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DO CID: 2356565 ... I! F ID;. A93284a owned. Memorandum:From:capt. J.s. Harper, USN Job.NT Allocation Processing Groups:DE.ta for Joint Processing Allocation Grouped.:(a) Duties and Responsibilities

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What is f id?

The Foreign Account Tax Compliance Act (FATCA) requires U.S. taxpayers to report foreign financial accounts and offshore assets on Form FD.

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U.S. citizens and residents, including entities, who have foreign financial accounts that exceed certain thresholds are required to file Form FD.

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Form FD is filled out by providing personal information, details of foreign financial accounts, and the maximum value of each account during the reporting period.

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The purpose of Form FD is to prevent tax evasion by U.S. citizens and residents through the disclosure of foreign financial accounts.

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The information that must be reported includes the account number, name and address of the financial institution, maximum account balance, and identifying information of the account holder.

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