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G R E A T E R B O S T O N R E A L E S T A T E B O A R D Greater Boston Association of REALTORS of the Greater Boston Real Estate Board Application for REALTOR Membership Founded in 1889, GREW represents
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What is gbar?
GBAR stands for Global Bank Account Reporting, which is a requirement for financial institutions to report foreign bank accounts held by US taxpayers.
Who is required to file gbar?
Any financial institution that holds foreign bank accounts for US taxpayers is required to file GBAR.
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GBAR can be filled out electronically through the appropriate reporting system designated by the government.
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The purpose of GBAR is to ensure that US taxpayers are accurately reporting their foreign financial accounts and complying with tax laws.
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GBAR typically requires information such as the account holder's name, account number, financial institution information, and balance.
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