For each of the following payments, indicate the form that should be used to report the payment:
Question:
a. Interest of $400 paid by a bank
b. Payment of $400 in dividends by a corporation to a shareholder
c. Periodic payments from a retirement plan
d. Salary as president of the company
e. Las Vegas keno winnings of $25,000
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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a Form 1099IN...View the full answer
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Ali Khawaja
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Related Book For 
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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