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FORM 604 Corporations Act 2001 Sect ion 671B Notice of change of interests of Substantial Holder JB HI-FI Limit ed ACN/ARSON: 093 220 136 For personal use only T o: 1. Details of substantial holder
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As for who needs section 671b, it is important to consult the specific regulations or guidelines applicable to your situation. Generally, section 671b may be required by individuals, organizations, or entities involved in legal or financial matters related to trusts, inheritance, or asset distribution. It is recommended to consult with legal or financial professionals who can provide accurate guidance based on your specific circumstances.
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Section 671b refers to a specific section of the Internal Revenue Code that deals with the treatment of certain foreign trusts.
Individuals or entities who are treated as the owner of a foreign trust for tax purposes are required to file section 671b.
Section 671b must be filled out by providing detailed information about the foreign trust, the owner(s) of the trust, and any income generated by the trust.
The purpose of section 671b is to ensure that the income and assets of foreign trusts are properly reported and taxed.
Information such as the name and address of the foreign trust, details of the trust's income and assets, and the names of the trust's owners must be reported on section 671b.
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