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IRS to stop employer-only assessments for underreporting of tips.: An article from: The Tax Adviser

Author Marvin Michelman, Jason Harper, Terence Coppinger, Sumit Handa
Publisher American Institute of CPA's
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Book Details
ISBN / ASINB00097KD56
ISBN-13978B00097KD53
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸

Description

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on March 1, 1997. The length of the article is 2044 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The IRS has stated that will not continue to employer-only assessments for payroll taxes on allegedly underreported tip income in light of recent adverse rulings. Courts have rejected IRS efforts to estimate tip income based on aggregate sales figures and tip rates, citing that employment taxes are intended to be levied on taxpayers individually. Courts have also questioned the failure of the IRS to credit FICA and Social Security tax assessments to the individuals claimed to have earned income subject to the tax withholdings.

Citation Details
Title: IRS to stop employer-only assessments for underreporting of tips.
Author: Marvin Michelman
Publication:The Tax Adviser (Magazine/Journal)
Date: March 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n3 Page: 152(3)

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