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Tag Archives: Tip Income
Important Reminders about Tip Income
-Tips are taxable. You must pay federal income tax on any tips you receive. The value of non-cash tips, such as tickets, passes or other items of value are also subject to income tax. -Include all tips on your return. … Continue reading
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Tagged Camron Hoorfar, Hoorfar Law, Internal Revenue Service, IRS, Law Office of Camron Hoorfar, Tax Tip, Tip Income
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