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Department of the Treasury Internal Revenue Service Publication 967 Cat. No. 22402M The IRS Will Figure Your Tax For use in preparing 1998 Returns Introduction You can have the IRS figure your tax

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What is pub 967 irs form?

The IRS form 967 is used for reporting information regarding the Nonemployee Compensation (NEC), such as payments made to independent contractors or freelancers. It is also known as the Miscellaneous Income form.

Who is required to file pub 967 irs form?

Businesses or individuals who have made payments of $600 or more to nonemployees, such as independent contractors, freelancers, or vendors, are required to file the pub 967 IRS form.

How to fill out pub 967 irs form?

To fill out the pub 967 IRS form, you need to provide your business information, payment details for each nonemployee, including their name, address, and taxpayer identification number (TIN), as well as the amount paid to them. The completed form should be submitted to the IRS.

What is the purpose of pub 967 irs form?

The purpose of the pub 967 IRS form is to report the payments made to nonemployees, which helps the IRS track income and ensures that the recipients report the income on their tax returns.

What information must be reported on pub 967 irs form?

On the pub 967 IRS form, you must report the name, address, and taxpayer identification number (TIN) of each nonemployee who received $600 or more in payments from your business. You also need to report the total amount paid to each nonemployee.

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