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What is dom nxt folding?
Dom NXT Folding is a document that must be filed by certain individuals to report foreign financial accounts.
Who is required to file dom nxt folding?
US persons including citizens, residents, and certain non-resident aliens are required to file dom nxt folding if they have a financial interest in or signature authority over foreign financial accounts.
How to fill out dom nxt folding?
Dom NXT Folding can be filled out online using the FinCEN Form 114 through the BSA e-filing system.
What is the purpose of dom nxt folding?
The purpose of dom nxt folding is to report foreign financial accounts to the US government in order to prevent tax evasion and money laundering.
What information must be reported on dom nxt folding?
Information such as the account number, name and address of the financial institution, and the maximum value of the account during the year must be reported on dom nxt folding.
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