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Tip reporting sheet Form: What You Should Know

Date Type of employer Name, address (if different from that on the employee's business card) Signature Date of birth Address of employer's address or mobile phone number as contact Employer's mailing address Employer's phone number and home or mobile phone number Sole proprietor Other employees who contributed by the amount of such payments for their services Amount of tips received per employee Amount of tips withheld or estimated tax due to you Cash, credit or debit card tips and personal tips paid at least once each month Business owner Employer should designate on Form 4070A the employee. Employee's Report of Tips to Employer (Form 4070A). Form 8029—Tax Form for  Employee's Weekly/Daily Record of Tips Received ▷ This tax form is used for reporting the weekly or daily record of tips, except as modified below. If you will be receiving the amount of the tips in a different form (e.g. Tipping Hour), you must use either the form above to report the amount of the actual tips received. Form 8029 — IRS ▷ This tax form is used for reporting receipts for any tips from customers as of the 15th day of each month. The filing agent will prepare Form 6029, Receipt Tax For Certain Tips Received, in the exact form for Form 8029 required by the state. You may use Form 8029—Employee's Weekly, Daily or Monthly Record of Tips Received, (Form 8029-ES) for  report-keeping purposes but not as a substitute for Form 6029, which is for receipt-based reporting. Payment of tips to any person on your payroll must be made in cash, or in the form of credit, debit, prepaid credit card or similar device and may be made to the person on your payroll. (If the tip is received on a credit card, the amount of the tip will be adjusted to the amount of the tip-free day or other payment date that is specified in the terms and conditions of the credit card.) Note: If you report cash tips from a business card, you should use the Form 8029-ES form to report the tips received. If you receive cash tips from a business card from a customer who do not get any other cash tips from the same vendor, you must use either the form above or Form 6029 for reporting the credit or debit tips.

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