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Vol. 7, No. 4April 2004Sullivan 'chargebacks M MonthlySolutions Monitor Target, S.C. Johnson & Gillette Demo Walmart Revises Cross-functional Teamwork at CMC CSM DevelopmentsTimetable For RFID Deployment
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Sullivans is a tax form used to report information about certain financial accounts held by U.S. taxpayers outside of the United States.
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U.S. taxpayers who have financial accounts outside of the United States with an aggregate value exceeding $10,000 at any time during the calendar year are required to file Sullivans.
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Sullivans can be filled out electronically through the FinCEN website by providing information about the foreign financial accounts owned by the taxpayer.
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The purpose of Sullivans is to combat tax evasion by ensuring that U.S. taxpayers report their foreign financial accounts and assets to the IRS.
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Sullivans requires taxpayers to report details about their foreign financial accounts, including the maximum value of each account during the year, account numbers, and the name and address of the financial institution.
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