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An Independent NewspaperBeat The Rush\'News Review Volume 64, Number 2315 Crescent Rd., Suite 100, Greenbelt, MD 207701887Artists, Jugglers, Old Photos And More at Artful Afternoon by Ellen Baer,
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Beat form rush is a specific tax form that reports certain transactions that may affect the computation of a taxpayer's taxes, particularly related to the Base Erosion and Anti-abuse Tax (BEAT).
Entities that are deemed large corporations and have a significant amount of base erosion payments to foreign related parties are required to file the beat form rush.
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The purpose of beat form rush is to provide a mechanism for the IRS to monitor and assess base erosion payments made by U.S. corporations to foreign entities, thereby ensuring compliance with U.S. tax laws.
Information that must be reported includes details on the taxpayer’s income, base erosion payments, and calculations related to the Base Erosion and Anti-abuse Tax.
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