Form 4070A PDF Details

Tracking and reporting tips can seem like a daunting task for many employees in the service industry, but understanding the role of Form 4070A can make the process much more manageable. Provided by the Department of the Treasury and the Internal Revenue Service, this form is designed to simplify the daily record-keeping of tips received, whether directly from customers or via credit and debit card transactions. Recognized for its voluntary use, it acts as a convenient tool for employees to maintain accurate records of their tip income. This documentation not only aids employees in reporting their total cash and credit card tips accurately using the Form 4070 but also assists in the calculation of tips paid out to other employees, ensuring that tip outs are accounted for properly in financial records. The form itself details necessary information such as employee and employer names, the establishment name if different, along with dates and totals for easier tracking and review. While the process might seem complex at first, Form 4070A offers a structured method to navigate through the intricacies of tip reporting, underlining its significant role in financial record-keeping within the service sector.

QuestionAnswer
Form NameForm 4070A
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesform 4070a employee daily record tips, irs form 4070a printable, form 4070 a, daily tip reporting form

Form Preview Example

Form 4070A

(Rev. August 2005)

Department of the Treasury Internal Revenue Service

Employee’s Daily Record of Tips

This is a voluntary form provided for your convenience.

See instructions for records you must keep.

OMB No. 1545-0074

Employee’s name and address

 

Employer’s name

 

Month and year

 

 

 

 

 

 

 

 

 

 

 

 

 

Establishment name (if different)

 

 

 

 

 

 

 

 

 

 

 

Date

Date

a. Tips received

b. Credit and debit

c. Tips paid out to

 

d. Names of employees to whom you

tips

of

directly from customers

 

card tips received

other employees

 

paid tips

rec’d

entry

and other employees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

5

 

 

 

 

 

 

 

 

Subtotals

 

 

 

 

 

 

 

For Paperwork Reduction Act Notice, see Instructions on the back of Form 4070.

Page 1

Date

Date

a. Tips received

b. Credit and debit

c. Tips paid out to

d. Names of employees to whom you

tips

of

directly from customers

card tips received

other employees

paid tips

rec’d

entry

and other employees

 

 

 

6

7

8

9

10

11

12

13

14

15

Subtotals

Page 2

Date

Date

a. Tips received

b. Credit and debit

c. Tips paid out to

d. Names of employees to whom you

tips

of

directly from customers

card tips received

other employees

paid tips

rec’d

entry

and other employees

 

 

 

16

17

18

19

20

21

22

23

24

25

Subtotals

Page 3

Date

Date

a. Tips received

b. Credit and debit

c. Tips paid out to

d. Names of employees to whom you

tips

of

directly from customers

card tips received

other employees

paid tips

rec’d

entry

and other employees

 

 

 

26

27

28

29

30

31

Subtotals from pages 1, 2, and 3

Totals

1.Report total cash tips (col. a) on Form 4070, line 1.

2.Report total credit and debit card tips (col. b) on Form 4070, line 2.

3.Report total tips paid out (col. c) on Form 4070, line 3.

Page 4

How to Edit Form 4070A Online for Free

Whenever you need to fill out form 4070 a, you don't need to install any sort of programs - simply make use of our online PDF editor. The editor is consistently updated by our team, acquiring awesome features and turning out to be much more convenient. Should you be looking to start, here's what it's going to take:

Step 1: Click the "Get Form" button above on this page to open our editor.

Step 2: As soon as you launch the online editor, you will find the document made ready to be completed. In addition to filling in various blank fields, you may as well do other sorts of things with the form, including writing your own words, modifying the initial textual content, adding illustrations or photos, putting your signature on the document, and a lot more.

This PDF form requires specific details to be entered, so ensure you take some time to fill in exactly what is required:

1. It's essential to complete the form 4070 a properly, thus be mindful while working with the areas containing these blank fields:

Learn how to fill out tip reporting form 4070 printable part 1

2. Once your current task is complete, take the next step – fill out all of these fields - Date tips recd, entry, directly from customers, and other employees, b Credit and debit card tips, c Tips paid out to other employees, d Names of employees to whom you, paid tips, Subtotals, and Page with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Writing segment 2 of tip reporting form 4070 printable

3. This third stage is usually easy - complete all of the fields in Date tips recd, entry, directly from customers, and other employees, b Credit and debit card tips, c Tips paid out to other employees, d Names of employees to whom you, paid tips, Subtotals, and Page in order to complete this part.

Date tips recd, directly from customers, and c Tips paid out to other employees in tip reporting form 4070 printable

Be really careful while filling in Date tips recd and directly from customers, because this is where many people make some mistakes.

4. Your next subsection will require your attention in the subsequent parts: Date tips recd, entry, directly from customers, and other employees, b Credit and debit card tips, c Tips paid out to other employees, d Names of employees to whom you, paid tips, Subtotals from pages and, Totals, Report total cash tips col a on, Report total credit and debit, Report total tips paid out col c, and Page. Remember to fill out all required details to move onward.

tip reporting form 4070 printable conclusion process described (part 4)

Step 3: Just after proofreading your fields you've filled in, hit "Done" and you're done and dusted! Right after starting afree trial account with us, it will be possible to download form 4070 a or send it through email immediately. The document will also be accessible through your personal cabinet with your every change. Here at FormsPal, we do our utmost to ensure that your information is maintained private.