CPE Credits: 2
Course Level: Basic
Prerequisites: None
Advance Preparation: None
Fees: $49 for Members and $60 for Nonmembers
Summary
The proper tax compliance for income from tips is difficult to understand for employers and employees as well as the tax professionals who represent them. This webinar will attempt to remove the mystery and provide practical information to properly apply the rules and comply with reporting requirements.
Objectives:
Upon completion of this webinar, you will be able to:
- Identify occupations where tipping is found to be a common practice.
- Compute allocated tips.
- Evaluate tip compliance rules and safe harbor provisions.
- Calculate the credits available for employers for tipped income.
- Complete Form 4137 for employees who do not report tips to their employer.
Presenter: Lawrence Zimbler, MST, EA