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Reporting Tip Income CPE Training Course



Course Title: Reporting Tip Income
Course Version: 5.0
Video Lessons: 11
Subject: Taxes
Online (Single Course): $50 | Buy
Online (All Courses): Access to ALL courses. One low price. | Info
Multi-User: Network Installation | Info
CPE Credits: CPAs (1) Verify | Enrolled Agents and OTRPs (1)

Course Description

Who must report tip income? Which tips must be recorded? What are the recordkeeping requirements? This video course will examine the federal tax implications related to reporting tip income. By the end of this course, you should understand the various requirements for individuals who receive income in the form of gratuities and much more. Your instructor will use practical, hypothetical real-world examples to further examine these topics and test your knowledge of the most recent tax laws as they apply to tip income.

Watch, listen and learn as your expert instructor guides you through each lesson step-by-step. During this media-rich learning experience, you will see and hear each lesson just as if your instructor were there with you. Reinforce your learning with the text of our course transcript.

We have incorporated years of classroom training experience and teaching techniques to develop an easy-to-use course that you can customize to meet your personal learning needs. Simply launch the easy-to-use interface, click to start a video lesson or open the transcript and you’re on your way to mastering tip income.


Course Syllabus

Select any of the video lessons markedfreeto view them in a new window.

CHAPTER 1- Introduction to Reporting Tip Income
Lesson 1.1- Learning Objectives and Key Terms
Lesson 1.2- Who Must Report Tip Income?
Lesson 1.3- Tips Which Must be Reported as Income
Lesson 1.4- Tips Which are Not Reported as Income free
Lesson 1.5- Why Keep a Tip Record?
Lesson 1.6- Different Types of Tip Records
Lesson 1.7- Reporting Tip Income to an Employer
Lesson 1.8- Reporting Tips to the IRS
Lesson 1.9- Recordkeeping and Penalties
Lesson 1.10- Further Reading
Lesson 1.11- Conclusion

Reporting Tip Income CPE Training Course Overview

We offer two types of courses – Standard and CPE (Continuing Professional Education). The Standard training course includes all video lessons and the instructor’s course transcript. The CPE edition includes the same training curriculum, plus a practice exam with evaluative feedback (find out why your answers are right or wrong), your final exam submission and a course certificate of completion. The Reporting Tip Income CPE training course qualifies for continuing education credit for CPAs (Certified Public Accountants) in certain states, Enrolled Agents (EAs) and Other Tax Return Preparers (OTRPs) nation-wide.

At TeachUcomp, Inc., you choose how you want your training delivered.

Online subscriptions offer the most flexibility and value. With online training, you can access your courses anytime and anywhere you have an internet connection (including all new releases and updates). Your subscription grants you instant access to ALL of our courses for one low price. There are no contracts and you can cancel at any time. You may choose between a monthly or annual plan.

Courses are also available individually via one year online for a one-time charge.




TeachUcomp, Inc. is registered with the National Association of State Board of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:






TeachUcomp, Inc. is an Approved Continuing Education Provider for Enrolled Agents (EAs) and Other Tax Return Preparers (OTRPs) nation-wide. We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6 (g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.