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Form ApprovedREPORT DOCUMENTATION PAGE OMB No. 07040188Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions,
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What is above 2 report type?
The above 2 report types refer to Form 1099 and Form W-2, which are used to report income and employment information to the IRS.
Who is required to file above 2 report type?
Employers must file Form W-2 for each employee, while businesses or individuals making payments to non-employees for services must file Form 1099.
How to fill out above 2 report type?
To fill out Form W-2, employers must provide employee information such as wages and taxes withheld, while Form 1099 requires information about payments made and the recipient's identification details.
What is the purpose of above 2 report type?
The purpose of these report types is to inform the IRS and other tax authorities about income paid to employees and non-employees, ensuring proper tax reporting and compliance.
What information must be reported on above 2 report type?
Form W-2 must include employee's wages, taxes withheld, and employer information; Form 1099 must include payer and payee details, payment amounts, and the type of payment.
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