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What is the CRS? The Common Reporting Standard (CRS) is a new information-gathering and reporting requirement for financial institutions in participating countries/jurisdictions, to help fight against tax evasion and protect the integrity of tax systems.
Centralized Receivables Service (CRS) helps federal agencies manage their accounts receivable money owed to the agency from individuals, businesses, and states. CRS focuses on collecting current, non-tax, administrative debts prior to delinquency.
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