Question

1. Every large food or beverage establishment must report the amount of its receipts from food and beverage operations annually to the IRS and the amount of tips reported by its employees. What is the IRS form number and the name of the form?

Answer 1

Form number: 8027

Form name: Employer's Annual Information Return of Tip Income and Allocated Tips.

Refer to the below image for more detailed information.

wo: Most large tood (or) beverage establishments must make annual reports to the IRS concerning receipts from food cor) beverage operations and their employees tip income. If you are subject to these reporting rules, you most provide the required information annually by filling Form 8027 Employer's Annual information Return of Tip income and Allocated tips, with the IRS File this form with the Internal Revenue service center, Adover, MA 05501 by the end of February for the preceding calendar year. You must file a If you need to Form 8027-T Information Return separate form 8027 for each establishment. file more than one form 2027, use Transmittal of Employer's Annual of Tip income and allocated Tips.