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Office of Chief Counsel Internal Revenue ServiceMemorandum Number: 200738010 Release Date: 9/21/2007 CC:PA:B06:Spitzer POSTF10623107 ILC: date: to:from:subject: Third Party Communication: Date of
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Form 870 - internal is a tax form used by the IRS for certain internal transactions.
Individuals or entities who have engaged in certain internal transactions as defined by the IRS are required to file form 870 - internal.
Form 870 - internal should be filled out with the details of the internal transactions, including the amount and nature of the transaction.
The purpose of form 870 - internal is to report internal transactions to the IRS for tax purposes.
Information such as the amount, nature, and parties involved in the internal transactions must be reported on form 870 - internal.
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