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ACS & MACS Present: Professional Development for Classroom Educators Wednesday, November 12, 2014, Lancaster Host Resort 2300 Lincoln Hwy E Lancaster, PA 17602 8:30am 3:30pm Cost: $79.00 per person
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What is acsi amp macsa present?
ACSI and MACSA present are two separate forms used for reporting foreign bank and financial accounts to the IRS.
Who is required to file acsi amp macsa present?
Any US person who has a financial interest in or signature authority over foreign bank or financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file ACSI and MACSA forms.
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ACSI and MACSA forms can be filled out electronically using the FinCEN's BSA E-Filing system or by mailing a paper form to the IRS.
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The purpose of ACSI and MACSA forms is to report foreign bank and financial accounts to the IRS in order to prevent tax evasion and money laundering.
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The information that must be reported on ACSI and MACSA forms includes the account holder's name, address, account number, the name and address of the financial institution, and the maximum value of the account during the reporting period.
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