Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-17-2009, 10:50 PM
Junior Member
Join Date: Sep 2009
Posts: 1
limit on ss and medicare tax on tips less than $20 per month

Dear Sir,

while reading pub 17 I was puzzeled that an individual must not report tips less than $20 per month. However income tax is due- no ss and medicare taxes are due
could you please tell me as to why this rule was made and when it was made?

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
401k Tax for Foreign Nationals, SS and Medicare Tax Reimbursement ukjh Income 0 04-23-2009 12:58 PM
Medicare Part B deductibility 2%S Corp shareholder A Renne S-Corporation 0 04-20-2009 06:28 PM
Would an individual who retires at Age 62, be eligible for Medicare? TaxGuru Social Security 0 08-16-2008 01:16 PM
What is the Special 30% Limit for Capital Gain Property made to 50% Limit Org's?. TaxGuru Itemized Deductions 0 07-09-2008 11:35 AM
Can my parent apply for Medicare Part B Benefits at Age 64? Kathy Retirement Planning 1 02-23-2008 12:49 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning