The Internal Revenue Service (IRS) is seeking public comment on a proposed tip reporting program between the tax agency and employers in service industries. On Monday, the agency issued a notice that ...

For the past two decades, tipped employees have had the responsibility of reporting their tips to the Internal Revenue Service. Like salaried wages, tips are subject to income and payroll taxes.

(NEXSTAR) – A program proposed by the Internal Revenue Service earlier this week would change how service industry employees and employers report taxable tips. The Service Industry Tip Compliance ...