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THEGEORGEANDLISLSINGER SCHOLARSHIP WhatisTheGeorgeandLislSingerScholarship GarySingerandGeoffreySmithwishtofundanundergraduatescholarshipnamedafterGarysparents, GeorgeandLislSingerwhomigrated to Australia.
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The George and is needed by individuals who are required to file a tax return for the year 2018. This includes U.S. citizens, resident aliens, and certain nonresident aliens who meet specific income threshold requirements set by the Internal Revenue Service (IRS). It is important for anyone who received income during the year, even if it is below the filing threshold, to review the rules and determine if filing a return is necessary.
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The George and Lisl refers to a tax form used for reporting foreign financial accounts.
Any U.S. person with a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year is required to file the George and Lisl.
The George and Lisl form can be filled out electronically using the Treasury Department's Financial Crimes Enforcement Network (FinCEN) website.
The purpose of the George and Lisl form is to combat tax evasion by ensuring that U.S. persons report their foreign financial accounts.
The George and Lisl form requires reporting the maximum value of each foreign financial account during the calendar year and the location of the account.
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