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STATEMENT OF INFORMATION 3/58 GOVERNMENT ROAD, FRANKSTON, VIC 3199 PREPARED BY KAREN DAY, US REAL ESTATE, PHONE: 0490 242 303STATEMENT OF INFORMATION Section 47AF of the Estate Agents Act 19803/58
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Karen Day (or K-1 Day) refers to a specific day designated for certain tax reporting and compliance requirements related to foreign accounts and entities in the United States.
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Individuals and entities that have financial interests in or signature authority over foreign financial accounts or certain foreign entities are required to file Karen Day.
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The purpose of Karen Day is to ensure compliance with U.S. tax laws regarding foreign financial assets and accounts, preventing tax evasion and promoting transparency.
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Information that must be reported includes account numbers, names of financial institutions, account balances, and details regarding foreign entity interests.
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