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LGC ReviewedAPRIL 2020in accordance to G.S. 15934(a)ARTS IN COMMUNITIES/GRASSROOTS ARTS PROGRAM State Authorization:North Carolina General Statutes 143B87 and 143B88; Public Law 101/512 and 89209North
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Short form 147 is a simplified tax form used by certain taxpayers to report specific financial information to the IRS.
Typically, individuals and businesses with straightforward financial situations and limited income may be required to file short form 147.
To fill out short form 147, taxpayers should provide their personal information, report income and deductions as required, and complete any necessary calculations for credits.
The purpose of short form 147 is to simplify the reporting process for taxpayers with simpler financial circumstances, making it easier to comply with tax regulations.
Information that must be reported on short form 147 includes personal identification details, income sources, deductions, and applicable tax credits.
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