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Nov. 2010 a newsletter of the Verde Valley Amateur Radio Club FEEDBACK 2010 Officers President Jeff Swiggers, N7ZZN VicePresident Jack Crab tree, W7JLC Secretary Jason Schultz, KE7WWQ Treasurer Mel
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What is vvara?
VVARA stands for Report of Foreign Bank and Financial Accounts, which is used to report foreign financial accounts to the U.S. Treasury.
Who is required to file vvara?
U.S. persons with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file vvara.
How to fill out vvara?
VVARA must be filed electronically through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of vvara?
The purpose of vvara is to combat tax evasion and to track funds held in foreign accounts.
What information must be reported on vvara?
Information such as the account number, name of the financial institution, type of account, and maximum value during the reporting period must be reported on vvara.
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