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File 8027 Online

File 8027 online quickly and efficiently with E-file Workforce Payroll. Specifically designed to make form filing more straightforward and quicker.

What Exactly Is the 8027 Form?

8027 is a tax document that reports the employer’s annual information return of tip income and allocated tips. These forms are usually reported by beverage establishments and businesses where tipping is customary.

Does Your Business Need the 8027 Form?

The need for filing the 8027 form depends on the below-mentioned factors:

  • You must be in the food and beverage business, where tipping is the norm.
  • Crucially, the establishment must generally employ more than 10 employees on a typical business day. This “10-employee test” is a key factor.
  • Please note that fast-food businesses are usually excluded.

Further, businesses must have employees who receive $20 or more monthly.

Form 5498 IRA Contribution

It is essential to note that 5498 is all about contributions made to IRAs. That is way different from Form 1099-R, which is used to report distributions from IRAs. 

Important Dates for 8027 Form

  • The IRS requires you to file 8027 and other related forms from last year in the first quarter of the current year. Here are the specific deadlines:

    • If you consider paper filing 8027, the deadline will be February 28th, 2025.
    • The electronic filing deadline is March 31st, 2025. 

    Additionally, if you need an extension, you must submit an 8809 form with an extension time request before the deadline. Requesting an extension as soon as you find it necessary is better. But not before January 1st, 2025.

Step-By-Step Guide to E-File

E-File allows you to file all kinds of tax forms effortlessly. The interface is intuitive enough that you won’t require any guides. However, for your convenience, here are some steps:

  • Make your account with E-File Workforce Payroll.
  • Log in to the dashboard and select new filing from the menu.
  • Choose your required form and filing year. 
  • A form will appear with all necessary fields.
  • Add all the details and submit.

The form-filing process is complete. If you need to file multiple forms, iterate the process and continue.

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    FAQs for IRS Form 8027

    Choose a reliable e-filing software or go for E-file Workforce Payroll. Log in to your account, choose the filing requirements, add details, and submit. It’s that easy!
    For paper filing, the due date is February 28th, and for electronic filing, the due date will be March 31st.
    Form 8027 is an IRS document submitted to report received tips in a food and beverage business. However, fast food chains remain excluded.
    The 8027 form should be mailed to the IRS (Internal Revenue Service).
    Gather all the necessary details, including the employer’s details, business details, total tips received, and general information about the business. Fill all the details in the respective fields and ensure no data is incorrect. Further, be sure tips received must be 8% of the gross receipts. Any less than 8% will not require filing of 8027 from.
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