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RR26A 2 RR26A 2 () () 1. III / 2.
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III stands for Information Return Due Diligence.
Individuals or businesses who have certain reportable transactions are required to file iii.
III can be filled out electronically using the designated form provided by the IRS.
The purpose of iii is to report certain transactions that may have tax implications.
The information that must be reported on iii includes details of reportable transactions and any relevant tax information.
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