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IRS updates electronic filing procedure for Form 8027

The IRS has issued revised specifications for electronically filing Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips. Form 8027 is used by large food or beverage establishments to report their gross receipts from food or beverage operations and tips reported by employees. The updated specifications are effective for Forms 8027 due on the last day of February 2010 or filed after that date.

Although there are no major changes to filing specifications for tax year 2009, filers should read the guidance carefully before attempting to prepare the electronic file for submission as there are changes to contact information and specific filing procedures. Additionally, electronic filing is the only acceptable method for filing Form 8027. IRS/ECC-MTB offers an Internet connection at http://fire.irs.gov for electronic filing. The Form 4419, Application for Filing Information Returns Electronically, is subject to review before the approval to transmit electronically is granted and may require additional documentation at the request of the IRS. Rev. Proc. 2008-34, I.R.B. 2008-34, is superseded. ( Rev. Proc. 2009-46, I.R.B. 2009-46, 507, October 16, 2009.)

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