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What is s sv?
S sv stands for Statement of Specified Foreign Financial Assets. It is a form required by the IRS to report foreign financial accounts and other specified foreign financial assets.
Who is required to file s sv?
U.S. persons who meet the filing threshold for specified foreign financial assets are required to file s sv.
How to fill out s sv?
S sv can be filled out electronically and submitted online through the IRS website or mailed in with a paper form.
What is the purpose of s sv?
The purpose of s sv is to report foreign financial accounts and assets to the IRS in order to combat tax evasion.
What information must be reported on s sv?
Information such as the type of account or asset, the maximum value during the year, and the country where the account is held must be reported on s sv.
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