Entity Accounts Not Required to Be Reviewed, Identified or Reported. Unless the Reporting [FATCA Partner] Financial Institution elects otherwise, where the implementing rules in [FATCA Partner] provide for such an election, Preexisting Entity Accounts with account balances that do not exceed $250,000 as of December 31, 2013, are not required to be reviewed, identified, or reported as U.S. Reportable Accounts until the account balance exceeds $1,000,000.
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Samples: Agreement Between the Government of the United States of America and the Government of [Fatca Partner] to Improve International Tax Compliance and to Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and Implement Fatca, Intergovernmental Agreement to Improve Tax Compliance and to Implement Fatca
Entity Accounts Not Required to Be Reviewed, Identified or Reported. Unless the Reporting [FATCA Partner] Financial Institution elects otherwise, where the implementing rules in [FATCA Partner] provide for such an election, Preexisting Preexist- ing Entity Accounts with account balances that do not exceed $250,000 as of December Decem- ber 31, 2013, are not required to be reviewed, identified, or reported as U.S. Reportable Accounts until the account balance exceeds $1,000,000.
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