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Khan Fareed University of Engineering & Information Technology, Rahim YAR Contender Document Tender No. Misc135 Purchase of Miscellaneous Items for Planning & Development Departmental Khan Fareed

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How to fill out misc-135

01

Obtain a copy of the Form Misc-135.

02

Fill out the employer information section, including the employer's name, address, and employer identification number.

03

Provide the employee's information, including their name, address, and social security number.

04

Fill out the compensation details, including the total amount of compensation paid to the employee.

05

Complete any other required sections on the form, such as tax withholding information or special circumstances.

06

Review the completed form for accuracy and sign and date it before submitting it to the appropriate party.

Who needs misc-135?

01

Employers who have paid compensation to an employee and need to report it to the IRS may need to fill out Form Misc-135.

02

Employees who have received compensation from their employer may also need to be aware of Form Misc-135, as it will be used to report their income to the IRS.

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What is misc-135?

Misc-135 is a tax form used by businesses to report certain types of payments made to non-employees, such as independent contractors.

Who is required to file misc-135?

Any business or entity that makes reportable payments to non-employees, typically independent contractors, must file misc-135.

How to fill out misc-135?

To fill out misc-135, provide the payer's identification information, recipient's details, the amounts paid, and any applicable withholding taxes.

What is the purpose of misc-135?

The purpose of misc-135 is to ensure that the IRS receives accurate information about payments made to non-employees for tax reporting.

What information must be reported on misc-135?

The information reported on misc-135 includes the payer's name, EIN, the recipient's name, SSN or EIN, and the total amount of payments.

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