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1 f is a form used for reporting foreign bank accounts.
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U.S. persons who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file 1 f.
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1 f can be filled out electronically through the Financial Crimes Enforcement Network's website.
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The purpose of 1 f is to report foreign financial accounts to prevent tax evasion and money laundering.
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1 f requires information such as the maximum value of the account during the reporting period and the account number.
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