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Brussels, 24 September 2012 B PU 12918/1/12 REV 1 LIMITED C Interinstitutional File: 2012/0011 (COD) LI Sal UE COU CIL OF THE EUROPEAN U IO DATAPROTECT 97 JAI 551 MI 515 DRS 101 DAPI 94 FRUMP 110
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What is jai 551?
Jai 551 is a form used for reporting foreign assets.
Who is required to file jai 551?
US taxpayers with foreign assets exceeding certain thresholds are required to file jai 551.
How to fill out jai 551?
Jai 551 can be filled out online or by mail and requires detailed information about foreign assets.
What is the purpose of jai 551?
The purpose of jai 551 is to report foreign assets and ensure compliance with tax laws.
What information must be reported on jai 551?
Information such as the type of asset, its value, and the country where it is held must be reported on jai 551.
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