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RESOLUTION NUMBER 4471 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FERRIS, CALIFORNIA, WAIVING PENALTIES AND INTEREST FOR CERTAIN PARCELS WITHIN COMMUNITY FACILITIES DISTRICTS 901, 931, AND 911

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Form 1099 is used for reporting various types of income other than wages, salaries, and tips, such as freelance earnings, rental income, and dividends.

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Businesses and individuals who have paid $600 or more to a non-employee or independent contractor during the tax year are required to file Form 1099.

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The purpose of Form 1099 is to ensure accurate reporting of income to the IRS and to inform recipients about the income they need to report on their tax returns.

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The information that must be reported includes the name, address, and Tax Identification Number (TIN) of the payer and recipient, the total amount paid, and the type of income.

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