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What is h e r a?
H e r a stands for Foreign Account Tax Compliance Act (FATCA).
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Financial institutions around the world are required to file h e r a.
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H e r a can be filled out electronically through the IRS online portal.
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The purpose of h e r a is to prevent tax evasion by U.S. taxpayers holding accounts overseas.
What information must be reported on h e r a?
Financial institutions must report information on U.S. account holders.
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