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THIS FORM MUST BE ATTACHED TO EACH TEST SENT TO THE ASSESSMENT CENTER INSTRUCTOR ___ COURSE___ PHONE ___ STUDENT TO BE TESTED___ TESTING INFORMATION: 1. TEST TO BE TAKEN. BE SPECIFIC (E.G. CHAPTER
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Chapter 4 assessments pertain to the reporting and withholding requirements for payments to foreign entities under the Foreign Account Tax Compliance Act (FATCA).
Financial institutions and other entities making payments to foreign entities are required to file chapter 4 assessments.
Chapter 4 assessments can be filled out electronically through the IRS FATCA Online Registration System.
The purpose of chapter 4 assessments is to ensure compliance with FATCA regulations and prevent tax evasion by foreign entities.
Chapter 4 assessments must include information on the foreign entity receiving payments, the nature of the payments, and any withholding amounts.
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