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Independent Insurance Agents and Brokers of Arizona, Inc. 333 East Flower Street Phoenix, Arizona 85012 Phone: (602) 9561851 / (800) 6273356 Fax: (602) 4681392 Web: www.iiabaz.com Email: info@iiabaz.com2009
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Independent insurance agents are individuals or companies that sell insurance products from multiple insurance carriers rather than being captive to just one carrier. They offer a variety of insurance options to consumers based on their individual needs and preferences.
Independent insurance agents must file their taxes and report their income to the IRS if they meet certain income thresholds set by the IRS. Typically, individuals or companies who earn income from selling insurance products are required to file.
To fill out independent insurance agents, individuals or companies will need to gather their income and expense information related to insurance sales, and report this information accurately on their tax return. They may also need to fill out specific tax forms related to their insurance sales.
The purpose of independent insurance agents is to provide consumers with a range of insurance options and help them find the best coverage for their individual needs. Independent agents act as advocates for their clients, helping them navigate the complexities of the insurance industry.
Information that must be reported on independent insurance agents includes income earned from insurance sales, expenses related to selling insurance, commissions received from insurance carriers, and any other relevant financial information related to their insurance business.
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