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8937 Report of Organizational Actions OMS No. 15452224 Affecting Basis of Securities., See SE....;...pa r at e ins try u CTI. O NS. . Form (December 2011) Department of the Treasury Internal Revenue;;.;e.’
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What is see se?
See SE stands for Statement of Specified Foreign Financial Assets. It is a form that must be filed by U.S. persons who have ownership in certain foreign financial assets.
Who is required to file see se?
US persons including individuals, corporations, partnerships, trusts, and estates who have ownership in specified foreign financial assets totalling more than $50,000.
How to fill out see se?
The form must be filled out electronically and submitted to the IRS. It requires information about the taxpayer, the foreign financial institution, and the value of the assets.
What is the purpose of see se?
The purpose of the form is to help the IRS identify taxpayers who may be hiding assets overseas to avoid paying taxes.
What information must be reported on see se?
Taxpayers must report the type of foreign financial asset, the maximum value during the tax year, and the country where the asset is located.
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