Eric Barnes
Senior Finance Writer
BBA Finance
Eric Barnes is a senior finance writer covering taxes, payroll, and small-business finance. Eric has written hundreds of explainers helping workers and employers make sense of the rules.
Articles by Eric
Pooled Tips and Tax Implications for Tipped Workers
Pooled tips and tax implications can be complex for tipped workers. Learn how to deduct up to $25,000 of qualified tips and navigate FICA taxes.
Form 8027 for Limited Food Sales: Do Restaurants Need to File?
Discover the Form 8027 filing requirements for restaurants with limited food sales. Learn the 33% food and beverage sales threshold and how to calculate your gr
Do I Have to Claim Tips on My Taxes?
Reporting tip income is mandatory, regardless of W-2 status. Claim tips on Form 4137 and Form 1040, Line 1, with a $20 cash tip threshold.