Tip recordkeeping and reporting Internal Revenue Service

As an employer, you have responsibilities in the employment relationship between you and the person. For more information, see archived Interpretation Bulletin IT-365R2, Damages, Settlements and Similar Receipts. To find out how to report pension adjustments under these circumstances, go to Pension Bookkeeping for Startups Adjustment (PA). An amount paid under normal collective bargaining, such as negotiated […]