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DURABLE POWER OF ATTORNEY THIS is intended to constitute a DURABLEPOWER OF ATTORNEY pursuant to Article 5, Title 15 of the New York General ...with respect to the following matters: 1. Execute for
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I form undersigned having refers to the Internal Revenue Service (IRS) form that individuals or entities use to report information on assets held overseas.
U.S. citizens, resident aliens, and certain non-resident aliens who have financial interest in or signature authority over foreign financial accounts must file i form undersigned having.
I form undersigned having can be filled out online through the e-filing system provided by the IRS. Alternatively, individuals can download the form from the IRS website and mail it in.
The purpose of i form undersigned having is to comply with the Foreign Account Tax Compliance Act (FATCA) regulations and to help prevent tax evasion by individuals hiding assets overseas.
Information such as the name of the foreign financial institution, the maximum value of the account during the year, and the account number must be reported on i form undersigned having.
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