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Republic of the PhilippinesDepartment of Education SOCCSKSARGEN REGION October 26, 2020 REGION MEMORANDUM CLAD No. 123, s. 2020 CONDUCT OF ONLINE SCHOOL READINESS SURVEY ON THE ACCEPTANCE OF LTE DELIVERIES
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What is 123 s?
123 s refers to a specific tax form used for reporting miscellaneous income.
Who is required to file 123 s?
Individuals or businesses who receive miscellaneous income exceeding $600 in a tax year are typically required to file 123 s.
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To fill out 123 s, you will need to provide information about the payer, recipient, and amount of miscellaneous income received.
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The purpose of 123 s is to report miscellaneous income to the IRS for tax purposes.
What information must be reported on 123 s?
Information such as the name, address, and tax identification number of the payer, as well as the amount of miscellaneous income received.
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