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ACTION ITEM Governing Board Agenda Item Number VI. A.1 Meeting Date: September 22, 2009, Item Title Approval of Intergovernmental Agreement Between the Governors Office of Economic Recovery and The
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Via1 American Recovery IGA is an international agreement designed to promote tax compliance and combat tax evasion.
Financial institutions are required to file Via1 American Recovery IGA.
Via1 American Recovery IGA can be filled out electronically through the designated platform provided by the IRS.
The purpose of Via1 American Recovery IGA is to share financial account information with foreign tax authorities to prevent tax evasion.
Information such as account balances, interest, dividends, and other income must be reported on Via1 American Recovery IGA.
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