August 10 – Report Tips to Employer

If you are an employee who receives tips in the United States and your total tips for the month of July are $20 or more, you are required to report these tips to your employer by August 10th of the same year.

This reporting is done by filling out Form 4070A, “Employee’s Daily Record of Tips,” or any other method that your employer may provide for reporting tips.

It’s important to comply with this requirement, as it helps ensure that your tips are properly recorded for tax purposes, and it allows your employer to withhold the correct amount of income and payroll taxes on your tip income.

Please keep in mind that tax laws and due dates can change, so always double-check with the IRS or a tax professional to verify the most current information.

(206) 838-3800 — info@ygacpa.com

In Washington State, the reporting of tips to your employer is generally subject to the rules set forth by the federal government, specifically the Internal Revenue Service (IRS) guidelines.

The reporting process typically involves keeping a daily record of your tips and filling out Form 4070A, “Employee’s Daily Record of Tips,” or any other method your employer provides for reporting tips.

Keep in mind that while the federal requirement applies to all states, some states may have additional rules or regulations related to tipped employees. To ensure compliance with both federal and state requirements, you can check with the Washington State Department of Revenue or consult with a tax professional familiar with Washington State tax laws.

It’s always essential to stay informed about tax regulations, as they can change over time, and compliance with reporting requirements will help ensure you meet your tax obligations accurately.