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What is f p f m?
fpfm stands for Foreign Bank and Financial Accounts Report.
Who is required to file f p f m?
U.S. persons, including individuals, businesses, and estates, with financial interest in or signature authority over foreign financial accounts that exceed certain thresholds.
How to fill out f p f m?
You can electronically file the Report of Foreign Bank and Financial Accounts (FBAR) through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of f p f m?
The purpose of FBAR is to combat tax evasion by ensuring that U.S. persons report their foreign financial accounts.
What information must be reported on f p f m?
Information such as the account holder's name, account number, name of the financial institution, and maximum account value during the reporting period.
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