Tennessee Department of Commerce & Insurance says Free Consumer Tax Help Available through IRS Taxpayer Advocate Service
March 22, 2016
Nashville, TN – With Tax Day only a month away, the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs wants the public to know they have a voice at the Internal Revenue Service (IRS).
“For many, filing income taxes is a task that can be time-consuming and stressful,” TDCI Deputy Commissioner Bill Giannini said. “Our Consumer Affairs team and our partners with the IRS Taxpayer Advocate Service remind Tennesseans that tax help is just a phone call away.” [Read more]
Four Tax Tips about Tip Income
February 7, 2011
Washington, D.C. – If you work in an occupation where tips are part of your total compensation, you need to be aware of several facts relating to your federal income taxes. Here are four things the IRS wants you to know about tip income:
1. Tips are taxable. Tips are subject to federal income, Social Security and Medicare taxes. The value of non–cash tips, such as tickets, passes or other items of value, is also income and subject to tax. [Read more]
