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Worldwide Account Form 1 of 11 https://www.te.com/commerce/pcnws/PCNSecurityController?pcndate... Current Date: 04Feb2016 Product Change No ca on: P16012575 PCN Date: 02FEB16 Customer: Haling Electronics
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Worldwide account form 1 is a document used to report worldwide financial accounts held by U.S. persons.
U.S. persons who meet the threshold requirements for reporting foreign financial accounts are required to file worldwide account form 1.
Worldwide account form 1 can be filled out online or through paper filing. It requires detailed information about foreign financial accounts.
The purpose of worldwide account form 1 is to prevent tax evasion by requiring U.S. persons to report their foreign financial accounts.
Information such as account number, account balance, account holder name, and foreign financial institution details must be reported on worldwide account form 1.
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