Claiming cash tips for a house.?

Question

I work as a bartender and I am looking to buy a new home. The problem is that my employer is not claiming my cash tips for me. They are claiming my Credit card tips but my cash tips are about $500.00 a week or more! I need these tips on the books so I can purchase the house that my family wants. Can I get an accountant to file my tips weekly/monthly or do I have to wait till the end of the year?

Answer 1

you should claim the tips on your tax return.  there is a place on the IRS form for this purpose.  your employer is supposed to add the tips to your statement at a rate of 20 percent of your intake.  do your credit card tips amount to 20 percent?

Answer 2

I'm SURE the Revenue Dept. will be REALLY interested in hearing about your cash tips .. so interested that I bet they send some-one around  to 'have a chat' with everyone else working at  the bar :-)

Answer 3

Bartenders do not generally make enough money to purchase a house.