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OTC 988 Revised 112023State of OklahomaApplication for Ad Valorem Tax Exemption for Charitable and Non Profit EntitiesTax Year 2024EXEMPTION: All property of any charitable institution organized or

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How to fill out 2024 form 988 application

01

Fill out personal information such as name, address, and contact details

02

Provide details about your income and tax information

03

Include information about any dependents or family members

04

Submit any supporting documents as required

05

Review the form for accuracy before submitting

Who needs 2024 form 988 application?

01

Individuals who are required to report their income and file taxes for the year 2024

02

Anyone who has dependents and needs to claim deductions or credits on their taxes

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What is form 988 application for?

Form 988 application is used to apply for the exclusion of certain foreign income from U.S. taxation under the Internal Revenue Code.

Who is required to file form 988 application for?

U.S. citizens and resident aliens who have foreign income and wish to exclude it from their taxable income are required to file form 988.

How to fill out form 988 application for?

To fill out form 988, you must provide personal information, details about your foreign income, and any supporting documentation required by the IRS.

What is the purpose of form 988 application for?

The purpose of form 988 application is to formally request the exclusion of eligible foreign earned income from U.S. federal income tax.

What information must be reported on form 988 application for?

The information required includes your name, address, foreign income details, residency information, and election statements regarding the exclusion.

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