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Republic INSPECTION COPY990OMB No. 154500472020Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)G Do
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The preparer review copy is used to provide a preliminary version of a tax return or report to the taxpayer for review before the final submission to the relevant tax authority.
Tax preparers who handle client tax returns are required to file a preparer review copy to ensure accuracy and compliance before final submission.
To fill out the preparer review copy, the preparer needs to provide all the necessary information required on the tax return along with any supporting documentation and ensure that it is accurate for the taxpayer's review.
The purpose of the preparer review copy is to allow the taxpayer to verify the accuracy of their tax return, discuss any discrepancies, and make necessary corrections before filing.
The preparer review copy must report all relevant tax information including income, deductions, credits, and any other pertinent details that affect the taxpayer's obligations.
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