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Announcements and Reminders From While Schools e b r UA r y 15, 20 17 GOAL SHARING CONFERENCES 2/17 Reminder: NO REGULAR CLASSES for students on this Friday Goal Sharing Conference Day. KIKI GREAT
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FEAR (Foreign Account Tax Compliance Act) is a reporting form used by individuals who have foreign financial assets or foreign accounts.
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Individuals who meet the threshold for reporting foreign financial assets or foreign accounts are required to file FEAR.
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FEAR can be filled out electronically using the IRS's online platform or by mailing a paper form to the IRS.
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The purpose of FEAR is to report foreign financial assets and accounts to the IRS in order to prevent tax evasion.
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Information such as the value of the foreign financial assets, income generated from the assets, and details of foreign accounts must be reported on FEAR.
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