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WORTHINGTON SCHOOL DISTRICT BOARD OF EDUCATION Regular Meeting Worthington Education Center June 13, 2016 7:30 p.m. AGENDA AND ADMINISTRATIVE STAFF MEMORANDUM Item A1a Call to Order (Share) A1b Welcome

How to fill out 730 p

How to fill out 730 p

1. Step 1: Gather all necessary documents, such as W-2 forms, 1099 forms, and any other income statements.
2. Step 2: Calculate your total income by adding up all sources of income.
3. Step 3: Determine if you qualify for any deductions or credits that can reduce your taxable income.
4. Step 4: Fill out the personal information section of Form 730 P, including your name, address, and social security number.
5. Step 5: Enter your total income and any deductions or credits on the appropriate lines of the form.
6. Step 6: Double-check all the information you entered to ensure accuracy.
7. Step 7: Sign and date the form to certify that the information provided is true and accurate.
8. Step 8: Attach any necessary supporting documents, such as income statements or proof of deductions.
9. Step 9: Mail the completed form to the appropriate address provided in the instructions.
10. Step 10: Keep a copy of the form and supporting documents for your records.

Who needs 730 p?

1. Individuals who have income from self-employment or business activities that are subject to the federal excise tax.
2. Businesses that manufacture or sell certain goods that are subject to excise taxes, such as alcohol and tobacco products.
3. Taxpayers who are responsible for collecting and remitting certain excise taxes on behalf of others.
4. Individuals or businesses who are required to report and pay taxes on wagering activities, such as gambling.
5. Certain organizations, such as sports leagues and professional gaming organizations, that are responsible for reporting and paying taxes on wagers.
6. Taxpayers who have been notified by the IRS that they are required to file Form 730 P.

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What is 730 p?

730 p is a specific tax form used by certain tax-exempt organizations to report their political activities and expenditures.

Who is required to file 730 p?

Tax-exempt organizations described in section 501(c) must file Form 730 p if they engage in certain political activities.

How to fill out 730 p?

Form 730 p can be filled out electronically or by mail following the instructions provided by the IRS.

What is the purpose of 730 p?

The purpose of Form 730 p is to provide transparency and accountability regarding the political activities and expenditures of tax-exempt organizations.

What information must be reported on 730 p?

Form 730 p requires information on political activities, expenditures, and donors above a certain threshold.