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COUNCIL COMMUNICATION Meeting Date: Agenda Item: Agenda Location: Work Plan # Legal Review: st October 13, 2015, × 1 Reading ND 2 Reading Consent Calendar An ordinance granting a sales tax credit
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Form 40 is used to report certain income and deductions related to self-employment.
Individuals who are self-employed or have income from business activities are required to file Form 40.
Form 40 can be filled out manually or electronically. It requires information on income, deductions, and self-employment taxes.
The purpose of Form 40 is to report self-employment income and calculate the amount of self-employment taxes owed.
Form 40 requires reporting of income, deductions, self-employment taxes, and other related information.
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