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Rule 20F(1) FORM 11C SMALL CLAIMS TRIBUNALS ACT (CHAPTER 308)Claim No.: Enter Claim No. Application No:Enter Your Name AppellantEnter the other Parties Name RespondentAPPLICATION FOR LEAVE TO APPELLATE
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Rule 20f1 pertains to the reporting of foreign financial accounts.
US persons with foreign financial accounts exceeding certain thresholds are required to file rule 20f1.
Rule 20f1 can be filled out online through the appropriate reporting portal provided by the IRS.
The purpose of rule 20f1 is to prevent tax evasion by ensuring proper reporting of foreign financial accounts.
Information such as the account holder's name, account number, location, and maximum value during the reporting period must be reported on rule 20f1.
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