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AN ORDINANCE AMENDING CHAPTER 1475 (HISTORIC PRESERVATION) SECTION 1475.03 (HISTORIC PRESERVATION COMMISSION), SECTION 1475.13 (APPLICATION REVIEW), AND SECTION 1475.14 (CERTIFICATE OF APPROPRIATENESS)
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What is preservation section 1475?
Preservation section 1475 is a provision under the United States Internal Revenue Code that requires certain financial institutions outside of the United States to preserve and report information related to their US account holders.
Who is required to file preservation section 1475?
Financial institutions outside of the United States that have US account holders are required to file preservation section 1475.
How to fill out preservation section 1475?
To fill out preservation section 1475, financial institutions need to collect and report information about their US account holders as specified by the Internal Revenue Service (IRS). The specific reporting requirements can be found in the IRS guidelines and forms.
What is the purpose of preservation section 1475?
The purpose of preservation section 1475 is to ensure that financial institutions outside of the United States are preserving and reporting the necessary information about their US account holders to aid in the enforcement of the US tax laws.
What information must be reported on preservation section 1475?
The specific information that must be reported on preservation section 1475 is determined by the IRS. It typically includes the account holder's identifying information, account balances, and any income or withdrawals associated with the account.
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