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INDEPENDENT CONTRACTOR AND HOLD HARMLESS Declarations Declaration replaces the requirement for the Vendor/Contractor to furnish an insurance certificate verifying General Liability and Workers Compensation
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What is INDEPENDENT CONTRACTOR AND HOLD HARMLESS DECLARATION - purchasing okstate Form?

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Independent contractor and hold refers to the requirement for businesses to report payments made to independent contractors to the IRS, along with any tax withholdings.
Businesses that hire independent contractors and make payments to them are required to file independent contractor and hold forms with the IRS.
Independent contractor and hold forms can be filled out online or through paper forms provided by the IRS. The forms require information such as the contractor's name, address, and tax identification number.
The purpose of independent contractor and hold is to ensure that independent contractors are properly classified and that the appropriate taxes are withheld and reported to the IRS.
The forms must include the contractor's name, address, tax identification number, and the total amount paid to the contractor during the tax year.
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