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AGREEMENT BETWEEN INTERNATIONAL BROTHERHOOD OF TEAMSTERS LOCAL 856 AND EDGEWOOD CENTER FOR CHILDREN AND FAMILIES The term of this agreement is July 1, 2016, through June 30, 2019, TABLE OF CONTENTS
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What is local 856?
Local 856 is a tax form used for reporting domestic production activities deduction.
Who is required to file local 856?
Taxpayers engaged in qualified production activities are required to file local 856.
How to fill out local 856?
Local 856 can be filled out by providing information on the qualifying production activities and calculating the deduction.
What is the purpose of local 856?
The purpose of local 856 is to allow taxpayers to claim a deduction for certain domestic production activities.
What information must be reported on local 856?
On local 856, taxpayers must report the gross receipts from qualified production activities, the cost of goods sold, and other relevant expenses.
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