Credit for Employer Social Security
Taxes Paid on Employee Tips
[4830-01-u] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 8699] RIN 1545-AV06
TITLE: Credit for Employer Social Security Taxes Paid on Employee Tips
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Removal of temporary regulations.
SUMMARY: This document removes the temporary regulations pertaining to the credit for employer FICA taxes paid with respect to certain tips received by employees of food or beverage establishments. The temporary regulations were published in the Federal Register on December 23, 1993. Statutory changes made by the Small Business Job Protection Act of 1996 have made these temporary regulations obsolete.
EFFECTIVE DATE: The removal of the temporary regulations is effective January 1, 1994.
FOR FURTHER INFORMATION CONTACT: Jean M. Casey at (202) 622-6060 (not a toll-free number).
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