Get the free U.S. TREAS Form treas-irs-4137-1992

This form is used to calculate the social security and Medicare tax owed on unreported tips received by individuals, which they did not report to their employer. It helps ensure compliance with tax

How to fill out us treas form treas-irs-4137-1992

How to fill out U.S. TREAS Form treas-irs-4137-1992

1. Obtain Form 4137 from the IRS website or through IRS offices.
2. Enter your name, address, and Social Security number at the top of the form.
3. In Section A, report your wages from your job where tips were received.
4. Calculate the total tips received during the year and enter that amount in Section B.
5. Complete Section C by calculating the total amount of tips reported to your employer.
6. Use Section D to determine the amount of additional social security tax owed on unreported tips.
7. Review all calculations for accuracy before submission.
8. Sign and date the form at the bottom before mailing it to the appropriate IRS address.

Who needs U.S. TREAS Form treas-irs-4137-1992?

1. Employees who receive tips in their jobs and owe additional Social Security and Medicare tax on those tips need to fill out Form 4137.
2. Anyone who did not report all tips to their employer and has a liability for unreported tips.

People Also Ask about

What does IRS mean in the USA?

Internal Revenue Service Internal Revenue Service / Full name

What is the penalty for filing Form 4137?

The IRS notes that if you fail to report your tips, you could face a penalty equal to 50% of the Social Security and Medicare taxes due on those tips. With that being said, don't hide cash in your pockets. Most tips are given in the form of cash.

What is the full form of IRS in US payroll?

The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.

How much is the IRS tax in the USA?

Internal Revenue Service (IRS) The Internal Revenue Service (IRS) administers and enforces U.S. federal tax laws.

What is another meaning of IRS?

Internal Revenue Agents Overview & Description Internal Revenue Agents determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

What are IRS agents in the USA?

2024 tax rates for a single taxpayer Tax rateon taxable income from . . .up to . . . 10% $0 $11,600 12% $11,601 $47,150 22% $47,151 $100,525 24% $100,526 $191,9503 more rows

For pdfFiller’s FAQs

What is U.S. TREAS Form treas-irs-4137-1992?

U.S. TREAS Form treas-irs-4137-1992 is a tax form used to report tips received by employees in the United States, specifically for calculating the amount of tips reported to the IRS for tax purposes.

Who is required to file U.S. TREAS Form treas-irs-4137-1992?

Employees who receive tips as part of their compensation are required to file U.S. TREAS Form treas-irs-4137-1992, particularly if they have received $20 or more in tips in a month or have tips that were not reported to their employer.

How to fill out U.S. TREAS Form treas-irs-4137-1992?

To fill out U.S. TREAS Form treas-irs-4137-1992, individuals must provide their personal information, report the total amount of tips received, indicate any allocated tips by their employer, and calculate the tax due on the unreported tips.

What is the purpose of U.S. TREAS Form treas-irs-4137-1992?

The purpose of U.S. TREAS Form treas-irs-4137-1992 is to ensure accurate reporting of tip income for tax purposes and to assist in the calculation of the necessary income tax owed on that income.

What information must be reported on U.S. TREAS Form treas-irs-4137-1992?

Information that must be reported on U.S. TREAS Form treas-irs-4137-1992 includes the total amount of tips received, allocated tips, the taxable amount of tips, and any additional information pertinent to tips not reported to the employer.