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What is IRS Publication 1244, Employee’s Daily Record of Tips and Report to Employer?

IRS Link to Publication — Found Here

This publication contains both Form 4070A – Employee’s Daily Record of Tips, and Form 4070 – Employee’s report of Tips to Employer. It also gives detailed instructions for how to report tips, which generally includes any cash or credit card tips over $20 in a month.

Publication 531 gives additional details about reporting tip income. Employees who earn tips over $20 a month must report them on Form 4070. At the end of the year, all tips, even those not reported due to being under $20, are to be reported on the individual’s 1040 for income tax.

Publication 1244 details all of the necessary information and contains both the 4070 and the 4070A for keeping up with tips and reporting them to the employer. For additional details, Publication 531 can serve as reference.

Keywords: Publication 531, Form 4070A, server's tips, waiter and waitress tips,