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What is coms sio n?
Coms sio n is a fee or compensation paid to a salesperson or broker for facilitating a transaction, typically buying or selling of goods or services.
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Individuals or businesses who receive commissions as part of their income are required to report and file commissions.
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Information that must be reported on commissions include the amount of commission received, the date of the transaction, and any other pertinent details.
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