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IRS FAR Reference Guide IRS Reference Guide on the Report of Foreign Bank and Financial Accounts (FAR) This Guide is provided to educate and assist U.S. persons who have the obligation to file the

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What is irs fbar reference guide?

The IRS FBAR reference guide provides information on how to report foreign financial accounts.

Who is required to file irs fbar reference guide?

U.S. persons including citizens, residents, and entities that have financial interest or signature authority over foreign financial accounts.

How to fill out irs fbar reference guide?

The FBAR form (FinCEN Form 114) must be electronically filed through the FinCEN BSA E-Filing System.

What is the purpose of irs fbar reference guide?

The purpose of FBAR is to prevent tax evasion by U.S. persons using foreign accounts.

What information must be reported on irs fbar reference guide?

Information such as the maximum value of financial accounts held abroad, account numbers, and the name of the foreign bank.

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