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MEMORANDUMAgenda Item No. 13(A)(1)TO:Honorable Chairman Jose \” Pepe\” Diaz and Members, Board of County CommissionersDATE:October 5, 2021FROM:Germ BonzonKeenan County AttorneySUBJECT:Resolution
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What is 13a1?
Form 13a1 is a financial statement that businesses are required to file to report their income, expenses, and other financial activity.
Who is required to file 13a1?
Businesses, including corporations, partnerships, and sole proprietorships that meet certain revenue thresholds, are required to file Form 13a1.
How to fill out 13a1?
To fill out Form 13a1, businesses should gather their financial records, follow the instructions provided with the form, and accurately report their income and expenses.
What is the purpose of 13a1?
The purpose of Form 13a1 is to provide tax authorities with a detailed account of a business's financial activities to ensure compliance with tax regulations.
What information must be reported on 13a1?
Information reported on Form 13a1 includes total income, allowable expenses, net profit or loss, and any other required disclosures as specified by the tax authority.
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