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Get the free A. F. M. S. Newsletter - American Federation of Mineralogical Societies

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ARMS Central Office Cheryl Near, 42 Jefferson Ave. Pathogen, NY 117721008. Volume 74, Number 3 April 2021 www.amfed.orgJudy Beck ARMS President 20202021NonProfit Org. U.S. Postage PAID McMinnville,
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Gather all necessary information such as full name, address, date of birth, social security number, and financial information.
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Who needs a f m s?

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Individuals who are required to provide financial information for a particular purpose such as applying for a loan, scholarship, grant, or government assistance may need to fill out a FMS form.
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Organizations that need to collect financial data from individuals for record-keeping, verification, or compliance purposes may also require the submission of a FMS form.
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A Foreign Financial Account form (f m s) is a document required by the U.S. government to report foreign financial accounts held by U.S. persons.
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 a f m s.
A f m s can be filled out electronically through the BSA E-Filing System or by mail using Form 114 available on the IRS website.
The purpose of a f m s is to combat tax evasion and money laundering by ensuring that U.S. persons report their foreign financial accounts.
A f m s requires the disclosure of the account holder's identifying information, the name and address of the foreign financial institution, and the highest value of the account during the reporting period.
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