Schedule Details

Form C 7 is a document that tax professionals use to report the sale or exchange of property. This form is used to report the proceeds from the sale, any adjustments to basis, and any gain or loss on the transaction. The deadline for filing Form C 7 is the same as for filing your income tax return. You must file this form regardless of whether you owe federal income tax on the gain. If you are not sure how to complete this form, please consult a tax professional.

You may find information about the type of form you would like to complete in the table. It can show you the span of time you'll need to finish form c 7, exactly what parts you will have to fill in and some further specific facts.

QuestionAnswer
Form NameForm C 7
Form Length2 pages
Fillable?Yes
Fillable fields102
Avg. time to fill out20 min 58 sec
Other namesList, Commission, 15th, recordstwc

Form Preview Example

TEXAS WORKFORCE COMMISSION

Austin, TX 78714-9037

Wage List Adjustment Schedule

(To Correct Total Wages Previously Filed on Form C-4)

Account Number:

Page No.

 

Of

 

 

 

Qtr./Yr.

Employer's Name and Address:

See Reverse Side For Instructions

If the Social Security number, name or wages of one or more employees were omitted from or erroneously reported on a Wages List, each such error should be corrected on this form. List only the data for which corrections are required.

Reason For Adjustment:

For TWC Use Only

Audited by

Prepared By

AE Number

AE Number

Important (If this adjustment affects total or taxable wages reported on Form C-3, Employer's Quarterly Report, you

must complete Form C-5, Adjustment Report.)

 

C-5 Attached

(1)

Employee's

Social Security

Account Number

(2)

Employee's Name

1st 2nd

Init. Init. Last

(3)(4)

Total Wages

As Reported

Corrected

Totals

Completed forms, inquiries, or corrections to the individual information contained in this form shall be sent to the TWC Tax Department, PO Box 149037, Austin, Texas 78714-9037, (512) 463-2699. Individuals may receive and review information that TWC collects about the individual by emailing to open.records@twc.state.tx.us or writing to TWC Open Records, 101 E. 15th St., Rm. 266, Austin, TX 78778-0001.

I certify all information contained in this adjustment is true and correct.

Signed

 

Title

 

Date

 

20

(Signature and Title-Owner, Partner, President, Etc.)

C-7 (0907) Inv. No. 518950

A Separate Form Must Be Filed For Each Quarter Being Corrected.

List Only The Data For Which Corrections Are Required

Examples To Correct Data Previously Reported or Omitted

(1)

Employee's

Social Security

Account Number

(2)

Employee's Name

1st 2nd

Init. Init. Last

(3)(4)

Total Wages

As Reported

Corrected

 

 

The following example illustrates the proper method to report either omitted Social Security Account Number(s) or Wage Amount(s). The Total Wages, As Reported, Column (3) will be -0- as no wages were credited to employee's earning records due to the omitted Social Security Account Number or wage amount.

123

45

6789

J. A. DOE

-0-

The following example illustrates the proper method to correct the amount of wages previously reported for J. A. Doe.

1,000.00

123

45

6789

J. A. DOE

1,000.00

1,200.00

The following example illustrates the proper method to correct wages erroneously reported for J. B. Doe instead of J. A. Doe.

123

45

6789

J. B. DOE

1,000.00

-0-

123

45

6789

J. A. DOE

-0-

1,000.00

The following example illustrates the proper method to correct the reporting of an erroneous Social Security Account Number.

123

54

6789

J. A. DOE

1,000.00

-0-

123

45

6789

J. A. DOE

-0-

1,000.00

How to Edit Form C 7

Few things can be simpler than filling out documents working with our PDF editor. There is not much you should do to change the Commission form - merely follow these steps in the next order:

Step 1: This webpage contains an orange button saying "Get Form Now". Press it.

Step 2: As soon as you've entered the editing page Commission, you will be able to see each of the options readily available for the file at the top menu.

The next segments will constitute the PDF document that you will be creating:

entering details in C-5 step 1

Remember to type in your details in the part Account Number, Init, Init, Last, As Reported, Corrected, Totals, Completed forms, and I certify all information.

Finishing C-5 step 2

It is necessary to note particular details inside the field Signed, Title, Date, I certify all information, (Signature and Title-Owner, and C-7 (0907) Inv.

Finishing C-5 part 3

You need to specify the rights and obligations of the sides inside the A Separate Form Must Be Filed For, List Only The Data For Which, Examples To Correct Data, Employee's, Employee's Name, Social Security, 1st, 2nd, Account Number, Init, Init, Last, Total Wages, As Reported, and Corrected box.

Filling out C-5 part 4

Prepare the form by checking the next fields: The following example illustrates, The following example illustrates, and The following example illustrates.

Filling out C-5 step 5

Step 3: If you're done, hit the "Done" button to upload your PDF document.

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