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JOINT APPROVED FORM, WINNEBAGO COUNTY BAR ASSOCIATION .CBA. AND ROCKFORD AREA ASSOCIATION OF REALTORS .REAR. RADON DISCLOSURE PURSUANT TO ILLINOIS RADON AWARENESS ACT FOR SALES OF SINGLE-FAMILY &
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RAAR stands for Report of Assets and Liabilities in Foreign Countries. It is a report that individuals or entities with foreign assets are required to file.
Any individual or entity with foreign assets exceeding a certain threshold is required to file RAAR.
RAAR can be filled out online through the designated government portal, providing detailed information about foreign assets and liabilities.
The purpose of RAAR is to prevent tax evasion and monitor assets held abroad by individuals or entities.
Information such as bank accounts, real estate properties, investment accounts, and other financial assets held in foreign countries must be reported on RAAR.
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