US - 8027 Tip Reporting

Summary:

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.

Content (required):

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?