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ACRID 6687 FORM COMPLETION INSTRUCTIONS Initial Evaluation Form I1 Completion Instructions Note: These completion instructions only include questions that may need further clarification. Additional
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i1form is a form used for reporting information related to foreign financial assets.
US persons, including individuals, corporations, partnerships, and trusts, are required to file i1form if they have foreign financial assets that meet the reporting threshold.
i1form can be filled out electronically by using the IRS e-file system or by mailing a paper copy to the IRS.
The purpose of i1form is to report foreign financial assets to the IRS in order to prevent tax evasion and ensure compliance with tax laws.
The form requires reporting information about various types of foreign financial assets, including bank accounts, stocks, and other investments.
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