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Appendix I UN-ASPA Five Stages of E-Government STAGE One Stage Two Stage Three Stage Four Stage Five UN-ASPA Stage Description Emerging Web Presence Sites serve as a public information source Static
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Form 102 refers to a specific tax form used to report the transfer or acquisition of control over a foreign corporation by a U.S. person.
U.S. persons who have acquired or transferred control over a foreign corporation within the tax year are required to file form 102.
To fill out form 102, you need to provide information about the acquiring or transferring person, details about the foreign corporation, and the nature of the transfer or acquisition. Additionally, you should include any supporting documents as required by the form instructions.
The purpose of form 102 is to disclose and report the transfer or acquisition of control over a foreign corporation by a U.S. person. This helps the IRS monitor and regulate international transactions.
Form 102 requires the reporting of information such as the U.S. person's identification, details about the foreign corporation, the date of the transfer or acquisition, and the fair market value of the transferred stock.
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