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3590 No strand Avenue, Brooklyn, NY 11229 P: (718)6463700 F: (718)8913258 W: www.cfmkitchenbath.comCabinet Purchase Order FormCustomer Name: Business (if applicable): Product Line: Item: (ex. Wall
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The JBJ (Joint Bank Account Jurisdiction) of New York refers to the legal framework governing joint bank accounts and the requirement for individuals to report and disclose their joint account information for tax purposes.
All individuals who hold a joint bank account in New York, including both residents and non-residents, are required to file the JBJ.
To fill out the JBJ, individuals must provide their personal information, details of the joint account, including account numbers, and any income generated from the account. Accurate reporting of all changes during the tax year is also necessary.
The purpose of the JBJ is to ensure transparency and proper taxation on the income earned from joint accounts, as well as to prevent tax evasion by individuals holding joint accounts.
Information that must be reported includes the names of all account holders, Social Security numbers, account information (such as account numbers), and details of any income or interest earned from the accounts.
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