Form 8027: Your Guide to Reporting Tip Income

If you own a bar, restaurant, or other food or beverage business, tips are likely a part of doing business. Bar and restaurant owners usually pay tipped employees a base hourly wage and tips make up the remainder of their compensation. Reporting employees’ wages and withholding on their W-2s is complicated enough, but figuring out … Continue reading Form 8027: Your Guide to Reporting Tip Income