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1378Kenya Subsidiary Legislation, 2024LEGAL NOTICE NO. 93 THE MERCHANT SHIPPING ACT (Cap. 389) IN EXERCISE of the powers conferred by section 263 of the Merchant Shipping Act, the Cabinet Secretary
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The l n 90-95 form is a tax form used by certain individuals or entities to report their foreign financial accounts and assets as part of compliance with U.S. tax laws.
Individuals or entities that have a financial interest in, or signature authority over, one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file the l n 90-95 form.
To fill out the l n 90-95 form, you need to provide detailed information about the foreign financial accounts, including account numbers, financial institution details, the maximum account balance during the reporting year, and personal identification information.
The purpose of the l n 90-95 form is to ensure compliance with U.S. tax regulations regarding the reporting of foreign financial accounts and to prevent tax evasion by individuals and entities hiding assets overseas.
The information that must be reported on the l n 90-95 form includes the name and address of the account holder, the account numbers for each foreign account, the names and addresses of the financial institutions, the maximum value of each account during the year, and the account balance at the end of the year.
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