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INTERNSHIP MANUAL LEI 4940 and 4941 LEI 6922RECREATIONAL THERAPY CURRICULUM FLORIDA INTERNATIONAL UNIVERSITY Revised December 2019PREFACE Fieldwork experience is one of the most important steps a
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LEI 4940 and 4941 are specific forms used by U.S. taxpayers to report certain foreign financial accounts and transactions to the Internal Revenue Service (IRS).
U.S. taxpayers who have foreign financial accounts, which exceed certain thresholds, or who engage in specific foreign transactions are required to file LEI 4940 and 4941.
To fill out LEI 4940 and 4941, taxpayers must gather the necessary financial information, complete the forms with accurate data regarding their foreign accounts and reportable transactions, and finally submit them to the IRS as directed.
The purpose of LEI 4940 and 4941 is to ensure compliance with U.S. tax laws regarding foreign accounts and transactions, providing transparency in international financial dealings.
Information required includes details of the foreign accounts, such as account numbers, financial institution names, and the maximum value of the accounts during the reporting period.
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