Who needs to report allocated
Tip for employers who print
W-2 forms from QuickBooks
If you use the Assisted Payroll service, you must follow
the procedure below so that you can send the information to the payroll
Set up a payroll item for allocated
Assign allocated tips to the
QuickBooks reports the amount for allocated tips on the employee's W-2
form. The amount is not included with wages and is not subject to any payroll
Businesses that report allocated tips are required to submit IRS Form 8027,
Employer's Annual Information Return of Tip Income and Allocated Tips.
If you are using the Assisted Payroll service, the payroll
service reports allocated tip income on employees' W-2 forms. However, the
payroll service does not file Form 8027 for you.