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DEP 't of Sanitation v. To vino OATH Index No. 1145/05 (Aug. 30, 2005), appeal dismissed, NYC CIV. Serve. Comm 'n Item No.CD0801O (Jan. 24, 2008), appendedPetitioner established two of five complaints
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114505 aug refers to the specific IRS form 114, also known as the Foreign Bank Account Report (FBAR), which is used to report foreign financial accounts.
U.S. citizens, residents, and entities who have financial interests in or signature authority over foreign financial accounts that exceed certain thresholds are required to file Form 114.
To fill out Form 114, you must provide detailed information about each foreign account, including the account number, name and address of the foreign financial institution, and the maximum balance during the reporting period.
The purpose of Form 114 is to report foreign bank accounts to promote transparency and prevent tax evasion by U.S. taxpayers.
Reported information includes the taxpayer's personal identification, details of each foreign account, including the account number, maximum balance, and the name and address of the financial institution.
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