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Spindle Sander Safety Rules Name: Date: Directions: Before operating the spindle sander you are required to know each of the following rules pertaining to operating and using the spindle sander safely.
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RFCSC stands for Report of Foreign Bank and Financial Accounts, it is a form used to report foreign financial accounts to the IRS.
Any U.S. 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 RFCSC.
RFCSC can be filled out electronically through the BSA E-Filing System or by filling out Form 114 and mailing it to the IRS.
The purpose of RFCSC is to combat tax evasion and money laundering by ensuring that U.S. persons report their foreign financial accounts.
RFCSC requires U.S. persons to report the name of the foreign financial institution, the account number, the maximum value of the account during the year, and the country where the account is located.
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