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If Am : I A K A D A The meaning of IA:CANADA. IA:INK (ya yuk×, meaning six (6) in Mohawk representing the six SOAD regions. A is for Aboriginal, D is for Diabetes and A for Areas. INSIDE THIS ISSUE
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What is i a k?
IAK stands for Informational Return of Foreign Financial Assets.
Who is required to file i a k?
U.S. persons who have a financial interest in or signature authority over foreign financial accounts.
How to fill out i a k?
The i a k form can be filled out electronically and must include details about foreign financial accounts.
What is the purpose of i a k?
The purpose of i a k is to report foreign financial accounts in compliance with the Bank Secrecy Act.
What information must be reported on i a k?
Information such as the account number, name of the financial institution, and maximum value of the account must be reported on i a k.
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