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What is ii 4?

ii 4 is a form used to report information about foreign bank accounts held by U.S. taxpayers.

Who is required to file ii 4?

U.S. taxpayers who have a financial interest in or signature authority over foreign financial accounts with a total value exceeding $10,000 at any time during the year are required to file ii 4.

How to fill out ii 4?

ii 4 can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website by providing information about the account holder, account details, and financial institution.

What is the purpose of ii 4?

The purpose of ii 4 is to help prevent tax evasion by providing the IRS with information about foreign bank accounts held by U.S. taxpayers.

What information must be reported on ii 4?

Information such as the account holder's name, account number, name and address of the foreign financial institution, and the maximum value of the account during the year must be reported on ii 4.

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