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Open Studios 2012 Info Event weekends: June 2 & 3, and June 9 & 10, 2012 Application deadline: Thursday, December 1, 2011, General Information Art at the Source (ACTS) offers professional artists
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What is art at form source?
ART stands for Automatic Exchange of Information and the form source refers to the financial institution or entity that is required to report information about their account holders to tax authorities.
Who is required to file art at form source?
Financial institutions and entities that hold accounts for foreign individuals or entities are required to file ART at form source.
How to fill out art at form source?
ART forms can be filled out electronically through the designated platform provided by the tax authorities.
What is the purpose of art at form source?
The purpose of ART at form source is to facilitate the automatic exchange of financial information between different tax jurisdictions in order to combat tax evasion and improve tax transparency.
What information must be reported on art at form source?
Information such as account holder's name, address, tax identification number, account balance, and income generated from the account must be reported on ART at form source.
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