Form 8846 - Credit For Employer Social Security And Medicare Taxes Paid On Certain Employee Tips - 2013 Page 2
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Form 8846 (2013)
Page
General Instructions
For example, an employee worked
tips subject to only the Medicare tax
100 hours and received $450 in tips
rate of 1.45%. Subtract these tips
Section references are to the Internal
for October 2013. The worker received
from the line 3 tips, and multiply the
Revenue Code.
$375 in wages (excluding tips) at the
difference by .0765. Then, multiply
Future Developments
rate of $3.75 an hour. If the employee
the tips subject only to the Medicare
had been paid $5.15 an hour, the
tax by .0145. Enter the sum of these
For the latest information about
employee would have received wages,
amounts on line 4.
developments related to Form 8846
excluding tips, of $515. For credit
Reduce the income tax deduction
and its instructions, such as legislation
purposes, the $450 in tips is reduced
for employer social security and
enacted after they were published, go
by $140 (the difference between $515
Medicare taxes by the amount on
to
and $375), and only $310 of the
line 4.
Purpose of Form
employee’s tips for October 2013 is
Certain food and beverage
taken into account.
Paperwork Reduction Act Notice.
establishments (see Who Should File,
For tax years beginning after
We ask for the information on this
below) use Form 8846 to claim a credit
December 31, 2012, a 0.9%
form to carry out the Internal
for social security and Medicare taxes
Additional Medicare Tax applies to
Revenue laws of the United States.
paid or incurred by the employer on
Medicare wages. However,
You are required to give us the
certain employees’ tips. The credit is
Additional Medicare Tax is only
information. We need it to ensure
part of the general business credit.
imposed on the employee. There is
that you are complying with these
You can claim or elect not to claim
no employer share of Additional
laws and to allow us to figure and
the credit any time within 3 years
Medicare Tax. Thus, there is no
collect the right amount of tax.
from the due date of your return on
effect on the credit for employer
You are not required to provide the
either your original return or on an
social security and Medicare taxes
information requested on a form that is
amended return.
on certain employee tips.
subject to the Paperwork Reduction
Taxpayers, other than
Act unless the form displays a valid
Specific Instructions
partnerships or S corporations,
OMB control number. Books or
Figure the current year credit from
whose only source of this credit is
records relating to a form or its
your trade or business on lines 1
from those pass-through entities, are
instructions must be retained as long
through 4.
not required to complete or file this
as their contents may become material
form. Instead, report this credit
Line 1
in the administration of any Internal
directly on the applicable line of
Revenue law. Generally, tax returns
Enter the tips received by employees
Form 3800, General Business Credit.
and return information are confidential,
for services on which you paid or
as required by section 6103.
For information regarding taxes
incurred employer social security and
imposed on tips, including
The time needed to complete and
Medicare taxes during the tax year.
information on the difference
file this form will vary depending on
Include tips received from customers
between tips and service charges,
individual circumstances. The
for providing, delivering, or serving food
see Rev. Rul. 2012-18, 2012-26
estimated burden for individual
or beverages for consumption if tipping
I.R.B. at
taxpayers filing this form is approved
of employees for delivering or serving
under OMB control number
Who Should File
food or beverages is customary.
1545-0074 and is included in the
File Form 8846 if you meet both of
Line 2
estimates shown in the instructions
the following conditions.
If you pay each tipped employee wages
for their individual income tax return.
1. You had employees who received
(excluding tips) equal to or more than
The estimated burden for all other
tips from customers for providing,
$5.15 an hour, enter zero on line 2.
taxpayers who file this form is shown
delivering, or serving food or
below.
Figure the amount of tips included
beverages for consumption if tipping
on line 1 that are not creditable for
Recordkeeping . . . 2 hr., 9 min.
of employees for delivering or serving
each employee on a monthly basis.
Learning about
food or beverages is customary.
This is the total amount that would be
the law or the form . . .
28 min.
2. During the tax year, you paid or
payable to the employee at $5.15 an
Preparing and sending
incurred employer social security
hour reduced by the wages (excluding
the form to the IRS .
1 hr., 43 min.
and Medicare taxes on those tips.
tips) actually paid to the employee
If you have comments concerning
during the month. Enter on line 2 the
How the Credit Is Figured
the accuracy of these time estimates
total amounts figured for all employees.
Generally, the credit equals the
or suggestions for making this form
Line 4
amount of employer social security
simpler, we would be happy to hear
If any tipped employee’s wages and
and Medicare taxes paid or incurred
from you. See the instructions for the
tips exceeded the 2013 social
by the employer on tips received by
tax return with which this form is
security tax wage base of $113,700
the employee. However, the amount
filed.
subject to the 6.2% rate, check the
of tips for any month that are used
box on line 4 and attach a separate
to figure the credit must be reduced
computation showing the amount of
by the amount by which the wages
that would have been payable during
that month at $5.15 an hour exceed
the wages (excluding tips) paid by
the employer during that month.
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