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Pat Quinn, Governor Julie Amos, Director 201 South Grand Avenue East Springfield, Illinois 62763-0002 Telephone: 1-877-782-5565 TTY: (800) 526-5812 Informational Notice Date: To: Re: February 2, 2011,
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What is form 1409?
Form 1409 is a tax form used for reporting information related to foreign financial accounts.
Who is required to file form 1409?
Individuals who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file form 1409.
How to fill out form 1409?
Form 1409 can be filled out by providing accurate information about foreign financial accounts, including account numbers, types of accounts, and maximum values during the reporting period.
What is the purpose of form 1409?
The purpose of form 1409 is to help the government track and combat tax evasion and money laundering by requiring individuals to report their foreign financial accounts.
What information must be reported on form 1409?
Individuals must report details about their foreign financial accounts, including the account number, financial institution's name and address, type of account, and maximum value during the reporting period.
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