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Federal Inland Revenue Service (FIRS) was created in 1943. Prior to that time, its functions had been performed by the Inland Revenue Department of British West Africa. [2] The Board of Inland Revenue was created in 1958, and the service gained autonomy with the passing of the FIRS (Establishment) Act 13 of 2007. [3]
Form 1099-NEC replaces 1099-MISC as the form used to report independent contractor income. If you paid an independent contract $600 or more, you’ll need to file one.
1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
Form 1099 is also used to report interest (1099-INT), dividends (1099-DIV), sales proceeds (1099-B) and some kinds of miscellaneous income (1099-MISC). Blank 1099 forms and the related instructions can be downloaded from the IRS website. The following table provides information for each variant. Note that for those who have electronic filing of ...
Website. www.riversbirs.gov.ng. The Rivers State Internal Revenue Service (abbreviated RIRS) was formed in 1993 under the Board of Internal Revenue Law 1993 (No. 3). It is a government agency entrusted to assess, collect and account for all taxes, fees and levies in Rivers State, Nigeria. It is involved in the formulation of tax policy as well ...
Constitution of Nigeria. Website. https://finance.gov.ng/. The Federal Ministry of Finance is the government body that manages the finances of the Federal Government of Nigeria, including managing, controlling and monitoring federal revenues and expenditures. [1]
Budget Office of the Federation (BOF) [24] Bureau of Public Procurement (BPP) [25] Central Bank of Nigeria (CBN) [26] Corporate Affairs Commission (CAC) [27] Debt Management Office (DMO) [28] Federal Inland Revenue Service (FIRS) [29] Federal Mortgage Bank of Nigeria (FMBN) [30] Fiscal Responsibility Commission (FRC) - defunct[3]
In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...