On this episode of Federal Tax Updates, Annie and Roger focus on tips (the monetary kind), including an industry overview, current challenges with tip reporting, and tip credits. They also examine Notice 2023-13, and the proposed procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program and talk tax policy and politics. SponsorsPadgett -  https://www.padgettadvisors.com/join/?podcast  Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Links mentioned in this episodeFederal eRulemaking Portal - https://www.regulations.gov/ Chapters (00:00) - Federal Tax Update Episode 4 (04:42) - Changes in tipping in recent years (14:28) - Are you supposed to report tips? (22:05) - How tip pooling in restaurants works (37:09) - How much longer does tipping survive? (38:21) - New updates from the IRS Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPodfacebook.com/FedTaxPodlinkedin.com/showcase/fedtaxpodConnect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark Media The full transcript for this episode is available by clicking on the Transcript tab at the top of this page