# Form 4070

URL: https://pdf.net/pdf-forms/employment-forms/form-4070
Category: Employment Forms
Attributes: Trusted by lawyers

Form 4070 is used in the service industry to report your cash and credit/debit card tips to the employer, so that they can accurately withhold and report employment taxes on your tip income.

Report your tips with our printable Form 4070. All you need to do is fill it online and download it to your device. The entire process shouldn’t last more than 15 minutes.

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## Versions

- 2005 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/b940a8e28c5b7802f78dcc3987e4d9c3ea8cdd24.pdf)

## How to Fill Out Form 4070

Step 1: Open Form 4070 in our PDF editor.

Step 2: Enter your and your employer’s names and addresses.

Step 3: Establish the time period for which you’re reporting the tips.

Step 4: Complete Form 4070 with tip details (cash and credit/debit card amounts).

Step 5: Sign the document.

Step 6: Submit the form to your employer by the 10th of the month.

## Facts

### What Is Form 4070?

Form 4070 is a document used primarily in the service industry to report cash and credit/debit card tips to the employer. This is only done when the monthly tip amount exceeds $20.

### Who Needs to File Form 4070?

Food service and hospitality workers, as well as any other employees who regularly receive tips from customers, need to file Form 4070.

### When Do I Need to File Form 4070?

You need to file Form 4070 by the 10th day of the month following the month you receive tips. If the 10th day falls on a weekend or national holiday, the deadline is pushed to the next working day.

### What Are the Penalties For Not Filing Form 4070?

If you don’t file Form 4070, you may be penalized for underreporting income or failing to meet reporting requirements. The basic penalty is 50% of the social security, Medicare, Additional Medicare, or railroad retirement tax on top of the taxes you already owe. However, if the IRS determines negligence or fraud, additional fines may be imposed.

### Where Do I File Form 4070?

You should file Form 4070 directly with your employer, as they are the ones reporting tip income to the IRS. In most cases, you’ll submit this document in person, but some employers have electronic systems for this purpose.

## Related forms

- [Form W-4](https://pdf.net/pdf-forms/tax-forms/form-w-4)
- [W2 Form](https://pdf.net/pdf-forms/tax-forms/w2-form)
- [Form I-9](https://pdf.net/pdf-forms/legal-forms/i-9-form)
- [Form 8027](https://pdf.net/pdf-forms/tax-forms/form-8027)
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