Show navigation

Available in:

OnDemand Webinar

Gratuity: Taxation and Management of Tipped Employees

The IRS has been training its revenue agents in auditing tip reporting. If your business is one whose employees are regularly paid tips, you will find the information on how to report and allocate the tip amounts helpful. Do you have a system in place? Are you at risk for a tip audit from the IRS?

This on-demand webinar will assist you in reviewing your process around gathering tip information from your employees. At the end of the program, you will understand how to account for your employees’ tips and how to report them to the IRS.

Learning Objectives:

  • You will be able to define tips.
  • You will be able to explain how to allocate tips properly.
  • You will be able to discuss how to report tips to employee.
  • You will be able to explain how to participate in the IRS Voluntary Compliance Program.

Runtime: 88 minutes
Purchase Options

More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Terminology

Employer Tip Reporting Requirements

Allocation Methods for Reporting Tips

Collecting Tax From Employees on Tips

How to Handle Credit Card Tips

Electronic Tip Reporting

IRS Voluntary Compliance Program

Tip Rate Determination Agreement

Tip Reporting Alternative Commitment

Gaming Industry Tip Compliance Agreement

How to Report Tips on Form W-2

Employee Tip Reporting Requirements

Forms 4070 and 4070-A

Tipped Employee Participation Agreement

Reporting Tips on Forms 1040 and 1040EZ

Purchase Options

More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

No credit available.

Purchase Options

More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mary H. Angelbeck

Mary H. Angelbeck

  • Retired member of Ernst & Young’s National Employment Tax/Information Reporting Group
  • Enrolled agent with the IRS
  • More than 30 years of experience in the field of taxation, both as a state administrator and as a consultant
  • Practice included managing large payroll restructuring projects; payroll tax advisory services related to mergers and acquisitions; providing year-end federal, multistate, and local payroll tax advisory services; payroll related federal, state and local tax controversy; and federal as well as state and local information reporting (1099 and 1042-S) issues
  • Speaker for local chapters of the American Payroll Association, the New York University Annual Institute on State and Local Taxation, the Federation of Tax Administrators, the Tax Executives Institute, the Counsel on State Taxation, The American Bar Association, the Pennsylvania Institute of CPAs and Lorman Education Services
  • Can be contacted at [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 393253
Published 2014
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!