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AGENDA ITEM SUMMARY / STAFF REPORTED NO:5FLORENCE PLANNING COMMISSIONMeeting Date:Nov. 14, 2023ITEM TITLE:Resolution PC 23 19 CUP 02 7th Street and Laurel Street CastlemanOVERVIEW: Application: A
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Resolution PC 23 19 is a regulatory framework issued by the IRS that outlines guidelines for partnerships and S corporations with regards to certain tax reporting requirements.
Partners in partnerships and shareholders in S corporations are required to file resolution PC 23 19 if they meet specific criteria set forth by the IRS.
To fill out resolution PC 23 19, you should provide detailed information regarding the entity, the nature of the income, and specific tax attributes when required by the IRS.
The purpose of resolution PC 23 19 is to ensure compliance with IRS regulations by specifying how certain tax-related information should be reported for partnerships and S corporations.
Information that must be reported includes the names and addresses of partners and shareholders, their shares of income, deductions, and other relevant tax attributes.
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