Instructions for Form 8027 |
2006 Tax Year |
Instructions for Form 8027 - Introductory Material
This is archived information that pertains only to the 2006 Tax Year. If you are looking for information for the current tax year, go to the Tax Prep Help Area.
Attributed Tip Income Program (ATIP).
The IRS is expanding its Tip Rate Determination/Education Program (TRD/EP), by offering employers in the food and
beverage industry a new
alternative: the Attributed Tip Income Program (ATIP). ATIP is designed to promote compliance related to reporting tip income
while reducing filing
and recordkeeping burdens. There is no contract to sign and participation is voluntary. Also, participation in ATIP would
eliminate certain employee
recordkeeping for participating employees. To participate in the program, you will need to check the box marked “ Attributed Tip Income Program
(ATIP)”on the front of Form 8027 and notify the IRS. For complete details on qualifications and recordkeeping requirements, you must see
Rev. Proc. 2006-30, 2006-31 I.R.B. 110 at
www.irs.gov/pub/irs-irbs/irb06-31.pdf.
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