disco_stud61 asked:
I work for Domino’s and was wondering if when tax season comes I have to fill out anything special in regards to tips. Domino’s reports all of my tips to the IRS and takes taxes directly out of my paycheck for tips. Will I have to pay additional taxes on my tipped earnings or has Domino’s taken care of everything for me? Obviously I have kept all of my driver’s slips for each delivery which include the amount of the delivery, tip received, and whether it was a credit card transaction in case I get audited, but is this all I have to do? Thanks.
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I work for Domino’s and was wondering if when tax season comes I have to fill out anything special in regards to tips. Domino’s reports all of my tips to the IRS and takes taxes directly out of my paycheck for tips. Will I have to pay additional taxes on my tipped earnings or has Domino’s taken care of everything for me? Obviously I have kept all of my driver’s slips for each delivery which include the amount of the delivery, tip received, and whether it was a credit card transaction in case I get audited, but is this all I have to do? Thanks.
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If you reported all your tips to your employer, you don’t have to do anything. The tips will be included on your W-2.
From what you have said, Domino’s reports all your tips to the IRS and takes taxes directly out of your paycheck. Nothing else for you to do then.
As long as your tips are all reported to your employer, they’ll be on your W-2 at the end of the year and you won’t have to do anything special to report them. If you filled out your W-4 properly, then Domino’s probably took out enough that you won’t owe anything additional.