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Which of the following forms must be completed by an employer?
Form I-9 - Employment Eligibility Verification
Form W-5 - Earned Income Credit Advance Payment Certificate
Form W-2 - Wage and Tax Statement
What must an employer do about tips received by employees?
Report the tips your employees tell you about as "other income" and do not bother to withhold income tax.
Consider the tips reported to you as "wages" subject to all the same taxes as other wages paid directly by you.
Nothing, your employees are required to report the tips to IRS, you have no responsibility.
Which of the following does NOT require you to get a NEW Employer Identification Number?
You buy or inherit an existing business that you operate as a sole proprietorship.
You file bankruptcy under Chapter 7 (liquidation) or Chapter 11 (reorganization) of the Bankruptcy Code.
You change the name of your business.
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