#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

How do I know if I have unreported tax income?

If you’re an employee and a customer directly or indirectly gives you extra money in addition to the amount they pay for services or a product, that’s considered a tip. For example, if you’ were a waiter/waitress in a restaurant, a customer will pay the bill and decided to leave you $20 cash on the table for your awesome service.

Generally, if you receive more than $20 a month in cash tips, you must report them to your employer. The key word here is “cash” which includes tips a customer leaves on a credit/debit card charge. Unreported tip income occurs when you don’t have to report the cash tips you made to your employer because it was less than $20 total for the month and/or you received non-cash tips such as a tickets to an event or other items of value.

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