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For official use only Receipt date : Application No. VMA 0 Voluntary Registration Scheme for Vehicle Maintenance Workshops Form 5 Application as a Registered Vehicle Maintenance Workshop Note 1. 5
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What is 5 - voluntary?
5 - voluntary refers to the voluntary disclosure program offered by the IRS for taxpayers who have undeclared foreign financial accounts or assets.
Who is required to file 5 - voluntary?
Taxpayers who have unreported foreign financial accounts or assets are required to file 5 - voluntary.
How to fill out 5 - voluntary?
To fill out 5 - voluntary, taxpayers must submit a disclosure through the appropriate forms, typically Form 14457.
What is the purpose of 5 - voluntary?
The purpose of 5 - voluntary is to encourage taxpayers to come forward and disclose any previously unreported foreign financial assets or accounts.
What information must be reported on 5 - voluntary?
Taxpayers must report detailed information about their foreign financial accounts, including account numbers, financial institutions, and balances.
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