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BILGE WATER THE NEWSLETTER OF THE SURREY PARK MODEL BOAT CLUB INC. POSTAL ADDRESS: The Secretary, S.P.M.B.C. PO Box 2 Ascot Vale VIC 3032 Club Website: www.spmbc.org.au/ Email: SMBC optushome.com.AU
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SPMBC stands for Single Premium Modified Endowment Contract.
Insurance companies and individuals who have purchased a Single Premium Modified Endowment Contract are required to file SPMBC.
SPMBC forms can be filled out either manually or electronically, following the instructions provided by the IRS.
The purpose of SPMBC is to provide tax advantages for individuals seeking to invest in life insurance policies.
SPMBC forms require individuals to report the premium paid, policy details, and any distributions made from the contract.
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