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What is s amaritan c ouns?
The correct term is 'Samaritan Declaration'. It is a form that must be filed by certain taxpayers who have overseas financial accounts.
Who is required to file s amaritan c ouns?
US taxpayers who have foreign financial accounts with an aggregate value of over $10,000 at any time during the year are required to file a Samaritan Declaration.
How to fill out s amaritan c ouns?
The Samaritan Declaration can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of s amaritan c ouns?
The purpose of the Samaritan Declaration is to report foreign financial accounts to the US government in order to prevent tax evasion and money laundering.
What information must be reported on s amaritan c ouns?
The Samaritan Declaration requires taxpayers to report details about their foreign financial accounts, including the account number, the financial institution's name and address, and the maximum value of the account during the year.
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