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During functions as your own Depression and World War II, tips income tax rate rose again, reaching 91% your war; this top rate remained basically until 1964.
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What Amazingly exciting . does not matter nearly as much as what the internal Revenue Service thinks, and the IRS position is crystal clear: Tips are taxable income.
Avoid the Scams: Wesley Snipe's defense is that he was target of crooked advisers. He was given bad advice and acted on which it. Many others have been made victims of so-called tax "professionals" were being really scammers in disguise. Make sure to do your research and hire only legitimate tax professionals. Be extremely careful of what advice you follow and just hire professionals that could possibly trust.