At the end of the year, your employer will provide a W-2 form reflecting your wages and the tips you reported; a copy goes to the IRS. You use the W-2 to file your tax return in April. Also, if you have an underpayment situation, your W-2 will show how much tax you still owe. It may be tempting to avoid the monthly hassle and not report your tips, but that could be a huge mistake. It lets you report overlooked tips and pay your fair share when you file your taxes. However, you could be on the hook for a big penalty: Tina Orem is a staff writer at NerdWallet, a personal finance website.
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Are you an entertainment reporter, too? Which tips provided above may — or may not work — in your country? Skip to main content. Leave this field blank. Five tips from the red carpet for entertainment reporting. Andy Shuai Liu February 20, More information about text formats. Web page addresses and e-mail addresses turn into links automatically.
Lines and paragraphs break automatically. Please log in or register in order to comment this post. She was a general assignment reporter at two newspapers and a business writer at two magazines. She writes on nutrition, obesity, diabetes and weight control for a project of the National Institutes of Health.
Ogunjimi holds a master's degree in sociology from George Washington University and a bachelor's in journalism from New York University. Video of the Day. Brought to you by Sapling. Journalists discuss entertainment reporting and its future U. Department of Labor Occupational Outlook Handbook: Find a Job Job Search by. Entertainment Reporter Job Description. Depending on which text editor you're pasting into, you might have to add the italics to the site name.
How to Interview a Celebrity.