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C/o CML Administrators, LLC 6 Dixon Avenue P.O. Box 1885 Concord, NH 033021885 FAX: (603) 2269696 www.nhhealthplan.org TEL: 6032277CML (7265) April 11, 2003, To: All NH HP Member Companies Re: 1.
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04-10 forms and amnesty refer to the process of disclosing previously unreported foreign assets and income to the tax authorities in exchange for reduced penalties.
Individuals or entities who have unreported foreign assets and income are required to file 04-10 forms and amnesty.
To fill out 04-10 forms and apply for amnesty, individuals must disclose all relevant information about their foreign assets and income, pay any outstanding taxes, interest, and penalties, and submit the necessary forms to the tax authorities.
The purpose of 04-10 forms and amnesty is to encourage taxpayers to come forward and disclose their unreported foreign assets and income, while also allowing them to avoid more severe penalties.
On 04-10 forms and amnesty, individuals must report all foreign bank accounts, investments, and other assets, as well as any income generated from those assets.
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