A 12b tax form (Schedule B, 12B) is a document that derives its name from the Internal Revenue Service. This document is commonly used when making income tax-related documents. Each year, you will receive a 1099 form that will detail your income earned from programs such as wages, interest, and other royalties paid to you. Schedule B-12b acts as an annual report of your total sales for the entire year listed on each of the 1099s received.
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