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ILLINOIS COMMERCE COMMISSION TRANSPORTATION DIVISION / RAIL SAFETY SECTIONPROJECT STATUS REPORT TYPE: (CHECK ONE) PROGRESS X 1 COMPLETION PROJECT INFORMATION: Reporting Party: Docket/Order #; Date:
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Who needs publication 371?
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Individuals or businesses who are required to report certain financial information to the Internal Revenue Service may need publication 371.
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Taxpayers who have specific types of income or financial transactions may also need to fill out publication 371.
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What is publication 371?
Publication 371 is a form used by certain taxpayers to report information related to partnership transactions.
Who is required to file publication 371?
Partnerships and S corporations are required to file publication 371.
How to fill out publication 371?
Publication 371 should be filled out with details of partnership transactions and submitted to the IRS.
What is the purpose of publication 371?
The purpose of publication 371 is to report information on partnership transactions to the IRS for tax purposes.
What information must be reported on publication 371?
Publication 371 must include details of partnership transactions, income, expenses, and other relevant financial information.
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