Is the No Tax on Tips Myth? Unraveling the Truth About Cash and Reported Tips
Is the No Tax on Tips Myth? Unraveling the Truth About Cash and Reported Tips The idea that cash tips are untaxable is a persistent misconception. Many believe that if a tip isn’t reported to their employer, it effectively escapes the taxman’s grasp. However, this is a dangerous and potentially illegal misunderstanding. The truth is … Read more
