I am doing my income taxes. I am just wondering how much other waitresses put for the amount of tips they make. In 7 months I made approximately 10,000 in tips. How much would you put that I made of that? A lot of this was all in cash, and If I understand correctly, there is no way the government can track this down. Thanks for your help
2007-04-07 06:26:47 · 9 answers · asked by ? 2 in Food & Drink ➔ Other - Food & Drink
When I was working at a coffee house we had a tip jar on the counter, and split the tips among the employees each week. On our taxes, the government automatically taxed us in advance on the assumption that we made $0.50 an hour in tips (we actually made $1.00-$2.00 an hour). So I would say to declare about half, as long as that seems reasonable.
My boyfriend is a waiter, and he doesn't make nearly as much in tips as you did, so to say you made $5,000 is probably pretty realistic.
And don't worry about the other answerers who are giving you holier-than-thou lectures about taxes. You know they all cut every corner they can, too, and anyone who has worked a service job knows how hard it is to make a living that way. Nobody who has ever been a waiter/waitress would give you flak about this, but some people think they are superior to us lowly service folk.
2007-04-07 06:58:01 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Every time I clocked out, the POS would give me a printout of how much I did in sales. I was "instructed" to take that amount (with tax) times .08. (Or 8%). That would get me up to minimum wage. I'd usually add just a few more bucks so it seemed real.
There were some shifts when I made less, and shifts where I made a ton more. I figured it all evened out in the end.
2007-04-07 06:41:33 · answer #2 · answered by chefgrille 7 · 0⤊ 0⤋
Yes, but if you put down an unrealistic amount for tips you run the risk of being audited.
2007-04-07 06:29:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Keep it legal. Even if the government isn't watching, GOD is watching.
You will sleep better. Your conscious will stay stronger. It is always easier to keep track of the truth.
2007-04-07 06:34:17 · answer #4 · answered by kitchenheatindex 5 · 0⤊ 0⤋
Why don't you put down zero? This seems to be equal to the amount of ethics you have.
Why do honest taxpayers always have to carry the weight of the freeloaders who feel their above paying their share?
2007-04-07 06:31:31 · answer #5 · answered by Richard C 1 · 1⤊ 2⤋
You must declare all of it. It is illegal to not to. But of course you won't, and you wont get taxed on it. This is why I don't believe in tipping. If waitresses would declare their tips on their taxes then I would tip, but they don't, so I don't.
2007-04-07 06:30:44 · answer #6 · answered by Anonymous · 0⤊ 3⤋
the government uses a formula to figure what you probably made, so be careful.
2007-04-07 06:29:42 · answer #7 · answered by Anonymous · 1⤊ 0⤋
the safest way to do it is check with your fellow employees and see how much they claimed and go in that range but don't tell them anymore than ya have to.
2007-04-07 06:32:48 · answer #8 · answered by Jim W 3 · 0⤊ 2⤋
your tax service could give you best answer..
2007-04-07 06:29:59 · answer #9 · answered by eviot44 5 · 0⤊ 0⤋