What is the ER's Annual Information Return of Tip Income and Allocated Tips, known as Form?

The correct choice is indeed associated with the reporting of tip income and allocated tips by employers. The Annual Information Return of Tip Income and Allocated Tips is reported on Form 8027. This form is specifically designed for large food and beverage establishments where employees receive tips. It is used to report the total tip income and allocate tips among the employees, ensuring compliance with IRS regulations regarding tip reporting and taxation.

Understanding the purpose of Form 8027 is essential for employers in the hospitality industry, as it helps ensure that tip income is accurately reported and that employees are aware of their tax liabilities associated with tips received. This form aids the IRS in monitoring tip income, which is often underreported, thus protecting both the government’s revenue and the interests of employees.

The other forms mentioned serve different purposes: Form 5500 is used for annual reporting of employee benefit plans, Form 8109 is related to federal tax deposits, and Form SS-8 is used to request a determination of worker status for federal employment tax purposes. Each of these forms has a specific function that does not pertain to the reporting of tip income, making Form 8027 the appropriate choice for this question.