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COUNCIL OF THE EUROPEAN UNION Brussels, 19 October 2007 B PU 14083/07 Interinstitutional File: 2006/0276 (CNS) LI LIMITED DOCUMENT PARTIALLY ACCESSIBLE TO THE PUBLIC C PRO CIV 166 JAI 515 COVER 71

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What is jai 515?

JAI 515 is a tax form used to report foreign financial assets.

Who is required to file jai 515?

U.S. citizens, resident aliens, and certain non-resident aliens are required to file jai 515 if they have foreign financial assets that exceed certain thresholds.

How to fill out jai 515?

JAI 515 can be filled out online through the IRS website or by mail. Taxpayers must provide information about their foreign financial assets, including account numbers and maximum values during the year.

What is the purpose of jai 515?

The purpose of jai 515 is to combat tax evasion by ensuring that taxpayers report their foreign financial assets.

What information must be reported on jai 515?

Taxpayers must report the maximum value of each foreign financial asset held during the year, as well as information about the account or asset.

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