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What is fruaid i c i?
Fruaid i c i stands for Foreign Account Tax Compliance Act (FATCA), which is a United States federal law requiring foreign financial institutions to report information about accounts held by US taxpayers.
Who is required to file fruaid i c i?
Foreign financial institutions are required to file fruaid i c i.
How to fill out fruaid i c i?
Fruaid i c i can be filled out electronically through the IRS's online portal.
What is the purpose of fruaid i c i?
The purpose of fruaid i c i is to prevent tax evasion by US taxpayers using foreign accounts.
What information must be reported on fruaid i c i?
Fruaid i c i requires detailed information about foreign financial accounts held by US taxpayers.
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