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INTRADEPARTMENTAL CORRESPONDENCE August 30 2011 TO The Honorable Board of Police Commissioners FROM BPC No. 11-0353 Chief of Police SUBJECT TRANSMITTAL OF THE GRANT REPORT FOR THE 2011/2012 JUVENILE JUSTICE CRIME PREVENTION ACT JJCPA PROGRAM RECOMMENDED ACTIONS 1.
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What is 0353 form?
The 0353 form is a tax form used for electing to be treated as an S corporation for tax purposes.
Who is required to file 0353 form?
Any domestic corporation or eligible entity with at least one shareholder can file the 0353 form to elect S corporation taxation.
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To fill out the 0353 form, you need to provide information about your corporation, shareholders, and the election to be treated as an S corporation. Specific instructions can be found on the form itself or the IRS website.
What is the purpose of 0353 form?
The purpose of the 0353 form is to elect to be treated as an S corporation for tax purposes. This allows eligible entities to pass their income, deductions, and credits through to shareholders for federal tax purposes.
What information must be reported on 0353 form?
The 0353 form requires information such as the name and address of the corporation, details of the shareholders, their ownership percentages, the effective date of the S corporation election, and other related information.
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