IRS proposes new reporting program for workers who earn tips

Photo by: WDAY Radio Staff
Photo by: WDAY Radio Staff

(Washington, DC) -- The IRS is proposing a new program for employers whose workers earn tips.

The tax agency opened a 60-day public comment period this week on what would be a voluntary program.

Participating employers would have to submit an annual report to improve what the IRS calls tip reporting compliance. This would reduce the need for compliance reviews by the IRS.

The public comment period ends May 7th.