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I7340IKECEBEXHIBITEXHIBIT GADSDEN INDEPENDENT SCHOOL DISTRICT High School Campus: Date: LOSS OF CREDIT NOTICE Letterer Parent/Guardian of : Name of Student DOB Grade The purpose of this letter is
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What is i-7340?
i-7340 is a form used for reporting information regarding foreign bank and financial accounts.
Who is required to file i-7340?
U.S. persons who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file i-7340.
How to fill out i-7340?
i-7340 can be filled out electronically or by paper and must include information such as the account number, name of the financial institution, and maximum value of the account during the year.
What is the purpose of i-7340?
The purpose of i-7340 is to combat tax evasion and money laundering by allowing the IRS to track and monitor foreign financial accounts held by U.S. persons.
What information must be reported on i-7340?
Information such as the account number, name of the financial institution, type of account, and maximum value of the account during the year must be reported on i-7340.
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