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I OWA d e p an r t m e n t of R eve n u e an n d F i n an n c e Registration for Substitute Forms Approval This agreement must be completed by computerized tax processors, tax software developers,
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The d e p a stands for Report of Foreign Bank and Financial Accounts (FBAR), required by the US Department of Treasury.
US persons with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file d e p a.
d e p a can be completed online through the FinCEN BSA E-Filing System.
The purpose of d e p a is to combat tax evasion and money laundering, by disclosing foreign financial accounts.
Information such as the maximum value of the account during the reporting period, the account number, and the name and address of the foreign financial institution must be reported on d e p a.
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