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Florida Administrative WeeklyVolume 34, Number 29, July 18, 2008Section I Notice of Development of Proposed Rules and Negotiated Rule making DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES Division
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3429fm is a tax form used by individuals to report their foreign financial accounts to the IRS.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file 3429fm.
3429fm can be filled out online through the IRS website or by mailing a paper form to the IRS.
The purpose of 3429fm is to combat tax evasion by ensuring that individuals report their foreign financial accounts.
Information such as the account number, name of the financial institution, and maximum value of the account during the year must be reported on 3429fm.
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