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SUMMIT COUNTY GOVERNMENT
9706684200
Fax 9706684225
Post Office Box 5660
0037 SCR 1005
Frisco, Colorado 8044LOCAL IMPROVEMENT DISTRICT
PROCESS
A Local Improvement District (LID) starts with a group
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What is lid information?
lid information refers to the reporting of certain financial account information to tax authorities.
Who is required to file lid information?
Financial institutions and individuals with foreign financial accounts exceeding a certain threshold are required to file lid information.
How to fill out lid information?
Lid information is typically filled out electronically through the tax authority's designated portal or software.
What is the purpose of lid information?
The purpose of lid information is to combat tax evasion and ensure compliance with tax laws.
What information must be reported on lid information?
Information such as account balances, interest income, and account holders' personal details must be reported on lid information.
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