I work for Domino's and was wondering if when tax season comes I have to fill out anything special in regards to tips. Domino's reports all of my tips to the IRS and takes taxes directly out of my paycheck for tips. Will I have to pay additional taxes on my tipped earnings or has Domino's taken care of everything for me? Obviously I have kept all of my driver's slips for each delivery which include the amount of the delivery, tip received, and whether it was a credit card transaction in case I get audited, but is this all I have to do? Thanks.
2007-08-28 17:03:41 · 3 answers · asked by disco_stud61 2 in Business & Finance ➔ Taxes ➔ United States
If you reported all your tips to your employer, you don't have to do anything. The tips will be included on your W-2.
2007-08-28 17:19:28 · answer #1 · answered by Mark S 5 · 1⤊ 0⤋
As long as your tips are all reported to your employer, they'll be on your W-2 at the end of the year and you won't have to do anything special to report them. If you filled out your W-4 properly, then Domino's probably took out enough that you won't owe anything additional.
2007-08-29 05:04:41 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
From what you have said, Domino's reports all your tips to the IRS and takes taxes directly out of your paycheck. Nothing else for you to do then.
2007-08-28 17:24:37 · answer #3 · answered by Anonymous · 1⤊ 0⤋