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10 February 11, 1996, T H E R RACKETEER Always Better Savings At Fed com user Power Mac 7200/90 8/500CD 5×86133MHz 811 GB PC I Slots 4 ISA 1 GB Hard Drive 1 MB PCI Video Card 15 Color Monk Enhanced
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What is the r?
The r stands for Report of Foreign Bank and Financial Accounts (FBAR).
Who is required to file the r?
U.S. persons, including citizens, residents, and certain non-resident aliens, who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds.
How to fill out the r?
The FBAR must be filed electronically through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of the r?
The purpose of the FBAR is to combat tax evasion by requiring the reporting of foreign financial accounts.
What information must be reported on the r?
Information such as the maximum value of each foreign account during the year, the type of account, the name on the account, and the account number.
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