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21ST ANNUAL H O P E B U I L D E R S 5K GIVING CHILDREN HOPE FOR A HEALTHY FUTURE SATURDAY, OCTOBER 8, 2016, PRESENTED BY ABOUT LEVINE CHILDREN HOSPITAL At Levine Children's Hospital our world revolves
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Annual HOP stands for Annual Report of Foreign Bank and Financial Accounts, it is a report required by the US Department of the Treasury to disclose foreign financial accounts.
US persons, including citizens, residents, and entities, who have 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 are required to file annual HOP.
Annual HOP is typically filed electronically through the Financial Crimes Enforcement Network's BSA E-Filing System. The form requires information about the account holder, the financial institution, and details about the foreign accounts.
The purpose of annual HOP is to prevent tax evasion and money laundering by providing the US government with information about foreign financial accounts held by US persons.
Annual HOP requires reporting of the account holder's identifying information, the account numbers, the name and address of the financial institution, and the maximum value of the account during the reporting period.
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