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04
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What is rw ls?
rw ls stands for Report of Foreign Bank and Financial Accounts (FBAR), which is a form used by US persons to report their foreign financial accounts.
Who is required to file rw ls?
Any US person who has a financial interest in or signature authority over one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file rw ls.
How to fill out rw ls?
To fill out rw ls, you need to provide information about each foreign financial account you have, including the account number, name and address of the financial institution, the maximum value of the account during the year, and other details.
What is the purpose of rw ls?
The purpose of rw ls is to combat tax evasion and money laundering by US persons using foreign financial accounts to hide their assets.
What information must be reported on rw ls?
You must report detailed information about each foreign financial account you have, including the account number, name and address of the financial institution, the maximum value of the account during the year, and other details.
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