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What is f o r a?
FORA stands for Foreign Account Tax Compliance Act which requires foreign financial institutions to report financial account information of US taxpayers to the IRS.
Who is required to file f o r a?
Foreign financial institutions are required to file FORA.
How to fill out f o r a?
FORA can be filled out electronically using the IRS online system or through paper forms.
What is the purpose of f o r a?
The purpose of FORA is to prevent tax evasion by US taxpayers using foreign accounts.
What information must be reported on f o r a?
Information such as account numbers, balances, income, and account holder details must be reported on FORA.
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