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Your Dependent Care FSA WHAT IS A DEPENDENT CARE FSA? A Dependent Care FSA is a reimbursement account that allows you to set aside a certain amount of money each paycheck on a pretax basis to pay
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What is bfsab?
Bfsab stands for Bank Foreign Account Service Abroad.
Who is required to file bfsab?
Any US person with a financial interest in or signature authority over foreign financial accounts, whose aggregate value exceeds $10,000 at any time during the calendar year, is required to file bfsab.
How to fill out bfsab?
Bfsab can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
What is the purpose of bfsab?
The purpose of bfsab is to report foreign financial accounts to the US government in order to combat tax evasion and other financial crimes.
What information must be reported on bfsab?
Information such as the account holder's name, address, account number, type of account, and maximum value during the year must be reported on bfsab.
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