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Nation eiders Assoc Try Northwest t TER her 1 Noodle INCA Chart Volume 4, Issue 2 & 3 October 2004 F r o m T h e P r e s i d e NT Well, another busy summer has passed, and we saw a lot more patches
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T ter is a form used to report certain foreign financial accounts to the Internal Revenue Service (IRS).
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file a t ter.
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The purpose of t ter is to help prevent tax evasion by providing the IRS with information about foreign financial accounts held by U.S. persons.
T ter requires information such as the account number, name and address of the financial institution, and maximum value of the account during the year.
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