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FYI O R Y O U R I N F O R M A T I ON Issue 1072 Date: 10/26/10NEW FEDERAL REQUIREMENT ADDED TO THE 90DAY TRANSITION PLANT his is to advise staff that as the result of the release of All County Letter
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FYI 10-72 is a new federal filing requirement designed to report specific tax information to the federal government.
Businesses and organizations that meet certain criteria, such as income thresholds or specific business activity, are required to file FYI 10-72.
To fill out FYI 10-72, you need to gather the required financial information, complete the relevant sections on the form accurately, and submit it by the deadline.
The purpose of FYI 10-72 is to provide the federal government with important tax information to ensure compliance with tax laws.
The information that must be reported includes income details, deductions, and other relevant financial data as specified by the IRS.
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