IRS Publications & Forms

Business Tax Guides:

Publication 15

Circular E, Employer’s Tax Guide

Publication 334

Tax Guide for Small Business 

Publication 505

Tax Withholding and Estimated Tax

When and How To Compute and File Estimated Taxes

Publication 583

Starting a Business and Keeping Records

Publication 587

Business Use of Your Home

Publication 1779

Independent Contractor or Employee

Factors used in determining status

Publication 3518

Beauty, Barber, & Cosmetology Industries

Publication 4035 

Is It Too Good To Be True - Home-Based Business Tax

Avoidance Schemes

Tip Reporting:

Publication 531 

Reporting Tip Income

Publication 3144 

Tips on Tips for Employers

Publication 3148 

Tips on Tips for Employees

Taxes and Other Topics:

Publication 3207

The Small Business Resource Guide CD-ROM

Publication 3959

EFTPS CD-ROM for Tax Practitioners, Taxpayers, and

Financial Institutions

IRS Tax Fax Services

1-703-487-4160

For tax forms to be faxed to you

1-800-829-3676

For tax forms and publications

to be mailed to you

1-800-829-1040 or 1-800-829-4933

For more tax information
Now that you are a licensed professional....

There is important information that you need to know about

your federal tax responsibilities. 

This brochure explains the various federal tax requirements

for barber, cosmetology, and personal care professionals to

help you understand your tax responsibilities. 

All income is taxable.

As members of the barber, cosmetology, and personal care

industry the money you receive for services you perform,

whether it is wages, commissions, fees, retail sales,

rent/lease payments, or tips; whether paid by cash, check,

charge, or bartering is taxable. 

"All income is taxable unless

specifically excluded by the

Internal Revenue Code."

If you are an employee and receive tips, you must report

that amount to your employer. If you are a self-employed

salon or barbershop owner, booth renter, or independent

contractor, all income received, including tips, must be

reported on your Federal Individual Income Tax Return. 

Filing & Paying Your Taxes

Has Its Benefits.

The benefits of reporting all of your income and

paying the correct tax include:

• Improved financial profile for loans based on reported

earnings

• Greater Social Security and Medicare benefits

• Greater unemployment and disability benefits

• Increased Workers’ Compensation

• Improved retirement options

• Allowable expenses are deductible against current income

• You may qualify for the Earned Income Tax Credit

• Peace of mind – You are obeying the law!
Now that you are a licensed professional....

There is important information that you need to know about

your federal tax responsibilities. 

This brochure explains the various federal tax requirements

for barber, cosmetology, and personal care professionals to

help you understand your tax responsibilities. 

All income is taxable.

As members of the barber, cosmetology, and personal care

industry the money you receive for services you perform,

whether it is wages, commissions, fees, retail sales,

rent/lease payments, or tips; whether paid by cash, check,

charge, or bartering is taxable. 

"All income is taxable unless

specifically excluded by the

Internal Revenue Code."

If you are an employee and receive tips, you must report

that amount to your employer. If you are a self-employed

salon or barbershop owner, booth renter, or independent

contractor, all income received, including tips, must be

reported on your Federal Individual Income Tax Return. 

Filing & Paying Your Taxes

Has Its Benefits.

The benefits of reporting all of your income and

paying the correct tax include:

• Improved financial profile for loans based on reported

earnings

• Greater Social Security and Medicare benefits

• Greater unemployment and disability benefits

• Increased Workers’ Compensation

• Improved retirement options

• Allowable expenses are deductible against current income

• You may qualify for the Earned Income Tax Credit

• Peace of mind – You are obeying the law!
Now that you are a licensed professional....

There is important information that you need to know about

your federal tax responsibilities. 

This brochure explains the various federal tax requirements

for barber, cosmetology, and personal care professionals to

help you understand your tax responsibilities. 

All income is taxable.

As members of the barber, cosmetology, and personal care

industry the money you receive for services you perform,

whether it is wages, commissions, fees, retail sales,

rent/lease payments, or tips; whether paid by cash, check,

charge, or bartering is taxable. 

"All income is taxable unless

specifically excluded by the

Internal Revenue Code."

If you are an employee and receive tips, you must report

that amount to your employer. If you are a self-employed

salon or barbershop owner, booth renter, or independent

contractor, all income received, including tips, must be

reported on your Federal Individual Income Tax Return. 

Filing & Paying Your Taxes

Has Its Benefits.

The benefits of reporting all of your income and

paying the correct tax include:

• Improved financial profile for loans based on reported

earnings

• Greater Social Security and Medicare benefits

• Greater unemployment and disability benefits

• Increased Workers’ Compensation

• Improved retirement options

• Allowable expenses are deductible against current income

• You may qualify for the Earned Income Tax Credit

• Peace of mind – You are obeying the law!
IRS Publications & Forms

Business Tax Guides:

Publication 15

Circular E, Employer’s Tax Guide

Publication 334

Tax Guide for Small Business 

Publication 505

Tax Withholding and Estimated Tax

When and How To Compute and File Estimated Taxes

Publication 583

Starting a Business and Keeping Records

Publication 587

Business Use of Your Home

Publication 1779

Independent Contractor or Employee

Factors used in determining status

Publication 3518

Beauty, Barber, & Cosmetology Industries

Publication 4035 

Is It Too Good To Be True - Home-Based Business Tax

Avoidance Schemes

Tip Reporting:

Publication 531 

Reporting Tip Income

Publication 3144 

Tips on Tips for Employers

Publication 3148 

Tips on Tips for Employees

Taxes and Other Topics:

Publication 3207

The Small Business Resource Guide CD-ROM

Publication 3959

EFTPS CD-ROM for Tax Practitioners, Taxpayers, and

Financial Institutions

IRS Tax Fax Services

1-703-487-4160

For tax forms to be faxed to you

1-800-829-3676

For tax forms and publications

to be mailed to you

1-800-829-1040 or 1-800-829-4933

For more tax information
IRS Publications & Forms

Business Tax Guides:

Publication 15

Circular E, Employer’s Tax Guide

Publication 334

Tax Guide for Small Business 

Publication 505

Tax Withholding and Estimated Tax

When and How To Compute and File Estimated Taxes

Publication 583

Starting a Business and Keeping Records

Publication 587

Business Use of Your Home

Publication 1779

Independent Contractor or Employee

Factors used in determining status

Publication 3518

Beauty, Barber, & Cosmetology Industries

Publication 4035 

Is It Too Good To Be True - Home-Based Business Tax

Avoidance Schemes

Tip Reporting:

Publication 531 

Reporting Tip Income

Publication 3144 

Tips on Tips for Employers

Publication 3148 

Tips on Tips for Employees

Taxes and Other Topics:

Publication 3207

The Small Business Resource Guide CD-ROM

Publication 3959

EFTPS CD-ROM for Tax Practitioners, Taxpayers, and

Financial Institutions

IRS Tax Fax Services

1-703-487-4160

For tax forms to be faxed to you

1-800-829-3676

For tax forms and publications

to be mailed to you

1-800-829-1040 or 1-800-829-4933

For more tax information