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SALESIAN COLLEGE FA R N B OR O U G H Sixth Form CONTENTS WELCOME 01 WELCOME FROM THE HEADMASTER Thank you for your interest in the Salesian College Sixth Form. The decision you are about to take how
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FARNB stands for Foreign Account Tax Compliance Act (FATCA) Report.
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U.S. persons, including individuals, entities, and financial institutions, with foreign financial accounts are required to file FARNB.
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FA R N B can be filled out electronically using the IRS's online system or by submitting a paper form.
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The purpose of FA R N B is to report foreign financial accounts to the IRS to ensure compliance with reporting requirements and prevent tax evasion.
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Information such as the maximum value of the foreign financial accounts during the year, the account number, the name of the financial institution, and other identifying information must be reported on FA R N B.
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