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COLORADO COURT OF APPEALS ___Court of Appeals No. 02CA1171Jefferson County District Court No. 99CR1703Honorable R. Brooke Jackson, Judge ___The People of the State of Colorado, PlaintiffAppellee,
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Division 8603 refers to a section of the U.S. tax code that pertains to the reporting of certain tax-related information by taxpayers.
Taxpayers who have specific types of foreign income, foreign accounts, or who meet certain criteria may be required to file for division 8603.
To fill out division 8603, taxpayers must provide information about their foreign income and accounts, typically using the appropriate tax forms and following the instructions provided by the IRS.
The purpose of division 8603 is to ensure that taxpayers accurately report their foreign income and comply with U.S. tax laws regarding international financial activities.
Taxpayers must report information such as foreign bank accounts, types of foreign income earned, and any foreign taxes paid.
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