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What is paum011u revbfm?

paum011u revbfm is a tax form used to report foreign bank and financial accounts.

Who is required to file paum011u revbfm?

Individuals and entities with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file paum011u revbfm.

How to fill out paum011u revbfm?

Paum011u revbfm can be filled out electronically using the FinCEN BSA E-Filing System.

What is the purpose of paum011u revbfm?

The purpose of paum011u revbfm is to prevent money laundering and tax evasion by requiring individuals to report their foreign financial accounts to the government.

What information must be reported on paum011u revbfm?

One must report the name of the foreign financial institution, the account number, the maximum value of the account during the reporting period, and other relevant information.