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What Simply does not matter nearly as much as what the internal Revenue Service thinks, as well as the IRS position is crystal clear: Tips are taxable income.
Large corporations use offshore tax shelters all time but they do it properly. If they brought a tax auditor in and showed them everything they did, if the auditor was honest, he would say the relationship is perfectly positive. That should also be your test. Ask yourself, you actually brought an auditor in and showed them everything you did you reduce your tax load, would the auditor have to agree everything you did was legal and above blackboard?
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Filing Arrangements. Reporting income is not a requirement everyone but varies is not amount and type of sales. Check before filing to the business you finance a filing exemptions.
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