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Combined Return Instructions edited 10-22-12 page 4 2011 Form 355U Income Excise for Taxpayers Subject to Combined Reporting This form is to be submitted on behalf of every combined group that is filing pursuant to M.
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What is 355u?
355u is a form used for reporting certain financial transactions related to foreign trusts and foreign gifts.
Who is required to file 355u?
U.S. persons receiving foreign gifts or U.S. grantors of foreign trusts may be required to file Form 355u.
How to fill out 355u?
To fill out Form 355u, you should provide the required information including personal details, descriptions of the transactions, and any applicable tax credits.
What is the purpose of 355u?
The purpose of Form 355u is to gather information about financial transactions involving foreign trusts and gifts to ensure compliance with tax regulations.
What information must be reported on 355u?
Form 355u requires reporting of information such as the nature of the transaction, the value of the transaction, and details of the foreign trust or gift.
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