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Robert Frost's famous poem The Road Not Taken is studied in many English classes. Countless school children have memorized and recited back the four stanzas that constitute the work. The 1920 composition
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What is frosts?
FROST stands for Foreign Report of Specified Foreign Financial Assets.
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U.S. taxpayers who have specified foreign financial assets that exceed certain thresholds must file FROSTS.
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The purpose of FROSTS is to report specified foreign financial assets to the IRS.
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FROSTS requires reporting the type of asset, maximum value during the year, and any income generated.
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