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F A M I LY T I P S H ET Will breakfast help my kids do better at school? Breakfast GO POWER Get healthy balance with breakfast GO POWER. It gives kids fuel to learn, grow, and go! WOW! Eating breakfast
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f a m i stands for Foreign Account Tax Compliance Act.
US citizens and residents, as well as certain foreign financial institutions and non-financial foreign entities, are required to file f a m i.
f a m i can be filled out electronically through the IRS's online portal or by submitting paper forms to the IRS.
The purpose of f a m i is to combat tax evasion by US persons who have foreign financial accounts.
f a m i requires the reporting of information on foreign financial accounts, including the account holder's identity, account balance, and income generated by the account.
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