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1 2 THE LEGAL L INTO LL IGE NCE RF R ID A Y, A P R I L 3, 2 0 2 0CLASSIFIEDS Mitchell Cohn9738542905mcohn ALM.common P. 2120When results matter#1 Global Legal Job Site Ranked by AlexaATTORNEY WANTEDCORPORATE
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What is f r id a?
FRIDA stands for the Foreign Reporting of Internationally Declared Assets, which requires U.S. citizens and residents to report certain foreign financial accounts.
Who is required to file f r id a?
U.S. citizens, residents, and entities with foreign financial accounts that exceed specific thresholds must file FRIDA.
How to fill out f r id a?
To fill out FRIDA, individuals must provide details of their foreign accounts, including account numbers, the name of foreign banks, and the total value of the accounts.
What is the purpose of f r id a?
The purpose of FRIDA is to ensure compliance with U.S. tax laws by reporting foreign assets and preventing tax evasion.
What information must be reported on f r id a?
Reported information includes account numbers, account balances, foreign bank names, and taxpayer identification details.
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