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STANDARD PRACTICE BULLETIN The School Board of Broward County, FloridaBULLETIN NO.: I306 PAGE:1 of 2SUBJECT: MONTH END CLOSING, BANK RECONCILIATION AND PRINCIPAL\'S MONTHLY REPORT TOPICS IN BULLETIN: I. MONTH

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Start by carefully reading the instructions provided on the i-306 form. It is essential to understand the purpose of the form and the information required.

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What is i-306?

i-306 is a form used for reporting information about financial accounts held outside the United States.

Who is required to file i-306?

Any individual or entity that meets the reporting requirements set by the IRS is required to file form i-306.

How to fill out i-306?

i-306 can be filled out online or by mail, and requires detailed information about the foreign financial accounts.

What is the purpose of i-306?

The purpose of i-306 is to help the IRS track and monitor financial accounts held overseas to prevent tax evasion.

What information must be reported on i-306?

i-306 requires reporting information such as account number, account balance, and the name of the foreign financial institution.

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