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PAY R O L L C H A N G E N O T I CE
To: Infinite HR Payroll Department
Fax #: 2407220090
From: ___, @ ___
Contact NameClient/Worksite Nameplate make the following change(s) to the following payroll
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What is he resa?
Resa stands for Report of Foreign Bank and Financial Accounts (FBAR), which is a form required by the US government to report foreign financial accounts.
Who is required to file he resa?
Any US person who has a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year is required to file an FBAR.
How to fill out he resa?
The FBAR can be filed electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing system.
What is the purpose of he resa?
The purpose of the FBAR is to prevent tax evasion by US persons who have foreign financial accounts and to promote transparency in financial reporting.
What information must be reported on he resa?
The FBAR requires reporting the maximum value of each foreign financial account during the calendar year, as well as information about the account holder.
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