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What is f 1 i ri?

F 1 i ri is a form used by individuals who have foreign financial assets to report those assets to the IRS.

Who is required to file f 1 i ri?

U.S. citizens, resident aliens, and certain non-resident aliens must file f 1 i ri if they have foreign financial assets that meet the reporting threshold.

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F 1 i ri can be filled out electronically using tax preparation software or by paper and mailing it to the IRS.

What is the purpose of f 1 i ri?

The purpose of f 1 i ri is to report foreign financial assets that may be subject to reporting requirements or tax implications.

What information must be reported on f 1 i ri?

Information such as the type of foreign financial asset, its value, the financial institution where it is held, and any income generated from the asset.

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