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Get the free F l y F i s h e r s Fo r C o n s e r va t i o n September 2007 Volume 47 Issue 9 F L...

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F l y F i s h e r s For C o n s e r vat i o n September 2007 Volume 47 Issue 9 F LY D O P E INSIDE THIS ISSUE: Festival of Fly Fishing 2 Outings 3 Flies From Jerry's Bench 4 Club Dates 5 Casting Practice
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FLYF stands for FinCEN Form 114, also known as the Report of Foreign Bank and Financial Accounts (FBAR).
Any U.S. Person who has 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.
FLYF can be filled out online through the FinCEN BSA E-Filing System or by using Form 114 and submitting it to the FinCEN.
The purpose of FLYF is to report foreign financial accounts to the IRS in order to prevent money laundering and tax evasion.
Information such as the account holder's name, address, account number, type of account, and maximum value of the account during the year.
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