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SEC Form 3UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 3Washington, D.C. 20549OMB APPROVAL
OMB Number:32350104Estimated average burdenINITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF
SECURITIES
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What is 1 06amp 78?
1 06amp 78 is a form used by taxpayers to report certain information related to foreign bank accounts.
Who is required to file 1 06amp 78?
US citizens, residents, and certain non-residents who have financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year are required to file Form 1 06amp 78.
How to fill out 1 06amp 78?
Taxpayers can fill out Form 1 06amp 78 by providing information about their foreign financial accounts, including the account number, name of the financial institution, maximum value during the calendar year, and more.
What is the purpose of 1 06amp 78?
The purpose of Form 1 06amp 78 is to report foreign financial accounts to the Internal Revenue Service (IRS) to help prevent tax evasion.
What information must be reported on 1 06amp 78?
Taxpayers must report information such as the account number, name of the financial institution, type of account, maximum value during the year, and more on Form 1 06amp 78.
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