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Fa l N e w s l e t t e r 2 016Allied Arts of Renton Seattle Philharmonic Orchestra Coming to IPA on October 23rdDeloris Sewing, Allied Arts Family Concert Chairman The diversity of the musical maestro
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Fa l l n stands for Foreign Account Tax Compliance Act (FATCA), which is a law that requires foreign financial institutions to report information about accounts held by US taxpayers.
Foreign financial institutions are required to file fa l l n if they have accounts held by US taxpayers.
Fa l l n can be filled out electronically through the IRS FATCA portal.
The purpose of fa l l n is to prevent tax evasion by US taxpayers through foreign accounts.
Fa l l n must report information about the account holder, the account balance, and any income generated from the account.
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