4137x Apr 2026

: The completed form must be attached to your annual income tax return . The calculated tax is typically reported on Schedule 2 (Form 1040) . Consequences of Non-Compliance

: If you received $20 or more in cash and charge tips in any calendar month and did not report the full amount to your employer . : The completed form must be attached to

: Failure to report required tips to your employer can lead to a penalty equal to 50% of the Social Security and Medicare taxes due on those tips . : The completed form must be attached to

: You must maintain a daily tip log or other adequate records to support the figures reported on the form . : The completed form must be attached to