Jul 13, 2023 · Certain food and beverage establishments use this form to claim a credit for social security and Medicare taxes paid or incurred by the employer ...

File Form 8846 if you meet both of the following conditions. 1. You had employees who received tips from customers for providing, delivering, or serving food or.

This credit is part of the general business credit and is reported on Form 3800 General Business Credit. Instructions for Form 8846 are on page 2 of the form.

This credit's target is to give employers a way to offset the Medicare, Social Security and taxes they have to pay on tips while also acknowledging the special ...

In an individual return, how do I enter information for Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips?

Duration: 12:28
Posted: Jul 7, 2023

An employer computes the credit on Form 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips. A partnership or an S ...

File Form 8846 if you meet both of the following conditions: 1. You had employees who received tips from customers for providing, delivering, or serving ...

Apr 9, 2024 · There are two options. Use the 8846 screen (on the second Credits tab). The credit is part of the General Business Credit (Form 3800).

Dec 19, 2022 · Completing Form 8846. Form 8846 is straightforward, with a total of six lines. The trick is to make sure your employees are accurately reporting ...