Wednesday, February 8, 2023

On the IRS Instituting a New Tip Reporting System for the Service Industry - https://www.irs.gov/newsroom/irs-introduces-new-service-industry-tip-reporting-program

Big brother component aside, I'm actually not opposed to this. Tip are income and the folks who don't report it as income are technically cheating. HOWEVER, a policy like this coming from a fellow who promised us that the thousands and thousands of new IRS agents were only going to go after people making 400 K and up, probably not the greatest of optics.

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