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AGENDA BOROUGH OF NORWOOD MAYOR AND COUNCIL PUBLIC MEETING JULY 14, 2021 7:00 PM MAYOR BARSA COUNCIL PRESIDENT ASCOLESE COUNCILMAN BRIZZOLARA COUNCILMAN FOSCHINO COUNCILWOMAN HAUSMANN COUNCILMAN KIM

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What is councilman kim?

Councilman Kim refers to a specific tax filing requirement for certain foreign bank accounts and assets held by U.S. taxpayers, often associated with the IRS Form 8938.

Who is required to file councilman kim?

U.S. taxpayers who have an interest in foreign financial accounts or assets that exceed certain thresholds are required to file councilman kim.

How to fill out councilman kim?

To fill out councilman kim, one must provide detailed information about foreign accounts and assets, including balances, account numbers, and types of assets, usually through the appropriate IRS form.

What is the purpose of councilman kim?

The purpose of councilman kim is to ensure that U.S. taxpayers disclose foreign financial assets to prevent tax evasion and improve financial transparency.

What information must be reported on councilman kim?

Information that must be reported includes account numbers, names of banks or financial institutions, maximum account values during the year, and types of assets held.

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