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498Military and VeteransCh. 131CHAPTER 131___ MILITARY AND VETERANS ___ HOUSE BILL 231052 BY REPRESENTATIVE(S) Marshall, Evans, Armagost, Bacon, Bird, Boesenecker, Bradley, Daugherty, deGruy Kennedy,
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498 Military and Veterans refers to a specific IRS form (Form 4980) used by employers to report information related to military and veteran employees for tax benefits and compliance.
Employers who employ military and veteran personnel are required to file Form 4980 to report employment information and claim certain tax credits.
To fill out Form 4980, employers need to provide accurate information regarding their military and veteran employees, including their identification details and the relevant periods of employment.
The purpose of Form 4980 is to enable employers to claim tax credits related to the hiring and employment of military veterans, ensuring compliance with federal tax laws.
Information that must be reported includes the employer's details, the employee's identification information, the employment period, and any applicable tax credit claims.
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