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CITY COUNCIL COMMUNICATION MEETING DATE: July 17, 2012ITEM NUMBER: 11. A.SECOND READING: N/A TYPE OF ITEM: General Business PRESENTED BY: Brad School, Economic Development Dept 3036518319 brad. School×CI.Longmont.co.us Dale
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Item number 11 refers to the category for reporting miscellaneous income on a tax form.
Individuals or businesses who have received miscellaneous income above a certain threshold are required to report it on item number 11.
You need to provide details of the miscellaneous income you have received during the tax year in the corresponding section of the tax form.
The purpose of item number 11 is to ensure that all miscellaneous income is accurately reported to the tax authorities for proper tax calculation.
You must report the amount of miscellaneous income received, the source of the income, and any relevant details required by the tax form.
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