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Biden’s IRS Wants To Target Waitstaff Tip Money

ByPimpHesus

Feb 10, 2023

President Joe Biden’s IRS (Internal Revenue Service) wants to target waitress and waiter tip money through a system of “voluntary” reporting. The goal is to make sure waitstaff across the country is tax compliant. This has been a notoriously difficult thing to do considering how quickly food service operates. Tips are also often given in cash, which can easily be misreported if reported at all.

The Service Industry Tip Compliance Agreement (SITCA) program would be a joint effort between restaurants and the IRS. In a nutshell, an “average” dollar amount that should be reported in a particular area will be determined. If a server falls far below this average, then there may be an audit from the IRS to determine if this anomaly is purely happenstance or an attempt to dodge the law.

All of this news comes on the heels of the federal government announcing 87,000 new IRS agents. The White House may say that the new agents are necessary to target the rich. However, with programs like this that target the restaurant industry, IRS agents may be busy continuing to drain the middle class and below dry.

SOURCES:

Biden’s IRS plans to crack down on waiters’ tips | Fox News

IRS proposes new reporting program for tips in the service industry

The post Biden’s IRS Wants To Target Waitstaff Tip Money appeared first on Anthony Brian Logan.