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EfilePublicVisualRenderFormObjectId:001Submission:20150116TIN:205478191 OMBNo.1545ReturnofOrganizationExemptFromIncomeTax99000472020Undersection501(c),527,or4947(a)(1)oftheInternalRevenueCode(exceptprivate foundations)
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FALM stands for Foreign Account Legislation Measures, which pertains to regulations related to reporting foreign accounts and assets.
Individuals and entities with foreign financial accounts or assets exceeding a specified threshold are required to file FALM.
Filling out FALM involves providing personal identification information, details of foreign accounts, and reporting financial activity, typically using specific forms provided by tax authorities.
The purpose of FALM is to ensure compliance with tax laws and to prevent tax evasion by requiring disclosure of foreign financial interests.
Information that must be reported includes the account holder's details, financial institution information, account numbers, and the highest balance in the foreign accounts during the reporting period.
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