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VIRGINIA ACTS OF ASSEMBLY 2023 SESSION CHAPTER 631 An Act to amend and reenact 54.13408 of the Code of Virginia, relating to opioid impact reduction. [S 1415] Approved March 26, 2023 Be it enacted by the General Assembly of Virginia: 1. That 54.13408 of the Code of Virginia is amended and reenacted as follows: 54.13408. Professional use by practitioners. A. A practitioner of medicine, osteopathy, podiatry, dentistry, or veterinary medicine, a licensed nurse practitioner pursuant to 54
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Form 541-3408 is used for reporting professional services income and expenses for tax purposes.
Individuals and businesses providing professional services that are subject to income tax requirements are required to file Form 541-3408.
To fill out Form 541-3408, gather all relevant income and expense information, complete the form sections as instructed, and ensure all data is accurate before submission.
The purpose of Form 541-3408 is to report income earned from professional activities and to calculate any allowable deductions for expenses related to those activities.
The information that must be reported includes total income from professional services, expenses incurred in the course of the services, and any applicable deductions.
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