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North Las Vegas Nevada Form 5472: What You Should Know
Non-US Persons must file Form 5472 if all the persons whose income earned is at least 1.5 times the foreign individual income, to include the corporations. Foreign person: Form 5472, Information Return of a 25% Foreign — IRS To determine which of a total of 50 transactions should be reported by each foreign person, enter the transaction code (1 for foreign-owned, 50 for non-US person) in the line item on line 4a, if and only if the line item on line 6e does not include any transaction code.
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