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Texas Assessment ProgramCentralized Reporting System User Guide For Summative Assessments20202021 Published April 14, 2022, Prepared by Cambium Assessment, Inc. Cambium Assessment Descriptions of
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Centralized Reporting System (CRS) is a system that allows for the submission and reporting of financial information to tax authorities.
Financial institutions and other entities in participating jurisdictions are required to file centralized reporting system CRS.
The centralized reporting system CRS can be filled out electronically through the online portal provided by tax authorities.
The purpose of centralized reporting system CRS is to facilitate the automatic exchange of financial information between tax authorities in different countries.
Information such as account balances, interest, dividends, and other financial income must be reported on centralized reporting system CRS.
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