The IRS has issued a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program. The SITCA program would be a voluntary tip reporting program between the IRS and service industry employers (excluding gaming industry employers) with at least one business location operating a “covered establishment.” Generally, a covered establishment is an employer’s business location that has tipped employees using a technology-based time and attendance system to report tips. The SITCA program would replace existing tip reporting compliance programs for employers in service industries. For more information from the IRS: https://bit.ly/3HE5onn
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