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Yoram Walla is a form used for reporting foreign assets by US taxpayers.
US taxpayers who have foreign financial accounts or assets that meet the reporting threshold are required to file Yoram Walla.
Yoram Walla can be filled out online through the IRS website or by using tax preparation software.
The purpose of Yoram Walla is to report foreign financial accounts and assets to the IRS in order to prevent tax evasion.
Information such as the name of the financial institution, account number, maximum value of the account during the year, and any income earned from the account must be reported on Yoram Walla.
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