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Form 3627 is for reporting information related to employee tip income.
Employers who operate large food or beverage establishments where tipping is customary.
Form 3627 should be filled out with details of each employee's tip income including employee's name, SSN, total tips received, and other relevant information.
The purpose of form 3627 is to accurately report employee tip income to the IRS for tax purposes.
Information such as employee names, Social Security Numbers, total tips received, periods for which tips were received, and other relevant details must be reported on form 3627.
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