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SIGN AND RETURN THIS PAGE CONTRACT PROPOSAL NO.: 2003-827 INVITATION FOR BIDS AC TRANSIT DISTRICT Purchasing Department 10626 International Blvd. Oakland, CA 94603 Date: October 28, 2003, TITLE: MAGNETIC

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What is 827 magnetic media passes?

827 magnetic media passes refer to the reporting form used by certain employers to electronically transmit employee wage and tax information to the Internal Revenue Service (IRS). It is part of the IRS's requirement for electronic filing and reporting of tax-related information.

Who is required to file 827 magnetic media passes?

Employers who meet certain criteria, including having more than 250 employees, are required to file 827 magnetic media passes.

How to fill out 827 magnetic media passes?

To fill out 827 magnetic media passes, employers need to use electronic filing software or service that is compatible with the IRS's specifications. The software or service provider will guide employers through the process of entering and transmitting the required wage and tax information.

What is the purpose of 827 magnetic media passes?

The purpose of 827 magnetic media passes is to streamline the reporting and processing of employee wage and tax information. It allows the IRS to efficiently receive and process large volumes of data from employers, reducing paperwork and manual handling.

What information must be reported on 827 magnetic media passes?

On 827 magnetic media passes, employers must report various employee wage and tax information, including but not limited to, wages, taxes withheld, and other relevant payroll details for each individual employee.

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