The IRS 674 form is used to report compensation paid to independent contractors. This form must be filed each year with your annual tax return. The information reported on this form helps the IRS determine if the payments you made to independent contractors were reasonable and in compliance with IRS rules. Use this form to report payments made to attorneys, accountants, consultants, and other professionals who are not employees of your company. Failure to file this form may result in fines and penalties from the IRS. Be sure to include all pertinent information on this form so that it can be processed correctly. Review the instructions carefully before completing this form.
| Question | Answer |
|---|---|
| Form Name | 674 Form |
| Form Length | 3 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 45 sec |
| Other names | fns674, fns 674 pdf, fns 674 form attachment, cattle usda form |
