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Comprehensive financial reporting for candidates in the 2019 Territorial General Election, outlining contributions, expenses, and financial summary.
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What is form 2120?
Form 2120 is the IRS form used by taxpayers to report the acquisition of a corporation or partnership interest.
Who is required to file form 2120?
Taxpayers who acquire an interest in a corporation or partnership, and who are also required to report that acquisition to the IRS, must file Form 2120.
How to fill out form 2120?
To fill out Form 2120, taxpayers need to provide information about the acquisition details, including names, addresses, and type of interest acquired, along with supporting documentation.
What is the purpose of form 2120?
The purpose of Form 2120 is to ensure that the IRS is informed about significant ownership changes in corporations or partnerships, allowing for accurate taxation.
What information must be reported on form 2120?
Form 2120 requires reporting details such as the name and address of the acquiring party, a description of the interest acquired, and the date of acquisition.
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