Get the free 1 fi b I?p - LAUSD Ethics Office - Los Angeles Unified School District
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Gift to Agency Report A Public Document GIFT TO AGENCY REPORT I. Agency Name Date Stamp Los Angeles Unified School District 1 fib I?p I I I I Division, Department, or Region (if applicable) information
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What is 1 fi b ip?
1 fi b ip stands for Foreign Bank and Financial Accounts Report, which is a report filed with the IRS to disclose foreign financial accounts held by US taxpayers.
Who is required to file 1 fi b ip?
US taxpayers who have a financial interest in or signature authority over foreign financial accounts with an aggregate value over $10,000 at any time during the year are required to file 1 fi b ip.
How to fill out 1 fi b ip?
1 fi b ip can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
What is the purpose of 1 fi b ip?
The purpose of 1 fi b ip is to combat tax evasion by providing the IRS with information about foreign financial accounts held by US taxpayers.
What information must be reported on 1 fi b ip?
Information such as the account number, name of financial institution where the account is held, maximum value of the account during the year, and the account holder's contact information must be reported on 1 fi b ip.
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