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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8K CURRENT REPORT Pursuant to Section 13 or 15’d) of the Securities Exchange Act of 1934 Date of Report (Date of the earliest
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What is one tower lane?
One Tower Lane is a tax form used to report information about a taxpayer's foreign financial accounts.
Who is required to file one tower lane?
U.S. citizens, residents, and certain non-residents who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file a One Tower Lane.
How to fill out one tower lane?
One Tower Lane can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website using the BSA E-Filing System.
What is the purpose of one tower lane?
The purpose of One Tower Lane is to combat tax evasion by providing the U.S. government with information about taxpayers' foreign financial accounts.
What information must be reported on one tower lane?
One Tower Lane requires taxpayers to report the name of the foreign financial institution where the account is held, the account number, the maximum value of the account during the year, and other identifying information about the account.
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