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Page B3 Monday, July 20, 2009, Weekly Times & CLASSIFIEDS EMPLOYMENT M i s c. f o r S an l e HUMANE SOCIETYSPECIALS:Available for adoption: This is a partial listing, too numerous to mention.1) Black
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What is m i s c?
M I S C stands for Miscellaneous Income and is used to report income that does not fit into any other category on a tax return.
Who is required to file m i s c?
Individuals or businesses who receive $600 or more in miscellaneous income during the tax year are required to file m i s c.
How to fill out m i s c?
M I S C forms can be filled out manually or electronically, and must include information about the payer and recipient of the income, as well as the amount received.
What is the purpose of m i s c?
The purpose of m i s c is to report income that is not subject to withholding, such as freelance income, rental income, or prize winnings.
What information must be reported on m i s c?
Information such as the name, address, and taxpayer identification number of the payer and recipient, as well as the amount of income paid, must be reported on m i s c.
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