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F720 Test 2 Originator ERIN as assigned Type Practitioners ERIN as assigned PIN PinEnteredBy n/a SignatureOption PIN Returnable 720 TaxPeriodBeginDate TaxPeriodEndDate Quarter End Date 201703 Filer
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What is f720 test 2?
F720 test 2 is a form used for reporting foreign bank and financial accounts.
Who is required to file f720 test 2?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year is required to file f720 test 2.
How to fill out f720 test 2?
F720 test 2 can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by mail. It requires information about the foreign financial accounts, including the account numbers, financial institution names, and maximum values during the year.
What is the purpose of f720 test 2?
The purpose of f720 test 2 is to combat money laundering, tax evasion, and other financial crimes by providing the government with information about foreign financial accounts held by U.S. persons.
What information must be reported on f720 test 2?
The information that must be reported on f720 test 2 includes the account numbers, financial institution names, and maximum values of foreign financial accounts held by the filer during the year.
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