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VincenpaulCanada the magazine of the Society of Saint Vincent de Paul national council of Canada Volume 38 no. 3 Fall 2012 The light of Christ Return Address : National Council of Canada 2463 Inner
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Pennys piece is a form used by businesses to report payments made to independent contractors.
Businesses that have paid independent contractors $600 or more in a tax year are required to file pennys piece.
Pennys piece can be filled out online or by mailing a paper form to the IRS. The form requires information about the business, the independent contractor, and the payments made.
The purpose of pennys piece is to report payments made to independent contractors to the IRS and the contractor, so that they can accurately report their income on their tax return.
Pennys piece requires the business to report the name, address, and taxpayer identification number of the independent contractor, as well as the total amount of payments made.
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