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GTE SERVICE CORPORATION
One Tampa City Center
201 North Franklin Street (33602)
Post Office Box 110, FLTC0007
Tampa, Florida 33601 0110
8134832606
8132048870 (Facsimile)Kimberly Ca swell
Counsel July
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What is l i i t?
l i i t stands for 'Legacy Income Inclusion Tax', a tax compliance requirement for entities involved in certain financial transactions.
Who is required to file l i i t?
Entities engaged in specific income-generating activities or transactions are required to file l i i t to report their income accurately.
How to fill out l i i t?
To fill out l i i t, taxpayers must complete a designated form, providing necessary financial details and ensuring accuracy in reporting income.
What is the purpose of l i i t?
The purpose of l i i t is to ensure compliance with tax regulations and to report income properly to avoid evasion or discrepancies.
What information must be reported on l i i t?
Taxpayers must report their total income, specific transaction details, and any deductions applicable to ensure transparency and compliance.
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