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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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What is d e p a?
The d e p a stands for Report of Foreign Bank and Financial Accounts (FBAR), required by the US Department of Treasury.
Who is required to file d e p a?
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.
How to fill out d e p a?
d e p a can be completed online through the FinCEN BSA E-Filing System.
What is the purpose of d e p a?
The purpose of d e p a is to combat tax evasion and money laundering, by disclosing foreign financial accounts.
What information must be reported on d e p a?
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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