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F A S 2 0 11 Florida Antimicrobial Stewardship Symposium December 10, 2011, The Palms Hotel Miami Beach, FL COURSE DIRECTORS: Lilian Abbot, MD Assistant Professor of Clinical Medicine Division of
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F A S S stands for Foreign Account Tax Compliance Act (FATCA) compliance.
U.S. taxpayers who have foreign financial accounts exceeding certain thresholds are required to file F A S S.
F A S S can be filled out electronically using the IRS's online filing system or by submitting paper forms.
The purpose of F A S S is to combat tax evasion by U.S. taxpayers using offshore accounts.
F A S S requires reporting of foreign financial accounts, assets, and income.
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