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What is f c a 413?
f c a 413 is a form used for reporting foreign bank and financial accounts.
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Any U.S. person who has a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds is required to file f c a 413.
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f c a 413 can be filled out online or by mailing a completed form to the IRS. It requires detailed information about foreign financial accounts, including the account number, name and address of the foreign bank, and the maximum value of the account during the reporting period.
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The purpose of f c a 413 is to combat tax evasion by ensuring that U.S. persons with foreign financial accounts report their income generated from those accounts to the IRS.
What information must be reported on f c a 413?
Information such as the account number, name and address of the foreign bank, type of account, and maximum value of the account must be reported on f c a 413.
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