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New Century STAR District 5020 April 2006 Volume 1 Issue 10 Joan Firing District Governor Hello again everyone: April as you know is Magazine Month have you had a quiz at your club to test your members
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New Century Star is a tax form used to report certain information about individuals and entities that have a financial interest in offshore accounts.
Individuals and entities with offshore accounts that meet certain threshold requirements are required to file New Century Star.
New Century Star can be filled out electronically or on paper following the instructions provided by the tax authorities.
The purpose of New Century Star is to combat tax evasion by ensuring that individuals and entities report their offshore accounts and assets.
New Century Star requires information such as the account holder's name, account number, financial institution, and the highest balance in the account during the reporting period.
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