IRS Form 8027 (Tax Year 2024)
Employer's Annual Information Return of Tip Income and Allocated Tips
Software
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Use the software today!Transmit directly to the IRS.
- Requires a TCC code issued by the IRS and IDme account.
- Software validates data before you transmit to the IRS.
- Software imports up to 2,500 records. Additional 10,000 record increments can be purchased by calling sales at (480) 706-6474.
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Outsourcing
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- We assign a real person to review your data.
- No TCC required. No IDme. No finger print.
- Let our trained staff import your data from excel, print and mail, and electronically file on your behalf using our TCC number.
- Custom quotes tailored specifically to your needs. We are committed to providing you with exceptional service and competitive pricing.
Software Advantages
It's Secure: Transmit your data directly to the IRS or to any specific state portal. Your data is not transmitted via the cloud or any third party.
Excel Integration: Import your data from excel (xls, xlsx). Download your sample excel file
to get started.
Print: Print on plain paper with black ink. No additional forms need to be purchased.
Files are processed faster with fewer errors: Our software does an excellent job of detecting errors before you transmit your data to the IRS.
FREE Technical Support: Speak to a local and live support specialist. We can answer any question that might arise.
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Outsourcing Advantages
We can electronically file on your behalf originals or corrections for current or prior tax years to the IRS.
Assigned Representative: Every customer is assigned a dedicated representative who provides personalized support with at least 15 years of tax filing experience.
Reduced Administrative Burden: By outsourcing tax-related tasks, businesses can free up their internal resources to focus on core operations.
No TCC or ID.me Account Required: The service eliminates the need for obtaining Transmitter Control Codes (TCC) or verifying identity through ID.me, which can be
cumbersome for businesses.
High Volume & Complex Filing Capabilities: 1099FIRE is equipped to manage large volume filings, multiple payers and more..
Why do I need to call for a quote? Every project is different, and a one-size-fits-all approach simply won't do. Calling us for a custom quote will ensure that our team can
thoroughly understand your specific needs and provide a solution that's perfect for you. Sales can be reached at (480) 706-6474.
New Electronic Filing Mandate
IRS mandates electronic filing of 10 or more information returns. The new threshold is effective for information returns beginning tax year 2023. FIRE TCC holders who submitted their TCC
application prior to September 26, 2021, must complete and submit a new application and verify their identity through ID.me, an IRS provider of sign-in services.
You can only paper file information returns to the IRS if you have 10 or fewer aggregate returns to file. If you have more than 10 information returns of any one type
(such as Forms 1099, W-2, or 1098), the IRS mandates electronic filing instead of paper filing.
More companies are moving to third party efiling solutions due to this new threshold and efiling requirements. Contact 1099FIRE at (480) 706-6474 for more information
on outsourcing solution.
Originals, Corrections, Prior Years
Not a problem. Our software and outsourcing services are capable of meeting your needs. Print and electronically file originals or corrections for current or prior tax years.
About IRS Form 8027
IRS Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips, is a tax form used by certain food and beverage
establishments to report tip income received by employees. This form is primarily aimed at businesses that have employees who receive
tips as part of their compensation, such as restaurants, bars, and similar establishments.
Who Files Form 8027: Employers in the food and beverage industry that have more than 10 employees on a typical business
day during the calendar year must file Form 8027. It is specifically required for businesses that are considered large tip employers.
Purpose of Form 8027: To report total receipts for the year, including sales and tip income.
To report total tips received by employees, including allocated tips and tips reported directly to the employer.
To help the IRS monitor tip income and ensure that employees accurately report their income on their tax returns.
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