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N o r t HF o r TW o r the p t i s TC h u r ch CONNECTIONS
APRIL 24, 2016E × T E N D I N G H O P E TO G E T H E RNF WBC WELCOME
LIFE VERSES
Do you have a life verse or verses? Should you? This
morning
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What is f o r t?
FORT stands for Foreign Account Tax Compliance Act.
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Financial institutions, including banks and other financial entities, are required to file FORT.
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Filing FORT involves collecting information on foreign accounts and reporting it to the IRS.
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The purpose of FORT is to combat tax evasion by US persons holding accounts overseas.
What information must be reported on f o r t?
Information such as the account holder's name, address, account number, and balance must be reported on FORT.
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