Tips greatly appreciated.

[Tim Hicks (Texas)]

At first, I considered Fernando and Jimmy from Seinfeld, but the voice just didn't fit.

jimmy on seinfeld - Search Videos

www.bing.com

 

[TC]

Carson is still the best; I watch the reruns occasionally. Late night TV now is nothing but political nonsense.

 

[Fernando]

MSN

Senate unexpectedly passes the 'No Tax on Tips Act' in a unanimous vote​

 

[ZZGAMAZZ]

Plant corn early
Don't take wooden nickels
Don't believe the check is in the mail

--According to Chauncy Gardiner, AKA Peter Sellers in the movie "Being There."

 

[ZZGAMAZZ]

MSN

Trump tells a crowd in Las Vegas he is working with Congress on a bill to exclude tips from federal taxes​

I don't think USPAP or my clients say I can't get tips. I'll bring a tip jar.

I remember the year when tips were first taxed, mid-1980S's.

As an appraiser I once added $5,000 to the OV for five Oreo cookies that the borrower provided.
And $10,000 when another borrower told me that she was a stripper...
... but often surprised to realize that borrowers don't offer a gratuity that presumably would provide the greatest ROI in history....

 

[Dale Floyd]

Now that tips will be exempted from taxes up to the $25,000 annual limit, I’m compelled to ask……

What exactly qualifies as a tip? I get what it is in the restaurant business but other situations puzzle me. If your landscaper mows the yard and you hand him $300 without him invoicing you, is that a tip or a wage?

Who keeps count of the annual amount, and how? No 1099-NEC filing is required for amounts less than $600 still, right? So who will be keeping tabs of the “tips” given?

I’m glad for the no-tax rule but just curious how it will work on the accounting side.

 

[Zoe]

Now that tips will be exempted from taxes up to the $25,000 annual limit, I’m compelled to ask……

What exactly qualifies as a tip? I get what it is in the restaurant business but other situations puzzle me. If your landscaper mows the yard and you hand him $300 without him invoicing you, is that a tip or a wage?

Who keeps count of the annual amount, and how? No 1099-NEC filing is required for amounts less than $600 still, right? So who will be keeping tabs of the “tips” given?

I’m glad for the no-tax rule but just curious how it will work on the accounting side.

I don't know. I don't know how business that was used to handling all the tips will handle it. I know some waiters don't share tips. If you have more than one waiter, and you only tip one, they don't share.

I think some business collect all the tips and share with employees equally. I don't know how it will be handled by a CPA.

 

[Zoe]

Fernando said they don't tip overseas in some countries. He said it is an insult if you try to tip them.

I guess they see it as you are wanting more than you already got. LOL

You are being too forward.

 

[Zoe]

You have to watch your ticket here. Sometimes the tip is already in the bill.

Gratuity.

 

[TC]

Sea Bisquet in the 8th.