Form 8027

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Form 8027

A form that a restaurant or bar files with the IRS to report all tips reported by employees. All employees who receive $20 or more in tips per month must report tips to their employer, who in turn reports this information to the IRS.
References in periodicals archive ?
Augmented ticket-level POS sales/tip data providing additional reporting required to complete the annual IRS 8027 form.
Greater 8027 form accuracy leading to a lower estimated tip percentage.