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Caution: DRAFT TAX PRODUCT. This is an advance proof copy of an IRS tax form, instructions, or publication. It may be subject to change and OMB approval ...
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Who needs caution draft tax product?

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Individuals who want to estimate their tax liability before filing their official tax return.
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Anyone who wants to have a better understanding of their tax position and potential tax savings.
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The caution draft tax product is a form used to report potential tax liabilities that are still under review by the tax authorities.
Taxpayers who have uncertainties about their tax liabilities and want to disclose them to the tax authorities are required to file caution draft tax product.
To fill out caution draft tax product, taxpayers need to accurately report any potential tax liabilities that are still under review and provide all supporting documentation.
The purpose of caution draft tax product is to disclose potential tax liabilities to the tax authorities in a transparent manner.
Taxpayers must report any potential tax liabilities that are still under review, along with all relevant documentation to support their claims.
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