Employees that receive tips

0 Comments

Are you an employee that receives tip income? Here is some record keeping information. Before, there was a form 4070 to help you with recordkeeping. Now, that form is not used. You keep a notebook with a daily tip record. You can also use an electronic tip record if provided by your employer. Print out […]

Deadlines for estimated tax payments

0 Comments

Individuals on calendar year should make quarterly estimated payments on or before these dates: If you first have income on whichyou must pay estimated tax: Make installments by: Make later installments by: Before April 1 April 15 June 15, Sep. 15, Jan. 15 next year April 1- May 31 June 15 Sep. 15, Jan. 15 […]