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Form CLTFT, also known as Tax Form F, is used for reporting certain foreign financial accounts to the U.S. Treasury Department.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding a certain threshold is required to file Form CLTFT.
To fill out Form CLTFT, gather information on your foreign accounts, include your name, contact details, and account information, and follow the instructions provided on the form.
The purpose of Form CLTFT is to report foreign financial accounts to ensure compliance with tax regulations and prevent tax evasion.
Form CLTFT requires reporting the names of financial institutions, account numbers, and the maximum value of each account during the reporting period.
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