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Client Alert Contact Attorneys Regarding This Matter: Hey S. Ringer 404.873.8724 direct 404.873.8725 fax hey. Ringer×agg.com Jessica Robin Growing 404.873.8526 direct 404.873.8527 fax Jessica. Growing×agg.com
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8724 - direct is a form used for reporting miscellaneous income that is not reported on Form 1099.
Any individual or entity who receives miscellaneous income totaling $600 or more in a calendar year is required to file Form 8724 - direct.
Form 8724 - direct is typically filled out by providing the payer's information, recipient's information, amount of miscellaneous income, and any applicable taxes withheld.
The purpose of Form 8724 - direct is to report miscellaneous income to the IRS for tax purposes.
Form 8724 - direct requires reporting of the payer's information, recipient's information, amount of miscellaneous income, and any taxes withheld.
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