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APRIL 2011 WWW.BDO.COM 130 Bryant Woods South Amherst, New York 14228 p (716) 204-9000 f (716) 204-9840 lvbwcpa.com An Independent Member of the BDO Madman Alliance ?SUBJECT CONTACT: REPEAL OF EXPANDED

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{"answer":"Form 2 049 is a tax form used for reporting certain payments made in the course of a trade or business. It is used to report income that is not subject to withholding."}

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{"answer":"Businesses and individuals who make payments that are reportable on form 2 049 are required to file this form. This includes self-employed individuals, sole proprietors, corporations, partnerships, and other entities."}

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{"answer":"Form 2 049 can be filled out manually or electronically. The payer must provide their information, the recipient's information, and details of the payments made. It is important to review the instructions provided by the IRS to ensure accurate completion."}

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{"answer":"The purpose of form 2 049 is to report certain payments to the IRS and the recipients of those payments. This form helps the IRS track income that may not be subject to withholding and ensures compliance with tax laws."}

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{"answer":"Form 2 049 requires information about the payer, recipient, and the payments made. This includes the amount of the payment, the type of income, and any taxes withheld. Accurate reporting is essential to avoid penalties."}

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