Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, is required to be filed by employers in industries where tipping is customary. Here are the key requirements for businesses that must file this form:
- Food or Beverage Establishments:
- The business must be engaged in providing food or beverages for consumption on the premises.
- Examples include restaurants, bars, cafes, and similar establishments.
- Minimum Employee Threshold:
- The business must normally employ more than 10 employees on a typical business day during the reporting year. This includes all employees who work at least some part of the day, even if they are part-time.
