PSa 5-7 Complete Form 1099-NEC Complete Form 1099-NEC for William Porter (SSN 222-22-2222), an independent contractor of Pronespeed Inc. (6 Snowcap Lane, Jefferson City, MO 65101). William (who lives at 55 Rounding Place, Jefferson City, MO 65101) earns nonemployee compensation of $13,400 during the year. Pronespeed Inc. (federal identification #99-9999999) does not use account numbers and does not report state data.
PSa 5-7 Complete Form 1099-NEC Complete Form 1099-NEC for William Porter (SSN 222-22-2222), an independent contractor of Pronespeed Inc. (6 Snowcap Lane, Jefferson City, MO 65101). William (who lives at 55 Rounding Place, Jefferson City, MO 65101) earns nonemployee compensation of $13,400 during the year. Pronespeed Inc. (federal identification #99-9999999) does not use account numbers and does not report state data.
Chapter27: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 6DQ
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PSa 5-7 Complete Form 1099-NEC
Complete Form 1099-NEC for William Porter (SSN 222-22-2222), an independent contractor of Pronespeed Inc. (6 Snowcap Lane, Jefferson City, MO 65101). William (who lives at 55 Rounding Place, Jefferson City, MO 65101) earns nonemployee compensation of $13,400 during the year. Pronespeed Inc. (federal identification #99-9999999) does not use account numbers and does not report state data.
![VOID
O CORRECTED
PAYER'S name, street address, city or town, state
or foreign postal code, and telephone no.
province, country, ZIP
OMB No. 1545-0116
20 XX
Nonemployee
Compensation
Form 1099-NEC
1 Nonemployee compensation
Сорy 1
PAYER'S federal identification number
RECIPIENT'S identification number
For State Tax
Department
3
RECIPIENT'S name
4 Federal income tax withheld
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
FATCA filling
requirement
5 State tax withheld
6 State/Payer's state no.
7 State income
Account number (see instructions)
2$
Form 1099-NEC
www.irs.gov/form1099NEC
Department of the Treasury - Internal Revenue Service](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd54b9605-f3e0-455d-b12b-41963aff5011%2Ff89fd7a2-8812-47df-bc88-ad0eac30ab5e%2Fhy7i6t_processed.png&w=3840&q=75)
Transcribed Image Text:VOID
O CORRECTED
PAYER'S name, street address, city or town, state
or foreign postal code, and telephone no.
province, country, ZIP
OMB No. 1545-0116
20 XX
Nonemployee
Compensation
Form 1099-NEC
1 Nonemployee compensation
Сорy 1
PAYER'S federal identification number
RECIPIENT'S identification number
For State Tax
Department
3
RECIPIENT'S name
4 Federal income tax withheld
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
FATCA filling
requirement
5 State tax withheld
6 State/Payer's state no.
7 State income
Account number (see instructions)
2$
Form 1099-NEC
www.irs.gov/form1099NEC
Department of the Treasury - Internal Revenue Service
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