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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 3OMB APPROVAL OMB Number: 32350104 Estimated average burden hours per response... 0.5INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
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Direct d or indirect refer to tax reporting requirements for financial transactions involving foreign entities. Direct d refers to transactions conducted directly with a foreign entity, while indirect refers to transactions conducted through an intermediary.
Any individual or entity engaged in financial transactions with foreign entities may be required to file direct d or indirect depending on the specific reporting requirements.
Direct d or indirect can be filled out by following the instructions provided by the relevant tax authorities. It typically involves reporting detailed information about the foreign transactions and entities involved.
The purpose of direct d or indirect is to ensure transparency and compliance with tax regulations in transactions involving foreign entities.
Information such as the name and address of the foreign entity, the nature of the transaction, and the amount involved must be reported on direct d or indirect forms.
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