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** PUBLIC DISCLOSURE COPY ** Form990Return of Organization Exempt From Income Tax OMB No. 15450047| Do not enter social security numbers on this form as it may be made public. Open to Public InspectionDepartment

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How to fill out 720 st

01

Obtain Form 720 ST from the IRS website or office.

02

Fill in your personal information such as name, address, and social security number.

03

Enter the details of your excise tax liability in the appropriate sections of the form.

04

Calculate the total amount owed and include a check or money order for payment.

05

Review the form for accuracy and make sure all necessary information is provided.

06

Sign and date the form before mailing it to the IRS.

Who needs 720 st?

01

Anyone who is responsible for collecting, reporting, and paying excise taxes on goods or services may need to fill out Form 720 ST.

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What is 720 st?

720 st refers to the Report of Foreign Bank and Financial Accounts (FBAR) form, which is used by the Internal Revenue Service (IRS) to collect information on financial accounts held outside of the United States.

Who is required to file 720 st?

Any United States person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file Form 720 st.

How to fill out 720 st?

Form 720 st can be filled out electronically through the BSA E-Filing System on the FinCEN website. The form requires detailed information about each foreign financial account, including the name and address of the financial institution, the account number, and the maximum value of the account during the year.

What is the purpose of 720 st?

The purpose of Form 720 st is to combat money laundering, tax evasion, and other financial crimes by providing the IRS with information about foreign financial accounts held by U.S. persons.

What information must be reported on 720 st?

Information that must be reported on Form 720 st includes the name and address of the foreign financial institution where the account is held, the type of account, the account number, and the maximum value of the account during the year.

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