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What is write in expanded bformb?
Expanded BIR Form B is a financial statement that includes detailed information about a taxpayer's income, expenses, assets, and liabilities. It is used by individuals, partnerships, and corporations in the Philippines to report their financial status.
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Individuals, partnerships, and corporations in the Philippines who meet certain criteria are required to file Expanded BIR Form B.
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The purpose of Expanded BIR Form B is to help the Bureau of Internal Revenue (BIR) assess the tax liabilities of taxpayers based on their financial information.
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Taxpayers must report their income, expenses, assets, and liabilities on Expanded BIR Form B. They must also provide supporting documents to validate the information provided.
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