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(Use a separate Form FT-1020 for each product type.) All transactions listed in Parts I through III are taxable (or exempt) as indicated. Read the back of this form ...
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What is ft-1020 196?
It is a form used to report foreign financial accounts.
Who is required to file ft-1020 196?
U.S. persons with financial interest in or signature authority over foreign financial accounts.
How to fill out ft-1020 196?
You must provide detailed information about each foreign financial account, including account number, bank name, and maximum value during the year.
What is the purpose of ft-1020 196?
The purpose is to report foreign financial accounts to comply with the Bank Secrecy Act.
What information must be reported on ft-1020 196?
Information such as account numbers, maximum values during the year, and the foreign bank's name must be reported.
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