US - 8027 Tip Reporting
8027 is a report that needs to be submitted to IRS for tipped employees. This is a legislative requirement in US, I understand there is no delivered functionality in cloud to generate these reports. Would like to understand how other companies are handing this requirement in cloud.
IRS 8027 or Employer's annual information Return of Tip income and Allocated Tips is used to report annual tip income. This is a legislative requirements for employers with tipped employees. Since there is no delivered functionality in cloud to handle this, how are other companies generating this report to meet IRS requirements?