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IRS looks to crack down on tips

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Posted By: Garnet, 2/8/2023 2:45:03 PM

Remember when we were told that the army of new IRS agents Biden wants to hire was only going to go after billionaires? Good times. If that’s the case, somebody should check to see if Bill Gates and Elon Musk have taken some side gigs slinging hash at a diner somewhere. (Of course, in Musk’s case it may come to that if he can’t get 10 million more people to sign up for Twitter Blue.) As it turns out, the Tax Man is launching a new program to crack down on tips received by wait staff in the food and beverage industry. That’s right.

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Reply 1 - Posted by: itsonlyme 2/8/2023 2:52:26 PM (No. 1398252)
And the many electorate sheep(including the MSM pukes) say, Baa Baa,........Orange Man Bad, Mean Tweets
6 people like this.

Reply 2 - Posted by: Mizz Fixxit 2/8/2023 2:56:50 PM (No. 1398256)
No surprise that the IRS is coming after wait staff tips. I almost always leave cash tips. So, the next crackdown by the democrat tyrants is to eliminate cash. Democrat tyrants. That is from the department of redundancy department.
13 people like this.

Reply 3 - Posted by: Kate318 2/8/2023 2:57:56 PM (No. 1398257)
Oh my Lord. Do you know what an awful job that is? Leave them alone.
14 people like this.

Reply 4 - Posted by: Dodge Boy 2/8/2023 3:05:36 PM (No. 1398259)
I pay cash to the guy who cuts my hair. This way, he doesn't have to report it as income and tips.
14 people like this.

Reply 5 - Posted by: zephyrgirl 2/8/2023 3:21:02 PM (No. 1398264)
Waiters and waitresses don't have high-priced accountants and lawyers, so they're easy prey for the IRS. I wonder what the value of unreported tips actually is. Most people pay with credit or debit cards these days, and tack the tip onto that. Only oldsters (like my DH and me) leave cash.
14 people like this.

Reply 6 - Posted by: snakeoil 2/8/2023 4:17:10 PM (No. 1398291)
I can think of a cocktail waitress from New York city that needs to be checked out. Please assign 100 IRS agents to AOC's case.
13 people like this.

Reply 7 - Posted by: Jesuslover54 2/8/2023 4:18:50 PM (No. 1398293)
And sometimes when they demand 20% they get nothing.
4 people like this.

Reply 8 - Posted by: WV.Hillbilly 2/8/2023 4:22:49 PM (No. 1398297)
#5 Most POS systems track the amount of every check by the server's ID. For bills paid in cash or for any tip left as cash outside of a credit card payment, the system tabulates the entire value of receipts the server handled and reports 20% as tipped income. Just leaving cash is no longer a way to help a server avoid the taxman and hasn't been in at least 2 decades.
5 people like this.

Reply 9 - Posted by: Rabidrabbit1 2/8/2023 4:25:09 PM (No. 1398303)
I think this will adversely affect more democrats than republicans. 🤣
2 people like this.

Reply 10 - Posted by: 3XALADY 2/8/2023 4:27:43 PM (No. 1398306)
#9 How? Democrats are sitting on their butts at home collecting disability while conservatives are usually out working so they can pay their bills and the taxman.
5 people like this.

Reply 11 - Posted by: lakerman1 2/8/2023 4:52:01 PM (No. 1398316)
it was Ronald Reagan who went after taxing tips, led by his OmB director, David Stockman. (Tip reporting was voluntary, up until then.) And it was Ronald Reagan and David Stockman who first went after the taxing of Social Security benefits. a silly notion at best.)Under Reagan, 50 % of Social Security was taxable. Dollar bill Clinton increasd that to 85%.
2 people like this.

Reply 12 - Posted by: john56 2/8/2023 5:12:56 PM (No. 1398321)
You have to be smart if you run a high-cash business or get tips. The IRS has a pretty good idea, for example, if you run a car wash, you need to buy supplies. If you buy enough supplies to wash 1000 cars but only report income for 50 cars, they're going to figure out that you probably have lots of buckets of quarters hanging around your house/office. Just don't get greedy.
2 people like this.

Reply 13 - Posted by: WhamDBambam 2/8/2023 5:53:28 PM (No. 1398346)
Bet AOC is sweating.
2 people like this.

Reply 14 - Posted by: chumley 2/8/2023 8:26:38 PM (No. 1398437)
Fair enough. No more tipping. You pay whats on the menu and thats it. Staff can negotiate an acceptable hourly wage, or a commission based on sales. No more "one price for the food and another for the waitress" deals. I'd be good with that.
2 people like this.

Reply 15 - Posted by: DVC 2/9/2023 1:34:56 PM (No. 1399018)
Yep, Joe said that he was going to "Tax the billionaires"......starting with the billionaires who wait tables, apparently. Dems beat the hell out of the people with fewer financial reserves and somehow, most of those same people vote for them, again and again. Because "You know that Democrats are for the little guy"......how sad.
0 people like this.

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Remember when we were told that the army of new IRS agents Biden wants to hire was only going to go after billionaires? Good times. If that’s the case, somebody should check to see if Bill Gates and Elon Musk have taken some side gigs slinging hash at a diner somewhere. (Of course, in Musk’s case it may come to that if he can’t get 10 million more people to sign up for Twitter Blue.) As it turns out, the Tax Man is launching a new program to crack down on tips received by wait staff in the food and beverage industry. That’s right.
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