Celebrity Chef Says Small Businesses are Hurting Because of Government Policies
Biden previously promised that new IRS funding would not be used to increase enforcement against Americans making under $400,000 per year
IRS Plans To Raid Workers' Tip Jars
PUBLIUS SPECIAL GUEST: Andrew Gruel, is an American chef and television personality, who appeared as a judge on Food Network's Food Truck Face Off and is the founder, CEO and executive chef of the Calico Fish House, a seafood restaurant based in Sunset Beach, California.
A coming crackdown on $1.6 billion in unreported tips will continue the IRS' long and ugly history of targeting low-income Americans.
When President Joe Biden signed the Inflation Reduction Act last year, the White House touted how the bill's $80 billion in new funding for the IRS would "make our tax code fairer by cracking down on millionaires, billionaires, and corporations that evade their obligations."
It now appears that some of those resources—and some of the coming crackdown on tax evasion—will, quite predictably, be aimed at individuals earning considerably less.
This week, the Treasury Department and IRS announced plans to overhaul existing programs that track tips earned by service sector workers. The new Service Industry Tip Compliance Agreement (SITCA) program will "take advantage of advancements in point-of-sale, time and attendance systems, and electronic payment settlement methods to improve tip reporting compliance," according to the IRS.
Of course, workers who earn more than $20 in monthly tips are already required to report their tips to their employers, and those tips are supposed to be included in tax data sent to the IRS.
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Andrew Gruel, is an American chef and television personality, who appeared as a judge on Food Network's Food Truck Face Off and is the founder, CEO and executive chef of the Calico Fish House, a seafood restaurant based in Sunset Beach, California.