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August 5, 2021
6:42 pm
Republic of the Philippines
House of Representatives
Quezon CityEIGHTEENTH CONGRESS
Third Regular Session9930
House Bill No. ___
Introduced by REPRESENTATIVE ERIC L. OLIVAREZEXPLANATORY
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Anyone who is required to report income and expenses related to property management activities may need Form 642 PM. This form is typically used by individuals or businesses who manage rental properties.
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What is 642 pm?
642 pm refers to the Tax Form 642, which is used to report information related to certain types of income and deductions.
Who is required to file 642 pm?
Individuals or entities who have specific types of income or deductions that are required to be reported on Form 642 must file it.
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Form 642 must be filled out with accurate and complete information related to the income and deductions being reported.
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The purpose of Form 642 is to report income and deductions that are necessary for tax reporting and compliance.
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Information such as income from investments, rental properties, and other sources, as well as deductions related to those income streams, must be reported on Form 642.
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