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Lance Run Page 1 of 2 Dominion Lending Centers — Absolute Rate Mortgages Inc. × 6 9965 152nd. Street, Surrey, B.C. V3R4G5 Bus- 604-882-2010 Fax- 604-882-2014 Email- Luna dominion lending.ca MORTGAGE
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What is lance runa?
Lance runa is a tax form used for reporting information related to foreign financial assets.
Who is required to file lance runa?
US persons, including citizens, residents, and certain non-resident aliens, are required to file lance runa if they meet the specified threshold.
How to fill out lance runa?
Lance runa can be filled out electronically through the IRS website or by paper form. It requires information about foreign financial accounts and assets.
What is the purpose of lance runa?
The purpose of lance runa is to combat tax evasion by ensuring that US persons report their foreign financial assets to the IRS.
What information must be reported on lance runa?
Information such as the maximum value of foreign financial accounts, income generated from foreign assets, and details about specific foreign assets must be reported on lance runa.
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