Is Form 4137 for reporting hidden income?

Forum|Forum|1 year ago
March 3, 2025
1 reply
5 views

IRS instructions: Tax owed on tips you did not report to your employer, including any allocated tips shown on your Form(s) W-2 that you must report as income.

Bold is mine. Is it odd that the IRS states this? Are they really asking for unreported income?

I rarely get service and tip workers so I really don't know.

Edit: I am going to assume that my client reported all her tips to her employer. So, I think column d should report the same amount as column c.

Am I missing something important?

Lacerte Tax

This topic has been closed for replies.

Best answer by IRonMaN

Another mystery solved. Now on to Bigfoot and the Loch Ness Monster.

S

strongsilenceAuthor

Level 10

I see that the W-2 box 7 number was mistakenly input by me as Box 8. Thus F4137 was produced.

Channeling Emily Latella --- "never mind"

IRonMaNAnswer

Level 15

Another mystery solved. Now on to Bigfoot and the Loch Ness Monster.

Slava Ukraini!

sjrcpa

Level 15

There is, or was, some rule along the lines of tips of less than $20 in a month don't have to be reported to employer. It was a Long Time Ago I dealt with this, when $20 bought something, so it may not be accurate now.

The more I know the more I don’t know.

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