The draft Form 8027 for 2021, which allows employers to report tip income, was released June 10 by the IRS.
The draft 2021 Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, is unchanged from the 2020 version of the form except to update references to 2020 to be to 2021.
The form must be filed by employers operating food and drink establishments where more than 10 employees work on a typical day and where tipping employees is customary. The form reports annual tips and receipts and allows employers to determine allocated tips for their tipped ...
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