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ARE YOU AN ADVANCED TARGET? DO YOU OWN OR MANAGE PROPERTY IN YOUR OWN NAME? DO YOU OWN A BUSINESS, HAVE A TEENAGE DRIVER, HAVE EMPLOYEES, EARN A HIGH INCOME, OR HAVE ASSETS THAT MAKE OTHERS ENVIOUS?
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Land trusts made simple is a simplified form used to report information about land trusts for tax purposes.
Any individual or entity that is involved in a land trust arrangement is required to file land trusts made simple.
Land trusts made simple can be filled out by providing relevant information about the land trust arrangement, such as the trust's name, address, and tax identification number.
The purpose of land trusts made simple is to ensure that the IRS has accurate information about land trust arrangements for tax reporting purposes.
Information such as the trust's name, address, tax identification number, and details of trustees must be reported on land trusts made simple.
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