Topic 761, Tips – Withholding & Reporting General tax information including rules on reporting and withholding on tips. Tip Recordkeeping and Reporting General tax information on reporting tips. Voluntary Tip Compliance Agreement Information on voluntary compliance agreements which are designed to enhance tax compliance among tipped employees. Rev. Rul. 2012-18 – Provides guidance for employers and employees in a question and answer format regarding social security and Medicare taxes imposed on tips, including information on the difference between tips and service charges, the reporting of the employer share of social security and Medicare taxes under section 3121(q), and the section 45B credit. Rev. Proc. 2007-32 – This revenue procedure provides an updated model Gaming Industry Tip Compliance Agreement for use by the Internal Revenue Service and gaming industry employers. The new model agreement has been revised to enhance administration of the GITCA Program by both the employers and the Service and to facilitate and promote the use of current financial information technology in the tip reporting process. Rev. Proc. 2020-47 – This revenue procedure modifies the general procedures used by the IRS to implement the Gaming Industry Tip Compliance Agreement (GITCA) program. The GITCA program allows gaming industry employers to enter into voluntary agreements with the IRS to establish minimum tip rates for tipped employees in specified occupational categories. The GITCA program was established by Rev. Proc. 2003-35 and updated by Rev. Proc. 2007-32 with a new model GITCA. This revenue procedure modifies Rev. Proc. 2007-32 by extending the expiration and renewal term of a GITCA from three to five years. Forms & Instructions Form 4137, Social Security and Medicare Tax on Unreported Tip Income Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips Publications Publication 531, Reporting Tip IncomePDF Publication 3144, Tips on Tips (A Guide to Tip Income Reporting) for EmployerPDF Publication 3148, Tips on Tips (A Guide to Tip Income Reporting) for EmployeePDF Publication 3148 (SP), Tips on Tips - A Guide to Tip Income Reporting for Employees Who Receive Tip Income (Spanish version)PDF Publication 4932, Gaming Industry Tip Compliance Agreement (GITCA)PDF Publication 4936, Your Guide to Maintaining and Complying with GITCAPDF Publication 4985, Gaming Industry Tip Compliance Agreement for Tipped EmployeesPDF Publication 4985 (SP), Gaming Industry Tip Compliance Agreement for Tipped Employees (Spanish Version)PDF Publication 5111, Gaming Industry Tip Compliance Agreement (GITCA) Benefits to ParticipantsPDF Publication 5112, Tip Rate Determination Agreement (TRDA) Benefits to ParticipantsPDF Videos Tip Information for the General Audience – This webinar provides the definition of a tip. It will explain the reporting obligation for tips under the law and the benefits of reporting tips. Tip Agreement Year-End Reporting Obligations – This webinar discusses year-end reporting obligations for those with Tip Agreements. Topics also include required annual reports, tips on improving year-end reporting for Form 14439 Employee Data Report, and more. Form 8027 and Large Food Beverage Establishments – This webinar will overview the Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips. Employer-Computed Tip Reporting Process Certification for Gaming Industry Tip Compliance Agreements – This webinar provides an overview of payroll certification for the tip industry. Covered topics include identification of the agreement, understanding the reporting requirements and the authority under which the Employer-Computed Tip Reporting Process applies, and much more. Employee Presentations for Tip Agreements with Tip Rates – This webinar will cover the definition of tips, employee obligations to report tips, tip agreements and how they work and much more. Reporting Tips – This video introduces how employees report tips to their employer. Employers should remind their employees that all tips received are taxable. They should report their tips to their employer. The best way to do this is to use IRS Form 4070, Employee's Report of Tips to Employer, or a similar statement. Reporting Tip Income - The Jill and Jason Show – This video is for employees in industries who may receive tips as part of their income. Tip Information for the Cosmetology Industry – This webinar will give an overview of tip reporting requirements related to the Cosmetology Industry, including definition of tip income, responsibilities of employees, salon owners, cosmetology students and much more.
