Instructions For Form 8027 printable pdf download

Department of the Treasury

Internal Revenue Service

Instructions for Form 8027

Employer’s Annual Information

Return of Tip Income and Allocated Tips

(Section references are to the Internal Revenue Code unless otherwise noted.)

Paperwork Reduction Act Notice.—We ask for the

A return is not required for establishments operated for

information on this form to carry out the Internal Revenue

less than 1 month in any calendar year.

laws of the United States. You are required to give us the

A return is not required for cafeterias or fast food

information. We need it to ensure that you are complying

restaurants where tipping is not customary.

with these laws and to allow us to figure and collect the

Note: If you are required to report for more than one

right amount of tax.

establishment, you must complete and attach Form

The time needed to complete and file these forms will

8027-T, Transmittal of Employer’s Annual Information

vary depending on individual circumstances. The

Return of Tip Income and Allocated Tips to the Forms

estimated average times are:

8027.

Forms

8027

8027-T

New Large Food or Beverage Establishment.—You

must file Form 8027 for a new large food or beverage

establishment if, during any 2 consecutive calendar

Recordkeeping

5 hr., 44 min.

43 min.

months, the average number of hours worked each

Learning about the

business day by all employees is more than 80 hours. To

law or the form

35 min.

figure the average number of employee hours worked

each business day during a month, divide the total hours

all employees worked during the month by the number of

Preparing and sending

the form to the IRS

43 min.

1 min.

days the establishment was open for business. After the

test is met for 2 consecutive months, you must file a

If you have comments concerning the accuracy of

return covering the rest of the year, beginning with the

these time estimates or suggestions for making these

next payroll period.

forms more simple, we would be happy to hear from you.

You can write to both the Internal Revenue Service,

When To File.—File Form 8027 by March 1, 1993.

Washington, DC 20224, Attention: IRS Reports Clearance

Where To File.—File with the Internal Revenue Service

Officer, T:FP; and the Office of Management and

Center, Andover, MA 05501.

Budget, Paperwork Reduction Project (1545-0714),

Reporting on Magnetic Media.—If you are the employer

Washington, DC 20503. Do NOT send the tax forms to

and you file 250 or more Forms 8027, you must file the

either of these offices. Instead, see the instructions below

returns on magnetic media. For details, see Regulations

for information on where to file.

section 301.6011-2. Get Pub. 1239, Specifications for

Filing Form 8027, Employer’s Annual Information Return

General Instructions

of Tip Income and Allocated Tips, on Magnetic Tape and

⁄

- or 3

⁄

-Inch Magnetic Diskettes, for details on

Purpose of Form.—Form 8027 is used by large food or

submitting Form 8027 on magnetic media and requesting

beverage establishments when the employer is required

a waiver from magnetic media reporting because of

to make annual reports to the IRS on receipts from food

undue hardship.

or beverage operations and tips reported by employees.

Penalties.—The law provides for a penalty if you do not

Who Must File.—If you are an employer who operates a

file Form 8027 (Form 8027-T) on time unless you can

large food or beverage establishment, you must file Form

show reasonable cause for the delay. Those filing late

8027. If you own more than one, you must file for each

(after the due date including extensions) should attach an

establishment. A large food or beverage establishment is

explanation to the return to show reasonable cause.

one:

You may be charged penalties for each failure to—

That provides food or beverages for consumption on

Timely file an information return including failure to file

the premises;

on magnetic media if required.

Where tipping is a customary practice; and

Furnish the employee’s TIN (taxpayer identification

Where there were normally more than 10 employees on

number, usually the social security number) on Form W-2,

a typical business day during the preceding calendar year.

Wage and Tax Statement.

Get Pub. 937, Employment Taxes and Information

Timely file Form W-2 and give a Form W-2 to the

Returns, for details.

employee.

A person who owns 50% or more in value of the stock

Include your TIN (taxpayer identification number, usually

of a corporation that runs the establishment is not

the employer identification number) on any return,

considered an employee when determining whether the

statement, or document.

establishment normally employs more than 10 individuals.

Include correct information on a return or statement.

A return is required only for establishments in the 50

This penalty applies to the omission of information as well

states and the District of Columbia.

as the inclusion of incorrect information.

Cat. No. 61013P

Instructions For Form 8027

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