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Get Form 4137
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How to fill out the Form 4137 online
Filling out the Form 4137 is essential for accurately reporting social security and Medicare taxes owed on unreported tip income. This guide provides clear, step-by-step instructions to assist you in completing the form online with confidence.
Follow the steps to complete the Form 4137 online effectively.
- Click ‘Get Form’ button to obtain the form and open it in the online editor.
- Enter your social security number and the name of the person who received tips. If you are married, complete a separate Form 4137 for each spouse with unreported tips.
- Calculate the total cash and charge tips you received for the year by adding amounts from line 1, column (c). Enter this amount in line 2.
- Subtract the amount on line 3 from line 2. This figure represents the income you must include on your main form (such as Form 1040).
- For line 11, calculate social security tax by multiplying the amount on line 10 by the tax rate of 0.062. For line 12, calculate Medicare tax by multiplying the amount on line 6 by the tax rate of 0.0145.
- Once all sections are filled out accurately, save your changes, and you can download, print, or share the completed Form 4137 as needed.
Ensure your tax documents are complete by efficiently filling out the Form 4137 online today.
An employee must use Form 4137, Social Security and Medicare Tax on Unreported Tip Income, to report the amount of any unreported tip income to include as additional wages on their Form 1040, U.S. Individual Income Tax Return, or Form 1040-SR, U.S. Tax Return for Seniors, and the employee share of Social Security and ...
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