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Hospital Statement of Cost BHF Page 1Illinois Department of Public Aid, Bureau of Health Finance, 201 S. Grand Ave. E., Springfield, IL 62763General InformationPRELIMINARYName of Hospital:
University
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Form 5-7 is a tax form used for reporting miscellaneous income.
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Individuals or businesses who receive miscellaneous income totaling $600 or more during the tax year are required to file Form 5-7.
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Form 5-7 should be filled out with the payer's information, recipient's information, type of income received, and the amount of income. It should then be attached to the recipient's tax return.
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The purpose of Form 5-7 is to report miscellaneous income to the IRS for tax purposes.
What information must be reported on and 5-7 of form?
Form 5-7 requires the reporting of the payer's information, recipient's information, type of income received, and the amount of income.
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