Get the free form 8870

Complete Part B for all premiums paid during the tax year for which the organization is filing Form 8870. For by the form and instructions not just the new or corrected information. Write Amended Return at the top of an amended Form 8870. Cat. No. 28906R Rev. 2-2009 Form 8870 Rev. 2-2009 Page Part C. Beneficiaries Beneficiary s name address and ZIP code Beneficiary s SSN or EIN Part D. A charitable remainder trust described in section 664 d must ...

How to fill out form 8870

How to fill out form 8870:

1. Obtain the form 8870 from the IRS website or request it by calling IRS customer service.
2. Read the instructions provided with the form carefully to understand the requirements and sections.
3. Fill out the top portion of the form, which includes personal information such as name, address, and social security number.
4. Provide the relevant employer information, including the employer's name, address, and identification number.
5. Enter the applicable tax year and quarter for which the form is being filed.
6. Calculate the total tips received during the quarter and enter the amount in the designated section.
7. If applicable, report any allocated tips received from the employer and include them in the total tip amount.
8. Determine and enter the amount of the federal income tax withheld from tips.
9. Calculate and enter the amount of Medicare and Social Security taxes withheld from tips.
10. Complete any additional sections or schedules required by the instructions, such as reporting cash tips or the food and beverage industry.
11. Review the completed form for accuracy and ensure all necessary information is included.
12. Sign and date the form before submitting it as instructed in the form's instructions or guidelines.

Who needs form 8870:

1. Employers who operate large food and beverage establishments where tipping is customary.
2. Employees who receive tips as part of their income, such as waitstaff, bartenders, and valets.
3. Employers and employees who are required to report and reconcile the tips received and tip-related taxes for federal tax purposes.

For pdfFiller’s FAQs

What is form 8870?

Form 8870 is a tax form used by employers to report tips received by employees.

Who is required to file form 8870?

Employers in the food and beverage industry who employ tipped employees are required to file form 8870.

How to fill out form 8870?

To fill out form 8870, employers need to provide information about their business, the employees who received tips, and the amount of tips received.

What is the purpose of form 8870?

The purpose of form 8870 is to report tip income received by employees and ensure accurate reporting and withholding of taxes.

What information must be reported on form 8870?

On form 8870, employers must report the business name, address, employee information, and the total amount of tips received.

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