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September 2016T R E A S U R E C H A P T E R C O A S T A 5 S T A R C H A P T E R OFFICERS PresidentCWO2 William Armstrong USA (RET) 7724648532 1st VP LTC Bobbie Williams USA, (RET) 5404292057 2nd VP
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What is t r e a?
The Tax Return of Foreign Entities and Assets (TREA) is a form used to report foreign financial accounts and assets to the IRS.
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U.S. citizens, residents, and certain non-residents who have foreign financial accounts and assets exceeding certain thresholds are required to file TREA.
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TREA can be filled out electronically using the IRS's e-filing system or manually by submitting the paper form.
What is the purpose of t r e a?
The purpose of TREA is to help prevent tax evasion by ensuring that taxpayers accurately report their foreign financial accounts and assets.
What information must be reported on t r e a?
TREA requires reporting of details regarding foreign financial accounts, investments, and income.
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