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Who needs globastar?
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What is globastar?
Globastar is a form used to report financial information of individuals or entities with foreign financial assets.
Who is required to file globastar?
Any individual or entity that meets the filing requirements set by the IRS must file a globastar.
How to fill out globastar?
Globastar can be filled out electronically through the IRS website or by mailing a paper copy to the IRS.
What is the purpose of globastar?
The purpose of globastar is to prevent tax evasion by individuals or entities with foreign financial assets.
What information must be reported on globastar?
Information such as the value of foreign financial assets, income generated from those assets, and any foreign accounts must be reported on globastar.
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