True/False
Indicate whether the
statement is true or false.
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1.
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Is this statement true of false? Signatory is referred to as a person who
can control disposition of money or other property in an account by direct communication to a
financial institution maintaining the financial account.
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Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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2.
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Who is affected by FBAR Reporting?
a. | An Individual
A Corporation
A Partnership
A Trust | c. | An Estate
A
Trust
An Individual
A Corporation | b. | An Individual
A Corporation
A
Partnership
A Trust | d. | A
Decedent of an Estate
An Individual
A Corporation
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3.
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The term foreign refers to the following;
a. | Any geographical area located outside the 50 United States, Washington DC, Indian
lands, US Commonwealths, and US Territories. | c. | Any geographical location across
the seas and at least 75 miles away. | b. | Only territories in other
countries. | d. | b and c are
correct. |
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