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Ives William Bremen Jewish Heritage Museum
Cuba Family Archives for Southern Jewish History
Weinberg Center for Holocaust Educational
the CUBA FAMILY ARCHIVES FOR SOUTHERN JEWISH
HISTORY AT THE BREMEN
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What is box 7 file 5?
Box 7 file 5 is a tax form used to report certain types of income, such as non-employee compensation.
Who is required to file box 7 file 5?
Individuals or businesses who have made payments to non-employees totaling $600 or more during the tax year are required to file box 7 file 5.
How to fill out box 7 file 5?
Box 7 file 5 must be filled out with the payer's information, the recipient's information, and the total amount of non-employee compensation paid.
What is the purpose of box 7 file 5?
The purpose of box 7 file 5 is to report non-employee compensation to the IRS, so that recipients can report this income on their tax returns.
What information must be reported on box 7 file 5?
Box 7 file 5 must include the payer's name, address, and tax identification number, the recipient's name, address, and tax identification number, and the total amount of non-employee compensation paid.
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