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SECURITIES AND EXCHANGE COMMISSION Metro Manila, Philippines FORM 23AREVISED INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 23 of the Securities Regulation Code1.
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The Form 1099-NEC is used to report nonemployee compensation.
Any business or individual who pays $600 or more in nonemployee compensation during the tax year must file Form 1099-NEC.
To fill out Form 1099-NEC, you will need to provide the recipient's personal information, the amount of nonemployee compensation paid, and any federal income tax withheld.
The purpose of Form 1099-NEC is to report nonemployee compensation to the IRS and the recipient for tax purposes.
The Form 1099-NEC must include the recipient's name, address, and taxpayer identification number, as well as the amount of nonemployee compensation paid.
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