. When the total reported to owner am less than 8%, the
1. When the total reported to owner am less than 8%, the owner must allocate the difference between the actual tip income reported and 8% of gross receipts. In this case, how do we get gross receipts … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,933 satisfied customers
I am a Sole Proprietor and do not have a EIN. My child
I am a Sole Proprietor and do not have a EIN. My child worked part time for me during 2013, 2014 and 2015. He was 18 when he started. I payed him cash. He didn't make more than $1000 per year. I filed… read more
Anne
Anne
Master Tax Preparer
2,373 satisfied customers
Hello Megan. I have a client that owns a restaurant. Employees
Hello Megan. I have a client that owns a restaurant. Employees decalre tips. When I show net pay are these tips not included since they are paid to the employees cash by the patrons?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I am a waiter and made $1137 this month in salary and credit
I am a waiter and made $1137 this month in salary and credit card tips and had $356 deducted from my paycheck, i.e. over 31%. That seems excessive to me. Was too much money deducted, or is that the co… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
I am completing the W-2s for our employees. The total paid
I am completing the W-2s for our employees. The total paid in wages does not include the amount put into the employees retirement plan. That amount appears in box 14 "Other". My question is the amount… read more
Tax.appeal.168
Tax.appeal.168
Principal
5,034 satisfied customers
if I have an S corp (very small, owner and 2 emp) and I have
if I have an S corp (very small, owner and 2 emp) and I have filed bankruptcy on July 6, 2009 and acted as a sole proprietor from that date on, what dates should I list on my 1120S and my 1040? Would … read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor's Degree
252 satisfied customers
I am new to preparing payroll for a restaurant that has waitresses
I am new to preparing payroll for a restaurant that has waitresses and they receive tips. How do I prepare the payroll? Tips are subject to all payroll taxes, fica, federal and state - correct? I am f… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor's Degree
252 satisfied customers
Can I report tip income if I have no W-2 and was not an employee of th
I worked as a waitress for a restaurant but was not an employee. I worked for tips only. The tips were not reported and I did not recieve a W-2. I would now like to report the tips on my tax return an… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
i am a private contractor. i get 1099s for my work. i want
i am a private contractor. i get 1099s for my work. i want to pay some assistants to help me on a project. when i pay them, how do i report it to show that money i earned went to other people so that … read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I received 2 W-2 forms from my employer. I had moved ...
I received 2 W-2 forms from my employer. I had moved from Virginia to Maryland, so there was one for each state. My total income is listed on my Maryland W-2 under box 1- Wages, tips and other comp. N… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
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