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Form 1-98 is a tax form used by certain businesses to report information regarding their operations, income, and expenses to the IRS.
Businesses that meet specific criteria, such as revenue thresholds and types of income, are required to file Form 1-98.
To fill out Form 1-98, gather all necessary financial information, ensure accurate reporting of income and expenses, and follow the instructions provided by the IRS.
The purpose of Form 1-98 is to provide the IRS with a comprehensive overview of a business's financial performance for tax assessment.
Form 1-98 requires reporting of income, deductions, credits, and other relevant financial data necessary for tax computation.
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