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Greensboro North Carolina online Form 1099-CAP: What You Should Know
A nonemployee stockholder is a shareholder of an S corporation. You can receive a “W-2” form from a former employer, who did not work there anymore, and a 1099-G from the new employer. You can still file for a W-2 if your employment was terminated. If you received cash value, a 1099-G is not required. When you receive a 1099 in the mail, it may be for employment (or unemployment) tax purposes only. If you pay your taxes through a broker and receive a 1099-G, you must file electronically through the United States Internal Revenue Service.
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