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T H E A M E R I C A N C H A P T E R O F W A Y F M C A V O L U M E 18, I S S U E 3, D E C E M B E R, 2 0 1 1 President s Message Where did the year go? Can you believe that Christmas is almost here?
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What is dec - american coach?
Dec - American coach is a declaration form used by certain individuals who have financial interest or signature authority over foreign financial accounts.
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US persons, including US citizens, resident aliens, and entities, who have a financial interest in or authority over one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year.
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The dec - American coach form can be filled out electronically or by hand, and must include information about the account holder, account numbers, financial institution details, and maximum value of the account.
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The purpose of dec - American coach is to report foreign financial accounts to the US government in compliance with the Bank Secrecy Act.
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Information such as account holder details, account numbers, financial institution name and address, and maximum value of the account must be reported on dec - American coach.
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