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2021 Session (81st)A SB219 R1 790Amendment No. 790Assembly Amendment to Senate Bill No. 219 First Reprint(BDR 14249)Proposed by: Assembly Committee on Judiciary Amends: Summary: No ASSEMBLY Actionable:
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Substitute for SB No. is a specific form used for reporting information related to income and withholding taxes for certain entities.
Individuals and businesses that have made certain types of payments and are required to report them to the IRS.
To fill out a Substitute for SB No., provide the necessary payer and payee information, report the amounts paid, and ensure all required fields are completed accurately.
The purpose of Substitute for SB No. is to report various financial transactions to the IRS, ensuring compliance with tax regulations.
Information that must be reported includes the name, address, and taxpayer identification number of the payer and payee, as well as the amounts paid and relevant transaction details.
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