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What is fm 221?
FM 221 is a form used for reporting foreign financial accounts.
Who is required to file fm 221?
Any individual or entity with foreign financial accounts exceeding certain thresholds is required to file FM 221.
How to fill out fm 221?
FM 221 can be filled out online or submitted through mail using the instructions provided on the form.
What is the purpose of fm 221?
The purpose of FM 221 is to report foreign financial accounts to the IRS for tax compliance purposes.
What information must be reported on fm 221?
FM 221 requires reporting of the account holder's identifying information, account details, and maximum value of the account during the reporting period.
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