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Preceding year — noun the year before the accounting year in question Usage taxed on a preceding year basis tax on income or capital gains arising in the ...
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Form immediately preceding calendar is Form 1099.
Individuals or entities who made payments that require reporting on Form 1099.
Fill out the form with accurate information regarding the payments made and the recipient.
The purpose of Form 1099 is to report certain types of income other than wages, salaries, and tips.
Information such as the recipient's name, address, taxpayer identification number, and the amount of income paid.
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