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JIM POJDADECEMBER 2005Realtor Direct: 408.832.8899 Email: Jim Pond.org Website: www.JimPojda.comV creating memorable Impressions Check your insurance policies for selling in the winterAccording to
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Direct 408 is a form used to report certain financial transactions to the IRS.
Any individual or entity that engages in financial transactions that meet the reporting requirements set by the IRS must file direct 408.
Direct 408 can be filled out electronically or by mail, following the instructions provided by the IRS.
The purpose of direct 408 is to provide the IRS with information about specific financial transactions that may have tax implications.
Direct 408 requires information such as the parties involved in the transaction, the nature of the transaction, and the amount of money involved.
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