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Ask A CPA - Payroll Taxes

Tip Reporting - Form 4070

Employees must report tip income on Form 4070, Employee's Report of Tips to Employer, (PDF) or on a similar statement. This report is due on the 10th day of the month after the month the tips are received. This statement must be signed by the employee and must show the employee's name, address, and SSN. Your name and address. The month or period the report covers. The total tips received. No report is required from an employee for months when tips are less than $20.

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