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What is if you have a?

If you have a financial interest in or signature authority over foreign financial accounts, you may need to file a Report of Foreign Bank and Financial Accounts (FBAR).

Who is required to file if you have a?

People who meet the criteria for having a foreign financial account and exceed the reporting thresholds set by the IRS are required to file the FBAR.

How to fill out if you have a?

You can fill out the FBAR form electronically through the Financial Crimes Enforcement Network (FinCEN) website. Make sure to provide all required information accurately.

What is the purpose of if you have a?

The purpose of the FBAR is to combat tax evasion and money laundering by ensuring that US persons with foreign financial accounts report them to the IRS.

What information must be reported on if you have a?

You must report the highest value of each foreign financial account during the calendar year, as well as details about the account location and account number.