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Puget Sound Veterinary Medical Association Board Meeting Minutes June 2, 2016, Ta patio, Newcastle, WA Call to Order: 7:35PM Roll Call: DRS. Wilford, Davidoff, Sold, Olsen, Willis, Mueller. Reading
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PSVMA stands for Personal Services Business Verification and Monitoring Audit.
Individuals or entities who provide personal services and are selected for audit by the tax authorities are required to file PSVMA.
PSVMA should be filled out according to the instructions provided by the tax authorities, including accurate reporting of personal services income and expenses.
The purpose of PSVMA is to verify and monitor personal services businesses to ensure compliance with tax regulations and prevent tax evasion.
PSVMA requires reporting of personal services income, expenses, and any other relevant financial information.
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