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MARCH 2002 LBC on the Web For club information on the Internet, visit: HTTP://www.bicyclelongisland.org×LBC Club Roster LBC members can receive a copy of the club roster by sending a SASE to Mike
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Libc members can receive distributions of income and profits from their membership.
The organization or entity that is distributing income or profits to libc members is required to file.
The organization must report the amount of income or profits distributed to each libc member on Form 1099.
The purpose is to accurately report and track the income or profits distributed to each libc member for tax purposes.
The organization must report the name, address, and Social Security number or EIN of each libc member, as well as the amount of income or profits distributed.
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