The IRS will soon start cracking down on waiters' tips. Weren't those 87,000 new agents supposed to go after the rich?

Yo, remember when we found out that Biden had added 87,000 new IRS agents and then the government responded by saying they were only there to crack down on the rich?

Well, congratulations service industry peeps, you're now part of the 1%.
 

NEW: Biden's IRS plans to crack down on waiters' tips https://t.co/qTf8S1ujuu

— RNC Research (@RNCResearch) February 7, 2023

Yup, we're now cracking down on tips made by poor people at restaurants.

Great job, IRS. Really proud of you.



Seriously, they're coming after tips.

Out of all things.
 

The Service Industry Tip Compliance Agreement (SITCA) program would be a voluntary tip reporting system in which the IRS and service industry companies cooperate, according to the announcement Monday. As part of the proposal, the IRS will give the public until early May to provide feedback on the program before implementing it…

According to the IRS, the program would seek to "improve tip reporting compliance," reduce administrative burdens and provide more transparency and certainty to taxpayers.

I have one question for the IRS: What was all that "going after billionaires" talk?
 

https://t.co/caM9jd1AmL

— Mostly Peaceful Memes (@MostlyPeacefull) February 7, 2023

The proposed SITCA program is designed to take advantage of advancements in point-of-sale, time and attendance systems, and electronic payment settlement methods to improve tip reporting compliance. The proposed program would also decrease taxpayer and IRS administrative burdens and provide more transparency and certainty to taxpayers…

• The monitoring of employer compliance based on actual annual tip revenue and charge tip data from an employer's point-of-sale system, and allowance for adjustments in tipping practices from year to year.
• Participating employers demonstrate compliance with the program requirements by submitting an annual report after the close of the calendar year, which reduces the need for compliance reviews by the IRS.
• Participating employers receive protection from liability under the rules that define tips as part of an employee's pay for calendar years in which they remain compliant with program requirements.
• Participating employers have flexibility to implement employee tip reporting policies that are best suited for their employees and their business model in accordance with the section of the tax law that requires employees to report tips to their employers.

So you servers out there, it's time to get serious about counting your tips and entering them IN FULL every time you clock out. No more $8 in tips per hour, or whatever gets you to minimum compliance. You must now enter all 146 of those dollar bills into the system and pay up!

Everyone must pay their fair share!

Also, don't forget, if you won the pub fantasy football league you'll be monitored as well. Because the IRS will also be cracking down on your Venmo transactions. Continue to full story here.