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Newsletter of the Child Care Resource Network Volume 78, Issue 3, Spring 2008 It is the mission of the Child Care Resource Network to support families, providers and the community by advancing and
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Millions around the world is a tax form used by individuals to report foreign financial accounts.
US citizens and residents, as well as certain non-resident aliens, who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds.
The form must be filled out accurately and completely with information about foreign financial accounts, including account numbers, values, and the name and address of the financial institution.
The purpose of the form is to report foreign financial accounts to the US government in order to prevent tax evasion and money laundering.
Information such as account numbers, values, the name and address of the financial institution, and the maximum account values during the reporting period.
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