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Form ADDI and CASSI are used to report information about foreign accounts and assets to the IRS.
US persons who have foreign financial accounts or assets exceeding certain thresholds are required to file form ADDI and CASSI.
Form ADDI and CASSI can be filled out electronically or by mail, following the instructions provided by the IRS.
The purpose of form ADDI and CASSI is to help the IRS track and tax income earned from foreign accounts and assets.
Form ADDI and CASSI require information about the account holder, the account itself, and any income generated from the account.
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