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OFFICE OF PROCUREMENT SERVICES 315 WEST MAIN STREET, SUITE 416 PO BOX 7800 TAVARES FL 327787800PHONE: (352) 3439839 FAX: 352) 3439473 www.lakegovernment.comADDENDUM NO. 1 April 18, 2017, ITB No. 170815 It
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Any individual or entity that wishes to establish themselves as a vendor for a particular organization or service may need to fill out this form. This could include businesses, freelancers, contractors, or any other type of service provider.
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The IT IS Form is used by vendors to report income received from clients for tax purposes.
Any vendor or business that has received payments from clients totaling $600 or more in a tax year is required to file the IT IS Form.
To fill out the IT IS Form, vendors must provide their name, address, tax identification number, and the total income received from each client along with the client's information.
The purpose of the IT IS Form is to ensure accurate reporting of income for taxation and to provide the IRS with documentation of payments made to vendors.
The information that must be reported includes the vendor's name, address, tax identification number, total payments received, and details of each client who made payments.
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