JANUARY 2011 LCT: Operators should be able to report a tip as an “allocation” which would absolve him or her from paying out employee taxes on that tip money.
The luxury transportation industry has long struggled with how to classify its workers.
Did you know that the higher the chauffeur tip is on your bill, the more money it costs you as the employer?
One problem with the 20 question method of classifying independent contractors is that it relies on the subjective judgment of an IRS examiner.
NLA has retained a Washington law firm with extensive experience in tax law and has participated in the defense of limousine operators in Atlanta and Chicago who were recently audited and found liable for back taxes.
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