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Moscow Charter School4:30 Transaction Detail Checking Acts, LIP, Visa & Petty Cash11/04/15 Accrual Basis October 2015 TypeDateMCS Checking Accounts 111107 US Bank General Bill PMT Check 10/06/2015
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What is 111-107 us bank?
111-107 us bank is a form used by individuals or entities to report foreign bank accounts to the Internal Revenue Service (IRS) in the United States.
Who is required to file 111-107 us bank?
Any U.S. person who has 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 is required to file 111-107 us bank.
How to fill out 111-107 us bank?
Form 111-107 us bank must be completed and submitted electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
What is the purpose of 111-107 us bank?
The purpose of 111-107 us bank is to assist the IRS in enforcing compliance with foreign bank account reporting requirements and preventing tax evasion.
What information must be reported on 111-107 us bank?
The form requires the disclosure of detailed information about the foreign financial accounts, including the account numbers, names and addresses of the foreign banks, and the maximum value of the accounts during the year.
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