Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by dehrmann on Saturday September 26, 2020 @05:21PM
(#24602239)
I like how that comment phased it in a way that didn't deny owing the money.
IIRC, the IRS assumes some amount of tips per time worked and expects taxes for that.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by FireBeyond on Saturday September 26, 2020 @08:55PM
(#24603361)
Kinda. If you document your tips in a manner acceptable, you're taxed on those. If you don't document, then there's effectively a "standard assumption", in cash-heavy or tip-heavy/driven jobs.
The flip side of this is that many servers don't document because, well, they make above the standard assumption.
Did you owe it?