
Get Irs 4070a 2005-2025
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Tips are reported separately on the W-2 because they are considered a form of income separate from regular wages. The IRS requires that these earnings be tracked and reported distinctly to ensure accurate tax calculations. This separation helps to clarify how much a worker has earned in tips and how much tax should be withheld. Utilizing the IRS 4070A can assist workers in recording these tips effectively.
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