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Original: Employee Copy: Principal Team/Mentor/Others HR-119 Revised: 09/2004
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How to fill out hr-119:
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Begin by gathering all relevant information and documents needed to complete hr-119. This may include personal information, employment history, and any supporting documentation required.
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Who needs hr-119:
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What is hr-119?
HR-119 is a form used for reporting information on foreign bank accounts.
Who is required to file hr-119?
Any U.S. person who has a financial interest in or signature authority over one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year.
How to fill out hr-119?
The form can be filled out online or mailed to the IRS. It requires information about the account holder, account details, and any income generated from the account.
What is the purpose of hr-119?
The purpose of HR-119 is to report foreign financial accounts and help prevent tax evasion.
What information must be reported on hr-119?
Information such as the account holder's name, account number, type of account, and maximum value of the account during the year.
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