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IATA Training and Examinations HandbookSection 12, Formica IOC ORAL EXAMINATION APPLICATION FOR CERTIFICATION AS TEACHING AND/OR SUPERVISING TRANSACTIONAL ANALYST Form 12.11.4 This form must reach
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What is form 12114?
Form 12114 is a form used to report information related to foreign trusts with U.S. owners.
Who is required to file form 12114?
Any U.S. person who is considered to have an ownership interest in a foreign trust is required to file form 12114.
How to fill out form 12114?
Form 12114 can be filled out by providing the necessary information such as details of the foreign trust, its beneficiaries, and any distributions made.
What is the purpose of form 12114?
The purpose of form 12114 is to report information about foreign trusts that have U.S. owners, in order to ensure compliance with tax laws.
What information must be reported on form 12114?
Information such as the name and address of the foreign trust, details of U.S. beneficiaries, and any income or distributions received must be reported on form 12114.
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