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What is the statement of interest for foreign service officer?

Your statement of interest should highlight why you want to pursue this career and why you believe you will be successful. Applicants should carefully craft a statement that highlights their motivations, as well as their background, experiences, and skills that would help them to succeed in the Foreign Service.

Do you have to report foreign bank accounts to IRS?

Per the Bank Secrecy Act, every year you must report certain foreign financial accounts, such as bank accounts, brokerage accounts and mutual funds, to the Treasury Department and keep certain records of those accounts.

What is considered a foreign interest?

Foreign Interest is defined as any of the following: A foreign government or foreign government agency; Any form of business enterprise organized under the laws of any country other than the United States or its possessions; Any form of business enterprise organized or incorporated under the laws of the United States,

What is the IRS threshold for foreign accounts?

A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year.

What are specified foreign assets?

ing to the IRS, examples of other specified foreign financial assets (not an exhaustive list) include, if they are held for investment: stock issued by a foreign corporation; a capital or profits interest in a foreign partnership; and interest in a foreign trust or foreign estate.

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