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Show If, More Lakeside Review South, Wednesday, April 4, 1984 Than $20 Monthly Taxes Are Owed on Tips If youre a wage earner in a service occupation, a nice tip brings a smile to your lace. But tips also bring some special tax responsibilities too. Tips are earned .income and that means they have to be reported when you file your tax return. A simple tax rule to remember is that if you receive less than $20 in tips while working for one employer during one month, you do not hae to report the tips to your employer. Just keep a daily.record of your tips and report the total with your other wages when you file your tax return. However, if you receive $20 or more in tips while working for any one employer during a month, then, you are required to report the amount of tips to your employer. The report must be given to your employer by the 10th day of the following month. Some employers may require you to report your tips more than once a month. Your employer is responsible for withholding Social Security or Railroad Retirement Tax as well as income tax. And. for cal ender years after 1982. owners of large food and beverage establishments where tipping is cus- new reporting requirements employ more than 10 employees generally are required to annually file a calendar year information return Form 8027. Employers Annual Information Return of Tip Income and Allocated Tips," with IRS ,, Your employer may have to allocate tips to you if the total amount of tips you report to your employer is less than your share of eight percent of the restaurant and beverage establishments total applicable sales. Tip allocations are made only to employees who receive tips directly from customers. The allocated amount is for reporting of tips allocable to you. In addition, regardless of whether you viously mentioned, your entry on your W-- 2 Awards for Excellence in Energy . , the year from your employer, the tip income you lave reported will be included in the salary amount. And, if you work for an establishment covered under the needs. And theyve learned that, thanks to company campaigns and employee volunteers, the United Way doesnt need an enormous staff of its own. That means most of the money will go to help those who need it. Thats why United Way is the most effective way to help. But most of all, your company asks you to support the United Way for the same reason youd want to yourself. They want to help all they can. United Way it works for All Thinks to you. A Public J in- clude The awards provide recognition of significant conservation and renewable energy achievements in Utah that demonstrate potential or actual energy savings and hold promise for expanded use through out the United States. Award nominations are due by April 15. at the Utah Energy Office, 3266 State Office Building, Salt Lake Citv. savings, impact on user behav- energy ior, economic impact, job creation, consumer outreach and education, innovation, and the generation of additional energy winners . . savings. State awards will be made by a subcommittee of the Utah Energy Conservation and Development Council, an advisory group to the governor.. Utah award recipients will be eligible for national recognition at the U.S. Department of Energy's Technology Transfer 80s awards program in Washington. UT, 84114. Energy innovations since January, 1980, in residences, agriculture, education and by business, industry, government, utilities and organizations will be considered for awards. A broad spectrum of energy related activities, ranging from research and technical decom velopments to grass-roo- OF US Sendee of This Publication U resenting munity organization, arc eligible Innovation. non-prof- any amount - 2. transferability, Companies have helped the United Way raise funds for as long as there has been a United Way. And for a lot of good reasons. Theyve learned that most of the money raised stays right in their own hometown, helping to meet local human 2, purposes only; employers should withhold taxes only on the tips reported by employees, not on the allocated amount. When you get your W-Wage and Tax Statement." for for recognition. Criteria for award selection preem- receive an allocation on your Form W-you are required to report as income all tips received. If you fail to report the full amount of your allocation as gross income, you must be able to substantiate the lesser amount reported with adequate books and records. To help tip earners with record keeping, the IRS has free forms available for keeping track of daily tips and also for monthly reporting tip income to employers. Write the IRS and ask for Document 5635. There is also a free guide about tip income. Its Publication 531. Reporting Income From Tips." Your tips can make the day. but they also include the responsibility of reporting them as income on your tax return. Energy Innovations Will Be Recognized The state of Utah is accepting nominations for the Governor's Ever wonder why your company runs a United Way campaign? ployer may include as a separate tomary and that normally Best award of Show Congratulations to all the winners in this years competition who were selected from 154 Utah high school finalists. . D.C. in July. it Further information on the awards program is available at the Utah Energy Office. Call or toll free at 533-666- Best of Show award 6 Elise Penrose Woods Cross ts Remove Studded Tires April 15 is the last day that Utah motorists will be allowed to use studded snow tires this spring. Motorists may, of course, continue to use snow tires without metal studs. According to Utah state law. studded snow tires may be used only from October 5 through April J5. In 1982 the deadline date was permanently extended from March 31 to April 15. Motorists who drive with studded tires after the April 5 deadline are subject to a citation for a misdemeanor violation. Sex Talk Class Dated ' , what preschoolers should know about sex prior to starting school and how to instill values arid morals in children. This program has been presented in various schools in the Davis County area, including Clearfield, Sunset and West How to FARMINGTON Talk to your Children About Sex, will be a special program 'for all parents presented at Farmington Elementary, 50 W. 200 S., April 12 at 7 p.m. Guest speakers for the program are Mike and Sue Bedard of Clinton. They will discuss Point. in time for... Just SPRING & EASTER Jolenei Announces its Spring FABRIC SME APRIL 5th thru 7, 1984 FABRIC ON SALE 990 - M19 - M 99 per yd. LACE ON SALE 5G each Starting At ZIPPERS 5 'M each Como Early For Bast Salaction J0LENE KNOWS WHAT VALUE MEANS! i A ik Layton Hills .ayton Hills Third Judges award Second Judges award Yancy Barker Susl Poulson Clearfield Woods Cross v. V, 61 4 Layton Hills Popular Vote award Tracy Jensen ' Morgan O EVS E ROAD 75 HAnniOVILLE Food Store) IJust North of Hormon 621-27- 7A A w Mas D'V Layton Hills First Judges award Jenne McCoun Woods Cross |