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Form 928 original bond (Rev. March 1993) Department of the Treasury Internal Revenue Service Fuel Bond (For used to post bond under section 4101) strengthening bond aviation fuel excise tax. Superseding
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What is IRS Form 928?
IRS Form 928 is a tax form used for reporting the income and expenses of a sole proprietorship, specifically for those who are in farming and fishing activities.
Who is required to file IRS Form 928?
Individuals engaged in farming or fishing activities with a gross income of $1,000 or more are required to file IRS Form 928.
How to fill out IRS Form 928?
To fill out IRS Form 928, taxpayers must provide their business information, report their total income, and detail their expenses related to farming or fishing activities, following the instructions provided by the IRS.
What is the purpose of IRS Form 928?
The purpose of IRS Form 928 is to accurately report income and expenses from farming or fishing to ensure proper tax liability assessment for sole proprietors in these industries.
What information must be reported on IRS Form 928?
IRS Form 928 requires reporting business name, address, income from farming or fishing, expenses incurred, and any applicable deductions related to the business operations.
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