03-17-2023, 05:08 AM
IRS looking to introduce new program that could erase cash tipping altogether
https://www.kwtx.com/2023/03/15/irs-is-looking-introduce-new-program-that-could-erase-cash-tipping-altogether/
WACO, Texas (KWTX) - The opportunity to leave a monetary tip for service is becoming more apparent when out shopping, and the IRS has taken notice.
It’s called the service industry tip compliance agreement, or S.I.T.C.A. for short, and it could change the way merchants receive tips.
As it stands now, when a card is used to pay, that information is sent to the IRS, automatically, even if you leave an unreported cash tip.
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