2023 Form 4137 - Social Security Medicare Tax On Unreported Tip Income

As an employee, you may receive tips as part of your compensation. However, if these tips are not reported to your employer, you may be required to report them on your tax return. This is where Form 4137 comes in. In this post, we will explore what Form 4137 is, who needs to file it, and how to complete it.

What is Form 4137?

Form 4137 is used to calculate the Social Security and Medicare tax owed on tips that were not reported to an employer. This form is specifically designed for individuals who have received tips that were not included in their employer's payroll records.

Who Needs to File Form 4137?

Individuals who have received tips that were not reported to their employer are required to file Form 4137. This includes employees who received tips that were not included in their employer's payroll records, employees who received tips that were not reported to their employer, and self-employed individuals who received tips that were not reported on their tax return.

For the current tax year version of Form 4137, please go here.