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APPLYING FOR AN ILLINOIS FOOD SERVICE SANITATION MANAGER CERTIFICATE (FS SMC) ****(Effective 10/17/16)**** Before you get started: o You must have a copy of your national food protection manager certificate,
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FSSMC stands for Foreign Bank and Financial Accounts Report, commonly known as FBAR.
Any US person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file an FSSMC.
FSSMC can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of FSSMC is to combat tax evasion and money laundering by US persons holding overseas financial accounts.
FSSMC requires reporting information about foreign financial accounts, including the account number, name on the account, and maximum account value during the reporting period.
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