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Page 1 of 5 Revs 1.7 Mayo Regional Hospital Administrative District #4 897 West Main Street DoverFoxcroft, ME 04426 FINANCIAL ASSISTANCE PROGRAM INSTRUCTIONS Thank you for choosing and trusting Mayo
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FAPInstructions refer to the guidelines and requirements for completing the Foreign Account Tax Compliance Act (FATCA) forms, which collect information about foreign financial assets.
Individuals and entities who have foreign financial accounts or assets that exceed certain thresholds are required to file FAPInstructions.
To fill out FAPInstructions, individuals need to provide accurate information about their foreign accounts, including account numbers, financial institutions, and the value of the accounts.
The purpose of FAPInstructions is to ensure compliance with tax regulations and to provide the IRS with information about foreign financial assets to prevent tax evasion.
The information that must be reported includes details such as account numbers, names of foreign banks, addresses, and the highest balance in the accounts during the reporting period.
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