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| *Ostroff, Fair and Company>>>Australia Taxes |
Do you have to claim on tips? |
Do you have to claim on tips so that it gets taxed? I'm thinking you do because it is income. Yes you do. You should keep good written records of the tips you get in case you get audited. If you get audited and don't have written records, the tax office have an "estimated rate" they impose on you for tip income, and it's much higher than you actually got in all likelihood! In the U.S. you do, it is considered income. I am not sure how tips work in your country but here in the USA u have to claim all earnings. |
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