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Level 1
April 8, 2023
Question

If a person does not files taxes for a few years and then files what is the purpose of the form4137?

  • April 8, 2023
  • 1 reply
  • 7 views
I have a client that did not file his taxes for 4 years! We did his taxes and it required me to fill out the 4137 form? So I am trying to understand why I needed the form 4137?
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1 reply

qbteachmt
Level 15
April 8, 2023

The IRS knows:

"Use Form 4137 only to figure the social security and Medicare tax owed on tips you didn't report to your employer, including any allocated tips shown on your Form(s) W-2 that you must report as income. You must also report the income on Form 1040, 1040-SR, or 1040-NR, line 1c."

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