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V5 Independent
20172018 Verification Worksheet
Your Free Application for Federal Student Aid (FAFSA)/Dream Act Application was selected for review in a process called verification. In this process
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How to fill out v5- independent
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What is v5- independent?
V5- independent is a form used to report independent contractor income.
Who is required to file v5- independent?
Individuals or businesses who pay independent contractors over a certain threshold are required to file v5- independent.
How to fill out v5- independent?
V5- independent can be filled out either electronically or by mail, and requires reporting of the independent contractor's information and payment details.
What is the purpose of v5- independent?
The purpose of v5- independent is to report income paid to independent contractors for tax purposes.
What information must be reported on v5- independent?
Information such as the independent contractor's name, address, Social Security number, and total amount paid must be reported on v5- independent.
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