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IFAAEAFort Payne City Schools
Data Governance/Employee
Acceptable Use PolicyFPCS Data Governance/Employee AUP1IFAAEATABLE OF CONTENTS
INTRODUCTION.3POLICY .......................................................................................................................4APPENDICES
A:
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Who needs ifaa-ea?
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ifaa-ea is typically needed by individuals who wish to apply for recognition of their academic and professional qualifications obtained from foreign institutions.
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It is also required by professionals who intend to practice their regulated or licensed professions abroad and need their qualifications to be evaluated and assessed.
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What is ifaa-ea?
ifaa-ea stands for Individual Foreign Account Tax Compliance Act (FATCA) Electronic Account.
Who is required to file ifaa-ea?
Individuals with foreign financial accounts exceeding certain thresholds are required to file ifaa-ea.
How to fill out ifaa-ea?
ifaa-ea can be filled out electronically through the FATCA online portal.
What is the purpose of ifaa-ea?
The purpose of ifaa-ea is to report foreign financial accounts to the IRS to ensure compliance with FATCA regulations.
What information must be reported on ifaa-ea?
Information such as account numbers, financial institution names, and maximum account values must be reported on ifaa-ea.
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