Difference between Annual Tips & EOY Tips

I KNOW THE CAUSE OF THE PROBLEM AND I HAVE A SPREADSHEET THAT HELPS ME RECONCILE BUT I DON'T KNOW IF THIS MAJOR BUG HAS BEEN ACKNOWLEDGED BY SQAUR?  

 

Title changed from "How to reconcile the DISCREPANCY between 'Annual Tips' & the 'EOY'S W3 TIPS'' to "Difference between Annual Tips & EOY Tips" by a moderator to help other users find posts like this.

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Solution
  1. Review Payroll Records – Compare year-to-date tip reports with W-3 totals to identify missing or duplicated entries.
  2. Adjust for Unreported Tips – Ensure all cash and credit card tips are accurately recorded and match IRS Form 8027 (if applicable).
  3. File a Corrected W-3 if Needed – Submit Form W-3c with corrected tip allocations to align annual reports with IRS records.

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Solution
  1. Review Payroll Records – Compare year-to-date tip reports with W-3 totals to identify missing or duplicated entries.
  2. Adjust for Unreported Tips – Ensure all cash and credit card tips are accurately recorded and match IRS Form 8027 (if applicable).
  3. File a Corrected W-3 if Needed – Submit Form W-3c with corrected tip allocations to align annual reports with IRS records.
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Square Community Moderator

Hi there, @mr_ursus,

 

We appreciate you taking to the time to post this, it appears that @techentires has stepped in here to provide assistance with your question. If there is anything else we can take a look at for you, please let us know! 

Ellie
Community Moderator, Square
Sign in and click Mark as Best Answer if my reply answers your question.
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