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MUTUAL FUNDFATCA CRS DECLARATION AND
SUPPLEMENTARY INFORMATION
Declaration Form for IndividualsFolio No:Please consult a tax professional for further guidance regarding your tax residency for FATWA
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What is fatca declaration for individual?
FATCA (Foreign Account Tax Compliance Act) declaration for individuals is a requirement under U.S. law for American citizens and residents to report their foreign financial accounts and assets to the Internal Revenue Service (IRS).
Who is required to file fatca declaration for individual?
Individuals who are U.S. citizens, U.S. residents, or certain non-residents with foreign financial accounts that exceed specified thresholds must file a FATCA declaration.
How to fill out fatca declaration for individual?
To fill out a FATCA declaration, individuals must complete Form 8938, which includes information on foreign financial accounts, assets, and the total value of those accounts.
What is the purpose of fatca declaration for individual?
The purpose of the FATCA declaration for individuals is to combat tax evasion by requiring U.S. taxpayers to report their foreign financial accounts and ensuring compliance with U.S. tax laws.
What information must be reported on fatca declaration for individual?
Individuals must report information including the names of foreign financial institutions, account numbers, account balances, and details of foreign assets.
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