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V1 VERD20.01 FM Type ; DRT 201920 A Dependent Verification Worksheet V1 Standard Verification Group / Your Free Application for Federal Student Aid (FAFSA) has been selected for review in a process

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What is fm type drt?

FM type DRT stands for Foreign Account Tax Compliance Act (FATCA) Report, which is a reporting requirement for certain foreign financial institutions to report on financial accounts held by U.S. taxpayers.

Who is required to file fm type drt?

Foreign financial institutions that have financial accounts held by U.S. taxpayers are required to file FM type DRT.

How to fill out fm type drt?

FM type DRT can be filled out electronically through the IRS FATCA portal or through a third-party provider.

What is the purpose of fm type drt?

The purpose of FM type DRT is to facilitate compliance with the FATCA reporting requirements and to help prevent tax evasion by U.S. taxpayers through foreign financial accounts.

What information must be reported on fm type drt?

FM type DRT requires reporting on the financial accounts held by U.S. taxpayers, including identifying information, account balances, and income generated from the accounts.

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