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OMB N0 1545-0047 x Return of 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung Fond Under sectionOrganization Exempt From Income Tax benefit trust, Open t0 PUBLIC Department
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A for form is a tax form used to report certain foreign financial accounts.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year must file a for form.
To fill out a for form, you will need to provide information about your foreign financial accounts, including the maximum value of the accounts during the year and the type of account.
The purpose of a for form is to report foreign financial accounts to the IRS in order to prevent tax evasion.
The for form requires reporting the maximum value of each foreign financial account during the calendar year, as well as information about the account itself.
The deadline to file a for form in 2023 is April 15th.
The penalty for the late filing of a for form can range from $250 to $10,000, depending on the amount of tax owed and the severity of the violation.
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